Quest Capital Reports Positive Financial Results for Q1 2024, Significant Growth in Key Areas

Quest Capital, a microcap finance company, has recently announced its financial results for the quarter ending March 2024. According to the data released on April 29, 2024, the company has shown a positive performance in this quarter. This is evident from the improvement in its score from -1 to 10 in the last three months.

The company's financials for the quarter have shown significant growth in key areas. The Profit Before Tax less Other Income (PBT) has increased by 262.1% to Rs 22.10 crore, compared to the average PBT of the previous four quarters at Rs 6.10 crore. This indicates a very positive trend in the near term for PBT.

Similarly, the Profit After Tax (PAT) has also shown a significant growth of 257.8% to Rs 17.31 crore, compared to the average PAT of the previous four quarters at Rs 4.84 crore. The Operating Profit (PBDIT) for this quarter is the highest in the last five quarters at Rs 22.10 crore, indicating a positive trend in the near term.

The company's focus on improving its profitability is evident from the fact that the PBT, PAT, and EPS (Earnings per Share) for this quarter are the highest in the last five quarters. This shows that Quest Capital has been successful in creating higher earnings for its shareholders.

Based on these financial results, MarketsMOJO has given a 'Sell' call for Quest Capital's stock. However, it is important to note that this article is based on fact-based information and does not include any external data or sources. It is intended to provide a neutral and informative tone for readers.