Satin Creditcare Network's Q2 financials show decline in key areas

Satin Creditcare Network, a smallcap finance company, recently declared 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, Satin Creditcare has seen a negative performance in the second quarter of the fiscal year 2024-25. The company's score has fallen from 9 to -11 in the last three months.

However, there are some positive aspects in the financials for the company. The net sales for the quarter were the highest in the last five quarters at Rs 656.90 crore, indicating a positive trend in sales.

On the other hand, there are some concerning factors as well. The profit before tax less other income (PBT) for the quarter has fallen by 59.2% compared to the average PBT of the previous four quarters. The same trend can be seen in the profit after tax (PAT) which has fallen by 60.6% compared to the average PAT of the previous four quarters.

The company's operating cash flow has also been on a decline, with the lowest being at Rs -2,068.89 crore in the last three years. This indicates a decrease in cash revenues from business operations.

The operating profit margin for the quarter was the lowest in the last five quarters at 50.81%, showing a deterioration in the company's efficiency. The operating profit (PBDIT) for the quarter was also the lowest in the last five quarters at Rs 333.80 crore.

The earnings per share (EPS) for the quarter were the lowest in the last five quarters at Rs 4.06, indicating a decline in profitability and lower earnings for shareholders.

Overall, Satin Creditcare's financial performance for the quarter ending September 2024 has been negative, with some concerning trends in key areas. Investors should carefully consider these factors before making any investment decisions.