MKVentures Capital Reports Mixed Financial Results for Q1 2024
MKVentures Capital, a microcap finance company, recently announced its financial results for the quarter ending March 2024. According to the report released on May 30, 2024, the company's stock has been given a 'Hold' call by MarketsMOJO.
The company's financial performance for the quarter has remained flat, with a score of -5 compared to 2 in the previous quarter. However, there are some positive aspects to the report. MKVentures Capital has recorded the highest Profit After Tax (PAT) in the last five quarters, at Rs 5.90 crore. The company's Earnings per Share (EPS) have also increased, reaching a high of Rs 15.36 in the last five quarters. This indicates a positive trend in profitability and higher earnings for shareholders.
On the other hand, there are some areas of concern for MKVentures Capital. The company's Net Sales for the quarter have fallen by 18.2% compared to the average of the previous four quarters. The trend for near-term sales is also negative, with the lowest Net Sales of Rs 8.41 crore in the last five quarters. The Operating Profit (PBDIT) for the quarter has also decreased, reaching its lowest at Rs 7.81 crore in the last five quarters.
Overall, MKVentures Capital's financial results for the quarter ending March 2024 show a mixed performance. While there are some positive aspects, there are also areas that need improvement. Investors are advised to hold their stock and monitor the company's future performance closely.
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