Morgan Ventures Reports Strong Q1 FY25 Financial Results, Surpasses Sales Targets

Morgan Ventures, a microcap finance company, has recently announced its financial results for the quarter ending June 2024. The company has shown a very positive performance with a score of 21, which is an improvement from the previous quarter’s score of 28.

One of the key highlights of the financial report is the significant growth in net sales, which has increased by 420.12% year on year. This is a clear indication of the company’s strong sales trend. Additionally, the profit after tax (PAT) for the quarter has also shown a remarkable growth of 279.5% year on year, further strengthening the company’s financial position.

In fact, Morgan Ventures has already surpassed its sales for the previous twelve months in just the first half of the year, with net sales of Rs 16.80 crore. The PAT for the quarter, which stands at Rs 5.01 crore, is also the highest in the last five quarters, indicating a positive trend in the near term.

The company’s earnings per share (EPS) for the quarter also saw a significant increase, reaching Rs 5.04, which is the highest in the last five quarters. This shows that Morgan Ventures has been able to generate higher earnings for its shareholders, showcasing its profitability.

However, the company’s non-operating income for the quarter is 33.99% of the profit before tax (PBT), which is a cause for concern. This indicates that a significant portion of the company’s income is coming from non-business activities, which may not be a sustainable business model.

Overall, Morgan Ventures has shown a strong financial performance in the quarter ending June 2024. With a ‘Hold’ call from MarketsMOJO, investors may want to keep an eye on the company’s future financial reports to make informed investment decisions.