SG Finserve Reports Positive Financial Performance in Q2 2024

Jul 10 2024 05:45 PM IST
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SG Finserve, a smallcap finance company, has reported positive financial results for the quarter ending June 2024. Net sales have increased by 24.97% year on year, reaching Rs 43.54 crore, while PBT and PAT have also shown growth. However, MarketsMojo has given a 'Strong Sell' call for the company's stock.
SG Finserve, a smallcap finance company, has recently announced its financial results for the quarter ending June 2024. The company has shown positive performance in this quarter, with a score of 19, compared to 34 in the previous quarter.

One of the key highlights of the financial report is the growth in net sales, which has increased by 24.97% year on year, reaching Rs 43.54 crore. This indicates a positive trend in the company's sales in the near term.

Another positive aspect is the growth in Profit Before Tax less Other Income (PBT), which has increased by 20.62% year on year, reaching Rs 25.21 crore. This shows a positive trend in the company's profitability in the near term.

The company's Profit After Tax (PAT) has also shown a growth of 24.0% year on year, reaching Rs 19.39 crore. This further reinforces the positive trend in the company's financial performance.

However, it is important to note that MarketsMOJO has given a 'Strong Sell' call for SG Finserve's stock. This could be due to various factors and investors are advised to do their own research before making any investment decisions.

Overall, SG Finserve has shown a positive financial performance in the quarter ending June 2024, with growth in net sales, PBT, and PAT. Investors should keep an eye on the company's future financial reports to track its progress.
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