PTC India Financial Services Reports Flat Performance in Q1 FY25

Jul 30 2024 09:00 PM IST
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PTC India Financial Services, a smallcap finance company, reported its financial results for the quarter ending June 2024. While the company's overall score improved slightly, its net sales saw a decline of 15.2% compared to the previous four quarters. Profit after tax also decreased by 20.39% in the first half of the year. MarketsMojo has given a 'Sell' call for the company's stock based on these financials.

PTC India Financial Services, a smallcap finance company, recently announced its financial results for the quarter ending June 2024. According to the latest report, the company’s performance has remained flat compared to the previous quarter, with a slight improvement in its overall score.

However, the company’s net sales for the quarter have seen a decline of 15.2% compared to the average net sales of the previous four quarters. This indicates a negative trend in the company’s near-term sales performance. Additionally, the company’s profit after tax (PAT) for the first half of the year has also decreased by 20.39% compared to the same period last year, further highlighting a negative trend in its near-term PAT performance.


Furthermore, PTC India Financial Services’ net sales for the quarter were the lowest in the last five quarters, indicating a negative trend in its sales performance. Based on these financials, MarketsMOJO has given a ‘Sell’ call for the company’s stock.


It is important to note that this article is based on factual information and does not include any external data or sources. It is intended to provide a neutral and informative overview of PTC India Financial Services’ financial performance for the quarter ending June 2024.


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