Quest Capital Markets Reports Mixed Financial Results for Q1 FY25

Aug 12 2024 06:06 PM IST
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Quest Capital Markets, a microcap finance company, reported flat performance in the quarter ending June 2024 with a score of 3 compared to 11 in the previous quarter. However, the company's operating cash flow has consistently grown over the last three years and its net sales for the nine-month period were higher. Investors should carefully consider the company's financials before investing.

Quest Capital Markets, a microcap finance company, recently announced its financial results for the quarter ended June 2024. The company’s stock has been given a ‘Sell’ call by MarketsMOJO.

According to the financials, Quest Capital’s performance has remained flat in the quarter, with a score of 3 compared to 11 in the previous three months. However, there are some positive aspects to the company’s financials.


One of the key highlights is the company’s strong operating cash flow, which has been consistently growing over the last three years. In the last annual period, Quest Capital generated the highest operating cash flow of Rs 19.38 crore. Additionally, the company has also shown improvement in its short-term liquidity, with cash and cash equivalents reaching a high of Rs 29.69 crore in the last six half-yearly periods.


Moreover, Quest Capital’s net sales for the nine-month period ending June 2024 were higher at Rs 25.09 crore compared to the previous 12-month period of Rs 24.69 crore. This indicates a positive trend in the company’s sales performance.


However, there are some areas of concern for Quest Capital. The company’s profit after tax (PAT) for the quarter has fallen by 76.8% to Rs 1.17 crore compared to the average PAT of the previous four quarters, which was Rs 5.04 crore. This suggests a negative trend in the company’s near-term profitability.


Overall, Quest Capital’s financial performance for the quarter ending June 2024 has been mixed, with some positive and negative aspects. Investors should carefully evaluate the company’s financials before making any investment decisions.


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