SMC Global Securities Shows Positive Performance in Q2, Net Sales Up by 28.23%

SMC Global Securities, a smallcap finance and non-banking financial company (NBFC), recently announced its financial results for the quarter ended September 2024. The company’s stock has been given a ‘Hold’ call by MarketsMOJO.

According to the financial report, SMC Global Securities has shown positive performance in the quarter, with a score of 10 out of 13. This is an improvement from the previous quarter’s score of 13. The company’s net sales for the half-yearly period have also seen a growth of 28.23% year on year, indicating a positive sales trend in the near term.

However, there are some areas that have not performed well for SMC Global Securities in the quarter. The Profit Before Tax (PBT) less Other Income has fallen by -10.9% compared to the average PBT of the previous four quarters. This shows a very negative trend in the near term. Similarly, the Profit After Tax (PAT) has also fallen by -13.8% compared to the average PAT of the previous four quarters, indicating a negative trend in the near term.

Despite these challenges, SMC Global Securities remains a strong player in the finance and NBFC industry. The company’s positive sales trend and overall financial performance in the quarter show its potential for growth and stability in the market. Investors are advised to hold their positions in the company’s stock and keep an eye on its future performance.