Joindre Capital Services reports outstanding financial results for Q1 FY25

Joindre Capital Services, a microcap finance company, has recently declared its financial results for the quarter ended March 2024. The company has shown outstanding performance in this quarter, with a significant improvement in its financial score from 22 to 34 in the last three months.

According to the financial report, Joindre Capital has seen a growth of 120.5% in its Profit Before Tax (PBT) less Other Income, which stands at Rs 3.92 crore. This is a positive trend for the company in the near term. The Profit After Tax (PAT) has also shown a growth of 125.9% at Rs 2.92 crore, indicating a very positive trend in the near term. The company’s Net Sales have also increased each quarter in the last five quarters, with the current quarter’s sales at Rs 13.41 crore, showing a growth of 54.0% over the average Net Sales of the previous four quarters.

Joindre Capital’s Operating Profit (PBDIT) has also shown a positive trend, with the current quarter’s profit at Rs 4.24 crore, the highest in the last five quarters. The company’s efficiency has also improved, as seen in the Operating Profit Margin, which is at its highest at 31.62% in the last five quarters.

However, the company’s Earnings per Share (EPS) have declined, with the current quarter’s EPS at Rs -2.96, the lowest in the last five quarters. This indicates a declining profitability and lower earnings for shareholders.

Overall, Joindre Capital Services has shown a strong financial performance in the quarter ended March 2024, with positive trends in most of its key financial indicators. Investors are advised to hold their stocks, as recommended by MarketsMOJO.