JMJ Fintech shows mixed performance in Q3
JMJ Fintech, a microcap finance company, has reported a significant growth in net sales, standalone net profit, and operating profit for the quarter ended September 2023. However, interest expenses have also increased. Despite a 'Sell' rating from MarketsMojo, JMJ Fintech has shown positive trends in operating profit and profit before tax, with a higher profit after tax in the nine-month period. Investors should consider the company's small market capitalization when analyzing its financial performance.
JMJ Fintech, a microcap finance company, has recently declared its financial results for the quarter ended September 2023. The company has shown a significant growth in its net sales, standalone net profit, and operating profit (PBDIT) excluding other income, with a quarter-on-quarter (QoQ) growth of 88.46%, 142.11%, and 220.00% respectively. However, the interest expenses have also increased by 50.00% compared to the previous quarter.According to MarketsMOJO, a leading stock analysis platform, the stock call for JMJ Fintech is 'Sell'. This may be due to the flat financial performance of the company in the quarter, as the score has improved from 0 to 3 in the last three months.
Despite the flat performance, there are some positive aspects to note from JMJ Fintech's financials. The company has shown the highest operating profit (PBDIT) and profit before tax (PBT) in the last five quarters, indicating a positive trend in the near term. Additionally, the company has also recorded a higher profit after tax (PAT) in the nine-month period compared to the previous twelve months.
It is worth mentioning that JMJ Fintech is a microcap finance company, which means it has a small market capitalization. This may be a factor to consider when analyzing the company's financial performance. Overall, JMJ Fintech's financial results for the quarter ended September 2023 show a mixed performance, with some positive trends to note. Investors may want to keep an eye on the company's future financial reports to see if there are any improvements in its performance.
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