Muthoot Capital Services Reports Negative Financial Performance in Q1 FY25

Muthoot Capital Services, a microcap finance company, recently declared its financial results for the quarter ending June 2024. According to the latest report, the company has seen a negative financial performance with a score of -10, which has improved from -14 in the last three months.

One of the major factors contributing to this decline is the Profit Before Tax (PBT) less Other Income, which has fallen by -40.76% Year on Year (YoY) to Rs 14.33 crore. The near-term trend for PBT is also very negative. Similarly, the Profit After Tax (PAT) for the half-yearly period has also seen a decline of -48.57% YoY to Rs 22.48 crore. The near-term trend for PAT is also very negative.

In terms of sales, Muthoot Capital Services has reported a decline of -6.13% YoY in its Net Sales for the quarter, which stands at Rs 100.00 crore. The near-term trend for sales is also negative.

Based on these financial results, MarketsMOJO has given a ‘Strong Sell’ call for Muthoot Capital Services’ stock. The company’s performance in the quarter ending June 2024 has not been up to the mark, and the near-term trends also indicate a negative outlook. Investors are advised to exercise caution while considering this stock.