Sainik Finance & Industries Reports Positive Q2 Results, Highest PAT in 5 Quarters

Nov 16 2024 05:01 PM IST
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Sainik Finance & Industries, a microcap finance company, reported a flat performance in Q2 FY24-25 with a score of 5. However, the company's Profit After Tax and Earnings per Share for the quarter were the highest in the last five quarters, indicating a positive trend. Cash and Cash Equivalents also improved, showing better short-term liquidity.
Sainik Finance & Industries, a microcap finance company, recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Strong Sell' rating by MarketsMOJO.

According to the financial report, Sainik Finance's performance for Q2 FY24-25 remained flat, with a score of 5 compared to -2 in the previous quarter. However, there have been some positive developments for the company in the last three months.

One of the highlights of the financials is the company's Profit After Tax (PAT) for the quarter, which stands at Rs 1.28 crore, the highest in the last five quarters. This indicates a positive trend in the near term for Sainik Finance. Additionally, the company's Earnings per Share (EPS) for the quarter is also at its highest in the last five quarters, at Rs 1.18. This shows that the company has been able to generate higher earnings for its shareholders.

Another positive aspect of the financials is the company's Cash and Cash Equivalents, which stands at Rs 5.69 crore for the half-yearly period. This is the highest in the last six half-yearly periods and indicates an improvement in the company's short-term liquidity.

Overall, Sainik Finance & Industries has shown a stable financial performance in the last quarter, with some positive developments. Investors should keep an eye on the company's future financial reports to track its progress.
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