Satin Creditcare Network Shows Positive Growth in Q1 Financial Results

Satin Creditcare Network, a smallcap finance company, has recently announced its financial results for the quarter ended June 2024. The company has shown positive performance in this quarter, with a score of 9 out of 25, compared to its previous score of 25 in the last 3 months.

One of the key highlights of the financial results is the growth in net sales, which has increased by 42.99% year on year, reaching Rs 1,274.77 crore. This indicates a strong sales trend in the near term for the company. Additionally, the profit after tax (PAT) has also shown a positive growth of 25.22% year on year, reaching Rs 233.50 crore.

Another positive aspect of the financial results is the debt-equity ratio, which is at its lowest in the last five half yearly periods at 3.30 times. This shows that the company has been reducing its borrowing in comparison to its equity capital.

However, there are some areas that need improvement for Satin Creditcare. The operating cash flow for the company has been consistently falling in the last three years, with the latest figure at Rs -2,068.89 crore. This indicates a decline in cash revenues from business operations.

Moreover, the earnings per share (EPS) for the company in the last five quarters has been at its lowest at Rs 9.57. This shows a declining profitability and lower earnings for shareholders.

MarketsMOJO has given a 'Hold' call for Satin Creditcare's stock based on its financial performance in the quarter ended June 2024. Investors should carefully consider these financial results before making any investment decisions.