Share India Securities Reports Strong Financial Performance in Q1 2024

May 10 2024 06:00 PM IST
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Share India Securities, a midcap finance and NBFC company, has reported a positive financial performance for the quarter ending March 2024. The company's PAT has grown by 27.95% year on year and net sales have reached their highest in the last five quarters. MarketsMojo has given a 'Hold' call for the stock.
Share India Securities Reports Strong Financial Performance in Q1 2024
Share India Securities, a midcap finance and NBFC company, has recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Hold' call by MarketsMOJO. According to the financial report, Share India Securities has shown a positive performance in the last quarter of March 2024. The company's score has improved from 13 to 10 in the last three months. One of the key factors contributing to this positive performance is the company's Profit After Tax (PAT) for the nine-month period, which has grown by 27.95% year on year, reaching Rs 343.93 crore. The near-term trend for PAT is also positive. In terms of net sales, Share India Securities has recorded its highest quarterly sales in the last five quarters, reaching Rs 465.37 crore. This is a growth of 36.58% year on year. The near-term trend for net sales is also positive. Overall, Share India Securities has shown a strong financial performance in the last quarter, with both PAT and net sales showing positive growth. Investors may want to consider the 'Hold' call given by MarketsMOJO and keep an eye on the company's future financial reports.
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