SMC Global Securities Reports Outstanding Financial Results, Receives 'Buy' Call from MarketsMOJO

SMC Global Securities, a smallcap company in the finance/NBFC industry, has recently declared its financial results for the quarter ending March 2024. The company has received a 'Buy' call from MarketsMOJO, indicating a positive outlook for its stock.

The financial performance of SMC Global Securities for the quarter has been outstanding, with a significant improvement in its score from 18 to 34 in the last three months. This is a testament to the company's strong performance and growth potential.

One of the key highlights of the financial results is the growth in Profit Before Tax (PBT) less Other Income, which has increased by 85% to Rs 84.53 crore compared to the average PBT of the previous four quarters. This trend is expected to continue in the near term, indicating a positive outlook for the company.

Similarly, the Profit After Tax (PAT) has also shown a significant growth of 84.8% to Rs 66.01 crore, compared to the average PAT of the previous four quarters. This is a clear indication of the company's strong financial performance and its ability to generate higher profits.

The company's net sales have also seen a positive trend, with a growth of 42.3% to Rs 509.68 crore compared to the average net sales of the previous four quarters. This is a result of the company's consistent growth in each quarter, showcasing its strong market presence and potential for future growth.

SMC Global Securities has also shown an improvement in its operating profit margin, which has reached a high of 27.23% in the last five quarters. This indicates an increase in the company's efficiency and its ability to generate higher profits.

Furthermore, the company's earnings per share (EPS) have also seen a significant growth, reaching a high of Rs 6.30 in the last five quarters. This is a positive sign for shareholders, as it shows the company's ability to create higher earnings.

Overall, SMC Global Securities has delivered a strong financial performance in the quarter ending March 2024, with positive trends in key financial indicators. With a 'Buy' call from MarketsMOJO, the company's stock is expected to perform well in the near future.