Regent Enterprises Reports Strong Financial Performance in Q3 2024, PBT and PAT Show Significant Growth
Regent Enterprises, a microcap finance company, has reported a significant improvement in its financial performance for the quarter ending September 2024. The company's Profit Before Tax (PBT) and Profit After Tax (PAT) have increased by 2105.26% and 1172.7% respectively, while its Net Sales have grown by 40.71% year on year. However, the company's Operating Cash Flow and Cash and Cash Equivalents have shown a decline, indicating a need for improvement in its short term liquidity. MarketsMojo has given a 'Hold' call for the company's stock, based on its positive trend in the finance/NBFC industry.
Regent Enterprises, a microcap finance company, has recently announced its financial results for the quarter ending September 2024. The company has shown a very positive performance in this quarter, with a significant improvement in its financial score from 7 to 25 in the last 3 months.
According to the financial report, Regent Enterprises has seen a remarkable growth in its Profit Before Tax (PBT) by 2105.26% year on year, reaching Rs 4.19 crore. The Profit After Tax (PAT) has also shown a significant increase of 1172.7% year on year, amounting to Rs 4.20 crore. The company's Net Sales have grown by 40.71% year on year, reaching Rs 180.40 crore. This indicates a very positive trend in the company's near term financial performance.
Regent Enterprises has also shown a positive trend in its Operating Profit (PBDIT), with the highest value of Rs 4.35 crore in the last five quarters. The Operating Profit Margin has also improved, reaching its highest value of 2.41% in the last five quarters. This indicates an increase in the company's efficiency.
The company's profitability has also improved, with the highest values of PBT and PAT in the last five quarters. The Earnings per Share (EPS) have also increased, reaching its highest value of Rs 0.76 in the last five quarters. This shows that the company has created higher earnings for its shareholders.
However, there are some areas that need improvement for Regent Enterprises. The Operating Cash Flow has been the lowest in the last three years, indicating a decline in the company's cash revenues from business operations. The Cash and Cash Equivalents have also been the lowest in the last six half yearly periods, indicating a deterioration in the company's short term liquidity.
MarketsMOJO has given a 'Hold' call for Regent Enterprises' stock, based on its financial performance in the quarter ending September 2024. With a positive trend in its financials, Regent Enterprises is showing promising growth in the finance/NBFC industry as a microcap company.
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