Jhaveri Credits Reports Impressive Q2 FY25 Results Despite 'Sell' Call from MarketsMOJO

Jhaveri Credits & Capital, a microcap finance company, has recently announced its financial results for the quarter ending September 2024. The company has received a ‘Sell’ call from MarketsMOJO, a leading stock market analysis platform.

Despite this, Jhaveri Credits has shown a very positive performance in the quarter, with a significant improvement in its score from 14 to 22 in the last three months. This is a result of the company’s strong financials, which have been driven by various factors.

One of the key highlights of the quarter is the impressive growth in net sales, which have increased by a staggering 5,306.06% year on year, reaching Rs 17.84 crore. This is a clear indication of the company’s strong sales trend and positive market response.

Moreover, the company has also surpassed its sales from the previous 12-month period, which stood at Rs 6.65 crore. This shows a remarkable growth trajectory for Jhaveri Credits, as it has already achieved its previous year’s sales in just half a year.

In terms of profitability, Jhaveri Credits has recorded its highest profit after tax (PAT) in the last five quarters, amounting to Rs 1.40 crore. This indicates a positive trend in the company’s near-term PAT.

However, there are some areas of concern for Jhaveri Credits, as highlighted by its financials. The company’s non-operating income for the quarter is 72.25% of its profit before tax (PBT). This suggests that a significant portion of the company’s income is coming from non-business activities, which may not be a sustainable business model in the long run.

Overall, Jhaveri Credits has shown a strong financial performance in the quarter ending September 2024, with impressive growth in net sales and profitability. However, investors should also consider the company’s reliance on non-operating income before making any investment decisions.