Joindre Capital Services Reports Positive Q2 Results, Receives 'Hold' Call from MarketsMOJO

Joindre Capital Services, a microcap finance company, has recently announced its financial results for the quarter ending September 2024. The company has received a 'Hold' call from MarketsMOJO, indicating a neutral stance on the stock.

According to the financials, Joindre Capital has shown a very positive performance in the second quarter of the fiscal year 2024-25. The company's score has improved from 25 to 28 in the last three months, indicating a positive trend.

One of the key factors contributing to this positive performance is the company's operating cash flow, which has been the highest at Rs 12.82 crore in the last three years. This shows that Joindre Capital has generated higher cash revenues from its business operations.

The company's net sales for the quarter have also been the highest at Rs 14.60 crore in the last five quarters, with a growth rate of 22.8% over the average net sales of the previous four quarters. This indicates a positive trend in the company's sales performance.

Joindre Capital's operating profit (PBDIT) for the quarter has been the highest at Rs 4.82 crore in the last five quarters, showing a positive trend in its operating efficiency. The operating profit margin has also been the highest at 33.01%, indicating an improvement in the company's efficiency.

The company's profit before tax (PBT) less other income for the quarter has been the highest at Rs 4.40 crore in the last five quarters, with a positive trend. Similarly, the profit after tax (PAT) for the quarter has been the highest at Rs 3.26 crore in the last five quarters, showing a positive trend in the company's profitability.

Joindre Capital has also shown an increase in its earnings per share (EPS) for the quarter, with the highest at Rs 2.36 in the last five quarters. This indicates that the company has created higher earnings for its shareholders.

The company's short-term liquidity has also improved, with the highest cash and cash equivalents at Rs 111.33 crore in the last six half-yearly periods. This shows that Joindre Capital has a strong financial position.

In addition, the company has been distributing higher dividends from its profits, with the highest dividend per share (DPS) at Rs 2.00 in the last five years. The dividend payout ratio (DPR) has also been the highest at 563.26% in the last five years, indicating that the company is distributing a higher proportion of its profits as dividends.

Overall, Joindre Capital Services has shown a positive financial performance in the quarter ending September 2024, with improvements in key financial indicators. Investors may consider holding the stock for now, as suggested by MarketsMOJO.