Muthoot Capital Services Reports Negative Performance in Q1 2024 Financial Results

May 23 2024 08:45 PM IST
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The company's stock has been given a 'Strong Sell' rating by MarketsMojo due to its negative financial performance, with a decline in PBT, PAT, and Net Sales.

Muthoot Capital Services, a microcap finance company, recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Strong Sell' rating by MarketsMOJO.

According to the financial report, Muthoot Capital Services has seen a negative performance in the quarter, with a score of -14, which has improved from -18 in the last 3 months. This indicates a decline in the company's financial health.

One of the major factors contributing to this decline is the Profit Before Tax (PBT) less Other Income, which has fallen by 60.85% year on year to Rs 14.49 crore. The trend for PBT in the near term is also negative. Similarly, the Profit After Tax (PAT) has fallen by 55.0% year on year to Rs 11.68 crore, with a negative trend in the near term. The Net Sales have also seen a decline of 14.84% year on year to Rs 97.98 crore, with a negative trend in the near term.

Based on these financials, it is evident that Muthoot Capital Services has not performed well in the quarter ending March 2024. Investors should take note of these numbers before making any investment decisions.
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