SPS Finquest Reports Strong Financial Performance in Q1 FY25, PAT Increases by 181.78%

SPS Finquest, a microcap finance company, has recently announced its financial results for the quarter ended March 2024. The company has shown a positive performance in this quarter, with a significant improvement in its financial score from -6 to 6 in the last 3 months.

One of the key highlights of the quarter is the growth in Profit After Tax (PAT) which has increased by 181.78% year on year. This is a very positive trend for the company and indicates its strong financial performance. Moreover, the PAT for the half-yearly period stands at Rs 1.84 crore, which is higher than the preceding 12-month period ended in June 2024.

This quarter’s financial results show that SPS Finquest is on a steady growth trajectory. The company has already surpassed its PAT for the previous 12 months in just half a year, indicating its strong financial position. This is a testament to the company’s efficient management and strategic business decisions.

However, despite the positive financial performance, MarketsMOJO has given a ‘Strong Sell’ call for SPS Finquest’s stock. This could be due to various factors such as market conditions or the company’s valuation. It is important for investors to carefully consider all aspects before making any investment decisions.

Overall, SPS Finquest’s financial results for the quarter ended March 2024 reflect its strong performance and potential for growth in the finance/NBFC industry. With a microcap size, the company has shown promising results and is worth keeping an eye on in the future.