Northern ARC Capital Reports Strong Financial Performance in Q2 2024, Receives 'Hold' Call from MarketsMOJO
Northern ARC Capital, a smallcap finance company, has recently announced its financial results for the quarter ended September 2024. The company has received a 'Hold' call from MarketsMOJO, a leading financial analysis platform.
According to the financial report, Northern ARC has shown positive performance in the second quarter of the fiscal year 2024-2025. The company's score has improved from 6 to 14 in the last three months, indicating a strong growth trend.
One of the key factors contributing to this positive performance is the company's net sales, which have been consistently growing in the last five quarters and reached a record high of Rs 573.20 crore in the September 2024 quarter. This trend is expected to continue in the near term, indicating a strong sales outlook for the company.
Similarly, Northern ARC's operating profit (PBDIT) has also shown a consistent growth trend in the last five quarters, reaching a high of Rs 357.35 crore in the September 2024 quarter. This indicates a strong operational performance by the company.
Moreover, the company's profit before tax (PBT) has also shown a significant growth of 54.8% over the average PBT of the previous four quarters, reaching Rs 149.79 crore in the September 2024 quarter. This trend is expected to continue in the near term, indicating a positive outlook for the company's profitability.
In terms of net profit, Northern ARC has shown a growth of 48.3% over the average profit after tax (PAT) of the previous four quarters, reaching Rs 112.13 crore in the September 2024 quarter. This indicates a strong financial performance by the company.
However, one area of concern for Northern ARC is its earnings per share (EPS), which has been declining and reached a low of Rs 6.95 in the September 2024 quarter. This indicates a lower profitability for the company and is something that investors should keep an eye on.
Overall, Northern ARC's financial results for the September 2024 quarter have been positive, with strong growth in key areas such as net sales, operating profit, and profit before tax. This, coupled with a 'Hold' call from MarketsMOJO, makes Northern ARC a company to watch out for in the finance/NBFC industry.
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