Markobenz Ventures Reports Positive Financial Results for Q1 FY25, Despite Decline in EPS

Markobenz Ventures, a microcap textile company, has recently announced its financial results for the quarter ending March 2024. The company’s stock has been given a ‘Strong Sell’ call by MarketsMOJO.

According to the financial report, Markobenz Ventures has shown positive performance in the quarter, with a score of 13 compared to 15 in the previous 3 months. This indicates a slight decline, but the company’s financials are still on a positive trajectory.

One of the key factors contributing to this positive performance is the significant growth in net sales. In the first half of the year, the company’s net sales stood at Rs 27.55 crore, showing a staggering year-on-year growth of 2,754,999,900.00%. This is a very encouraging trend for the company.

Moreover, the company’s net sales for the first half of the year were higher than the entire previous 12-month period, which stood at Rs 11.36 crore. This shows that Markobenz Ventures has already surpassed its sales from the previous year in just six months.

The company has also shown a significant increase in its profit after tax (PAT) for the first half of the year, which stood at Rs 1.85 crore. This is higher than the PAT for the entire previous 12-month period, which was Rs 0.62 crore. This indicates a strong financial performance by the company.

Another positive aspect of the company’s financials is its debtors turnover ratio, which is at its highest in the last five half-yearly periods at 3.45 times. This shows that Markobenz Ventures has been able to settle its debtors at a faster rate, which is a good sign for the company.

However, the company’s earnings per share (EPS) for the quarter were at its lowest in the last five quarters, standing at Rs 0.31. This indicates a decline in profitability and lower earnings for shareholders.

Overall, Markobenz Ventures has shown a positive financial performance in the first half of the year, with strong growth in net sales and profit after tax. However, the decline in EPS is something that the company needs to address in order to maintain its positive trajectory.