SG Finserve Reports Strong Financial Results for Q1 2024, Highest Net Sales in 5 Quarters
SG Finserve, a smallcap finance company, has recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Sell' call by MarketsMOJO, but the financials for this quarter show a strong performance.According to the financial report, SG Finserve's net sales for the quarter have grown by 112.60% year on year, reaching Rs 58.55 crore. This is the highest net sales the company has seen in the last five quarters, and the trend is expected to continue in the near term.
The company's operating profit (PBDIT) for the quarter is also at its highest, reaching Rs 52.68 crore. This is a positive trend as the company has seen growth in operating profit each quarter in the last five quarters.
SG Finserve's profit before tax less other income (PBT) for the quarter is also at its highest, reaching Rs 31.91 crore. This is a 70.28% increase from the same quarter last year, showing a very positive trend in the company's near term PBT.
The company's profit after tax (PAT) for the quarter is also at its highest, reaching Rs 23.80 crore. This is a 69.4% increase from the same quarter last year, indicating a strong performance in the near term.
In addition, SG Finserve's earnings per share (EPS) for the quarter is at its highest, reaching Rs 4.33. This shows an increasing profitability for the company and higher earnings for shareholders.
Overall, SG Finserve has shown outstanding financial performance in the quarter ending March 2024, with positive trends in net sales, operating profit, PBT, PAT, and EPS. This is a promising sign for the smallcap finance company and its investors.
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