SG Mart's Q4 financial results show impressive growth, but concerns remain over non-operating income

SG Mart, a smallcap textile company, has recently declared its financial results for the quarter ending March 2024. The company has shown an outstanding performance with a score of 30, which is an improvement from the previous quarter's score of 29.

One of the key highlights of the financial results is the significant growth in net sales, which has increased by 653.65% year on year to reach Rs 1,136.96 crore. This indicates a very positive sales trend for the company in the near term.

Another positive aspect is the growth in Profit Before Tax (PBT) less Other Income, which has increased by 868.42% year on year to reach Rs 16.56 crore. This shows a very positive trend in PBT for the company in the near term.

The company has also shown a remarkable growth in Profit After Tax (PAT), which has increased by 2028.9% year on year to reach Rs 27.25 crore. This indicates a very positive trend in PAT for the company in the near term.

However, one area of concern for SG Mart is its Non Operating Income, which is 55.50% of its PBT. This means that a significant portion of the company's income is coming from non-business activities, which may not be a sustainable business model in the long run.

Overall, SG Mart has shown a strong financial performance in the quarter ending March 2024. MarketsMOJO has given a 'Hold' call for the company's stock, indicating a neutral stance. Investors should keep an eye on the company's future financial results to make informed decisions.