PMC Fincorp Reports Outstanding Financial Results for Q2 2024

PMC Fincorp, a microcap finance company, has recently announced its financial results for the quarter ended June 2024. The company has shown outstanding performance with a score of 36, which is a significant improvement from the previous quarter's score of 26.

One of the key highlights of the financial report is the growth in net sales, which has increased by 165.13% year on year, reaching Rs 13.84 crore. This positive sales trend is a strong indicator of the company's growth potential.

The company's profit before tax less other income (PBT) has also shown a remarkable growth of 167.4% over the average PBT of the previous four quarters, reaching Rs 7.34 crore. This near-term trend in PBT is also very positive.

Similarly, the profit after tax (PAT) has seen a growth of 106.5% over the average PAT of the previous four quarters, reaching Rs 5.86 crore. This near-term trend in PAT is also very positive, indicating the company's strong financial performance.

PMC Fincorp has also generated a high operating cash flow of Rs 10.03 crore annually, which has grown each year in the last three years. This shows the company's ability to generate higher cash revenues from its business operations.

Moreover, the company's net sales for the half-yearly period have surpassed the sales of the previous 12 months, reaching Rs 13.84 crore compared to Rs 10.78 crore in the preceding 12-month period.

In terms of profitability, PMC Fincorp has shown a positive trend in its operating profit (PBDIT) and PBT, with the highest figures of Rs 7.52 crore and Rs 7.34 crore, respectively, in the last five quarters.

The company's earnings per share (EPS) have also increased, reaching the highest figure of Rs 0.11 in the last five quarters. This indicates the company's increasing profitability and its ability to create higher earnings for its shareholders.

Overall, PMC Fincorp's financial results for the quarter ended June 2024 have been impressive, with positive trends in key financial indicators. This showcases the company's strong performance and potential for growth in the finance industry.