Sita Enterprises Reports Strong Financial Performance in Q1 FY25, PAT Increases by 140%

Sita Enterprises, a microcap finance company, has recently announced its financial results for the quarter ended Jun 2024. The company has shown a positive performance with a score of 7, an improvement from 5 in the last 3 months. This is a promising sign for the company’s growth in the near future.

One of the key highlights of the financial results is the significant growth in Profit After Tax (PAT) for the nine-month period, which has increased by 140.00% year on year. This is a clear indication of the company’s strong financial position and its ability to generate profits.

The company’s Operating Profit (PBDIT) for the quarter has also shown a positive trend, with the highest figure of Rs 1.26 crore in the last five quarters. This is a good sign for the company’s near-term performance.

Similarly, the Profit Before Tax less Other Income (PBT) for the quarter has also reached its highest figure of Rs 1.26 crore in the last five quarters. This shows a positive trend for the company’s near-term profitability.

Moreover, the company’s PAT for the nine-month period is higher at Rs 2.16 crore compared to the preceding 12-month period ended Jun 2024, which was Rs 2.10 crore. This indicates a strong growth in sales for the company in the nine-month period.

Overall, Sita Enterprises has shown a positive financial performance in the quarter ended Jun 2024, with promising growth in key areas. Based on these results, MarketsMOJO has given a ‘Hold’ call for the company’s stock. Investors can keep a close eye on the company’s future performance to make informed decisions.