IL&FS Investment Managers Reports Positive Financial Performance in Q1 2024

IL&FS Investment Managers, a microcap finance company, has recently announced its financial results for the quarter ending March 2024. The company has shown a positive performance in this quarter, with a score of 7 compared to -8 in the previous quarter.

One of the key factors contributing to this improvement is the growth in Profit Before Tax (PBT) by 1105.5% to Rs 2.74 crore, as compared to the average PBT of the previous four quarters which was -0.27 crore. This trend is expected to continue in the near term. Similarly, the Profit After Tax (PAT) has also shown a growth of 152.1% to Rs 4.86 crore, indicating a positive trend in the company's profitability.

IL&FS Investment Managers has also recorded its highest Operating Profit (PBDIT) in the last five quarters at Rs 2.82 crore, with a positive trend in the near term. The company's efficiency has also improved, as seen in the highest Operating Profit Margin of 21.40% in the last five quarters.

However, the company's Net Sales have fallen by -6.3% to Rs 13.18 crore in this quarter, compared to the average Net Sales of the previous four quarters which was Rs 14.06 crore. This indicates a negative trend in the company's sales in the near term. Additionally, the Non Operating Income is 55.52% of the Profit Before Tax (PBT), which suggests that the company's income from non-business activities is high and may not be a sustainable business model.

Overall, IL&FS Investment Managers has shown a positive financial performance in the quarter ending March 2024. However, investors are advised to hold their stock, as recommended by MarketsMOJO, and keep a close eye on the company's sales and non-business income in the near future.