Last Mile Enterprises Reports Strong Financial Performance in Sep 2024 Quarter
Last Mile Enterprises, a microcap finance company, has recently announced its financial results for the quarter ending September 2024. The company has shown outstanding performance in this quarter, with a significant improvement in its financial score from 3 to 30 in the last three months.
According to the Sep 2024 financials, Last Mile Enterprises has seen a growth of 871.2% in its Profit Before Tax (PBT) less Other Income, which stands at Rs 7.23 crore. This is a positive trend for the company in the near term. Similarly, the Profit After Tax (PAT) has also shown a growth of 519.1% at Rs 9.55 crore, indicating a very positive trend in the near term.
The company's Operating Profit (PBDIT) for this quarter is the highest in the last five quarters at Rs 7.77 crore, showing a positive trend in the near term. The Operating Profit Margin has also improved to 24.51%, indicating an increase in the company's efficiency.
Last Mile Enterprises has also shown a positive trend in its Profit Before Tax less Other Income (PBT) and Profit After Tax (PAT) in the last five quarters, with the highest figures at Rs 7.23 crore and Rs 9.55 crore respectively. The company's Earnings per Share (EPS) for this quarter is also the highest in the last five quarters at Rs 3.49, showcasing an increase in profitability and higher earnings for shareholders.
However, the company's Net Sales for this quarter has fallen by -8.4% at Rs 31.70 crore, compared to the average Net Sales of the previous four quarters at Rs 34.61 crore. This indicates a negative trend in the near term for the company's sales.
In conclusion, Last Mile Enterprises has shown a strong financial performance in the quarter ending September 2024, with positive trends in its profitability and efficiency. However, the company's sales have seen a decline, which could be an area of concern for investors. MarketsMOJO has given a 'Sell' call for the company's stock based on these financial results.
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