Moongipa Capital Finance Reports Strong Q1 Results, Indicating Positive Growth Trend

Moongipa Capital Finance, a microcap finance company, has recently announced its financial results for the quarter ended June 2024. The company has shown a positive performance in this quarter, with its score improving from 7 to 16 in the last 3 months, according to MarketsMOJO.

One of the key highlights of the financial results is the significant growth in net sales, which has increased by 383.21% year on year to reach Rs 6.33 crore. This indicates a very positive sales trend for the company. Additionally, the profit before tax less other income (PBT) for the quarter has also shown a remarkable growth of 215.9% compared to the average PBT of the previous four quarters, reaching Rs 1.24 crore. This suggests a positive near-term trend for PBT.

Moreover, Moongipa Capital has also achieved its highest operating profit (PBDIT) in the last five quarters, at Rs 1.25 crore. This indicates a positive near-term trend for operating profit. Similarly, the company has also recorded its highest PBT and PAT (profit after tax) in the last five quarters, at Rs 1.24 crore and Rs 1.01 crore respectively. This shows a positive near-term trend for both PBT and PAT.

Furthermore, the earnings per share (EPS) for the quarter have also reached its highest at Rs 3.31 in the last five quarters. This indicates an increasing profitability for the company, creating higher earnings for its shareholders.

Overall, Moongipa Capital Finance has shown a strong financial performance in the quarter ended June 2024, with positive trends in key financial indicators. This reflects the company's growth and potential in the finance/NBFC industry, making it a stock to watch out for.