Share India Securities Reports Strong Financial Performance in Q1 FY25
Share India Securities, a midcap finance and NBFC company, has recently announced its financial results for the quarter ending March 2024. The results have been declared on July 25, 2024.
According to MarketsMOJO, a leading stock analysis platform, the stock call for Share India Securities is ‘Sell’. However, the company has shown positive financial performance in the quarter ending June 2024, with a score of 9 out of 10. This is a slight decrease from the previous quarter’s score of 10.
One of the key highlights of the financial results is the growth in net sales, which has increased by 49.36% year on year to reach Rs 414.18 crore. This indicates a strong sales trend in the near term for Share India Securities. Additionally, the company’s profit after tax (PAT) has also shown a positive growth of 25.2% year on year, reaching Rs 102.80 crore. This suggests a positive trend in the near term for the company’s profitability.
However, one area of concern for Share India Securities is the non-operating income, which has reached its highest in the last five quarters at Rs 6.72 crore. This increase in income from non-business activities may not be sustainable in the long term.
Overall, Share India Securities has shown a positive financial performance in the quarter ending June 2024, with strong growth in net sales and PAT. However, investors should keep an eye on the company’s non-operating income to ensure its sustainability.
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