Mukesh Babu Fin. Reports Mixed Results for Q1 2024, Hold Call by MarketsMOJO

May 23 2024 09:10 PM IST
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Mukesh Babu Financial Services has reported its financial results for the quarter ended March 2024, with a 'Hold' call from MarketsMojo. While net sales have shown a strong growth of 44.96% year on year, profit after tax and operating profit have declined, indicating areas for improvement. Investors are advised to hold their positions.

Mukesh Babu Financial Services, a microcap finance company, has recently declared its financial results for the quarter ended March 2024. According to the report, the company's stock has been given a 'Hold' call by MarketsMOJO.

The financial performance of Mukesh Babu Fin. for the quarter has remained flat, with a score of -4 compared to 3 in the previous quarter. However, there are some positive aspects to the company's performance. The net sales for the nine-month period have shown a growth of 44.96% year on year, indicating a strong sales trend in the near term.

On the other hand, there are some areas where the company needs to improve. The profit after tax for the quarter has fallen by -182.9% compared to the average of the previous four quarters. The operating profit for the quarter is also at its lowest in the last five quarters, and the operating profit margin has deteriorated. The profit before tax less other income is also at its lowest in the last five quarters, indicating a negative trend in the near term. The earnings per share have also declined, showing a decrease in profitability and lower earnings for shareholders.

Overall, the financial results for the quarter have been mixed for Mukesh Babu Financial Services. Investors are advised to hold their positions in the company's stock, as recommended by MarketsMOJO.
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