Motor & General Finance Reports Mixed Q2 Results, PAT Shows Significant Growth

Nov 14 2024 05:27 PM IST
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The company's PAT has shown significant growth, but its cash and cash equivalents have decreased, indicating potential liquidity issues.
Motor & General Finance, a microcap finance company, recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Strong Sell' call by MarketsMOJO.

According to the financial report, Motor & General Finance has seen a flat performance in the second quarter of the fiscal year 2024-25. The company's score has fallen from 10 to 4 in the last three months.

However, there are some positive aspects to the company's financials. The Profit After Tax (PAT) for the nine-month period has shown a significant growth of 190.39% year on year, standing at Rs 2.07 crore. This trend is a positive sign for the company.

Moreover, the PAT for the nine-month period is higher at Rs 2.07 crore compared to the preceding 12-month period ended September 2024, which was at Rs -2.27 crore. This indicates that the company has already surpassed its sales from the previous year in just nine months.

On the other hand, the company's cash and cash equivalents for the half-yearly period are at its lowest at Rs 0.21 crore in the last six half-yearly periods. This shows a deterioration in short-term liquidity for the company.

Overall, Motor & General Finance's financial performance for the quarter ending September 2024 has been mixed. Investors should carefully consider these factors before making any investment decisions.
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