Joindre Capital Services Reports Strong Financial Performance in Q4 2023

Joindre Capital Services, a microcap finance company, has recently announced its financial results for the quarter ending December 2023. According to the data released on February 14, 2024, the company has shown a very positive performance with a score of 22, which is a significant improvement from the previous score of 8 in the last three months.

One of the key highlights of the financial report is the increase in net sales, which has reached its highest at Rs 10.84 crore in the last five quarters. This shows a positive trend in the company's sales performance in the near term. Additionally, the net sales have grown by 38.7% over the average net sales of the previous four quarters, which were at Rs 7.82 crore.

The operating profit (PBDIT) for the quarter has also seen a significant increase, reaching its highest at Rs 2.69 crore in the last five quarters. This indicates a positive trend in the company's operating profit in the near term. Similarly, the profit before tax less other income (PBT) has also shown a positive trend, reaching its highest at Rs 2.49 crore in the last five quarters.

The company's profit after tax (PAT) has also seen a significant increase, reaching its highest at Rs 1.86 crore in the last five quarters. This shows a positive trend in the company's profitability in the near term. The earnings per share (EPS) have also reached its highest at Rs 1.34 in the last five quarters, indicating an increase in profitability and higher earnings for shareholders.

Based on the financial performance of Joindre Capital Services in the quarter ending December 2023, MarketsMOJO has given a 'Hold' call for the company's stock. With the positive trends in sales, operating profit, and profitability, the company is on a strong footing and is expected to continue its growth in the future.