MSTC's Q1 results show significant improvement, highest PBT and PAT in 5 quarters.

MSTC, a midcap trading company, has recently declared its financial results for the quarter ended June 2024. The company has shown a positive performance in this quarter, with a significant improvement in its financial score from -12 to 8 in the last three months.

One of the key highlights of the financial results is the growth in Profit Before Tax less Other Income (PBT) by 94.2% to Rs 62.94 crore, compared to the average PBT of the previous four quarters at Rs 32.41 crore. This indicates a very positive trend in the near term for the company. Additionally, the Operating Profit (PBDIT) for this quarter is the highest in the last five quarters at Rs 70.89 crore, showing a positive trend in the near term.

The company's efficiency has also improved, with the Operating Profit Margin for this quarter being the highest in the last five quarters at 37.41%. Moreover, the PBT and PAT (Profit After Tax) for this quarter are also the highest in the last five quarters, at Rs 62.94 crore and Rs 61.90 crore respectively. This shows a positive trend in the near term for both PBT and PAT.

However, one area of concern for MSTC is its Debtors Turnover Ratio, which is the lowest in the last five half yearly periods at 1.45 times. This indicates a slower pace in settling its debtors.

Overall, MSTC has shown a positive financial performance in the quarter ended June 2024, with a strong growth in key financial indicators. Based on this, MarketsMOJO has given a 'Hold' call for the company's stock.