Inter Globe Finance Reports Outstanding Financial Results for Q1 FY25

Inter Globe Finance, a microcap finance company, has recently announced its financial results for the quarter ended March 2024. The company has shown outstanding performance with a score of 31, a significant improvement from 8 in the last 3 months.

According to the financials, Inter Globe Fin has seen a remarkable growth in net sales, which has increased by 131.5% to Rs 84.97 crore compared to the average net sales of the previous four quarters at Rs 36.71 crore. This indicates a very positive sales trend in the near term. Similarly, the profit after tax (PAT) has also shown a significant growth of 1877.0% to Rs 6.87 crore, compared to the average PAT of the previous four quarters at Rs 0.35 crore. This reflects a very positive PAT trend in the near term.

Moreover, Inter Globe Fin has consistently shown growth in net sales and PAT in the last five quarters, with the highest net sales and PAT recorded in the current quarter. This further strengthens the positive sales and PAT trend in the near term. The company has also reported a high earnings per share (EPS) of Rs 10.07, indicating an increase in profitability and creating higher earnings for shareholders.

However, the company’s non-operating income is 96.23% of the profit before tax (PBT), which suggests that a significant portion of the company’s income is from non-business activities. This may not be a sustainable business model in the long run.

In conclusion, Inter Globe Finance has shown a remarkable financial performance in the quarter ended March 2024, with a positive sales and PAT trend in the near term. However, the company’s reliance on non-business income may be a cause for concern. Based on these financials, MarketsMOJO has given a ‘Hold’ call for the stock.