JMJ Fintech Reports Impressive Q2 Results, Receives 'Hold' Call from MarketsMOJO
JMJ Fintech, a microcap company in the finance/NBFC industry, has reported a positive performance in the second quarter of FY24-25. With a significant increase in net sales and profitability, the company's stock has been given a 'Hold' call by MarketsMojo. Investors can monitor JMJ Fintech's future performance for potential opportunities.
JMJ Fintech, a microcap company in the finance/NBFC industry, recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Hold' call by MarketsMOJO.According to the financial report, JMJ Fintech has shown a very positive performance in the second quarter of FY24-25. The company's score has improved from 34 to 26 in the last three months.
One of the key factors contributing to this positive performance is the growth in net sales. JMJ Fintech's half-yearly net sales have increased by 229.20% year on year, reaching Rs 7.44 crore. This indicates a very positive sales trend for the company.
In terms of profitability, JMJ Fintech has also shown significant growth. The company's quarterly profit before tax (PBT) has increased by 185.90% year on year, reaching Rs 2.23 crore. The near-term trend for PBT is also very positive. Similarly, the quarterly profit after tax (PAT) has grown by 263.0% year on year, reaching Rs 1.67 crore. This indicates a very positive trend for PAT in the near term.
Overall, JMJ Fintech's financial results for the quarter ending September 2024 have been impressive, with significant growth in net sales and profitability. MarketsMOJO has given a 'Hold' call for the company's stock, indicating a neutral stance. Investors can keep an eye on JMJ Fintech's future performance to make informed decisions.
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