SBFC Finance Reports Strong Financial Performance, Receives 'Buy' Call from MarketsMOJO

SBFC Finance, a midcap finance company, has recently declared its financial results for the quarter ending September 2024. The company has received a 'Buy' call from MarketsMOJO, indicating a positive outlook for its stock.

According to the financials, SBFC Finance has shown a very positive performance in the second quarter of FY24-25. The company's score has improved from 21 to 22 in the last three months, indicating a strong growth trend.

One of the key factors contributing to this growth is the company's net sales, which have been consistently increasing each quarter for the past five quarters. In the latest quarter, the net sales reached a record high of Rs 314.22 crore, showcasing a very positive trend in the near term.

Similarly, the operating profit (PBDIT) has also been on a steady rise, reaching its highest at Rs 214.33 crore in the last quarter. This trend is expected to continue in the near term, as indicated by the company's financials.

The profit before tax (PBT) and profit after tax (PAT) have also shown a significant increase in the latest quarter, with the PBT growing at 23.1% and PAT growing at 25.1% over the average of the previous four quarters. This indicates a strong and positive trend in the company's profitability.

Furthermore, SBFC Finance has also shown an increase in its earnings per share (EPS), reaching its highest at Rs 0.78 in the last five quarters. This showcases the company's ability to generate higher earnings for its shareholders.

Overall, SBFC Finance has displayed a very positive financial performance in the latest quarter, with all key indicators showing a strong growth trend. With a 'Buy' call from MarketsMOJO, the company's stock is expected to perform well in the near future.