Standard Capital Markets Reports Record Sales Amidst Declining Profitability Challenges

Feb 07 2025 10:04 AM IST
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Standard Capital Markets has announced its financial results for the quarter ending December 2024, showcasing record net sales of Rs 20.35 crore. However, the company faces significant profitability challenges, with both profit before tax and profit after tax reaching their lowest levels in five quarters, indicating a complex performance landscape.
Standard Capital Markets has recently reported its financial results for the quarter ending December 2024, revealing a complex picture of performance within the finance/NBFC sector. The company recorded net sales of Rs 20.35 crore, reflecting a significant growth compared to the average net sales of the previous four quarters. This marks the highest quarterly sales figure in the last five quarters, indicating a positive near-term sales trend.

However, the financial results also highlight substantial challenges. The profit before tax less other income (PBT) and profit after tax (PAT) figures have shown considerable declines, with PBT at Rs -37.63 crore and PAT at Rs -44.93 crore, both representing the lowest levels in the last five quarters. These figures suggest a negative trend in profitability, with operating profit margins also reaching a low of -112.04%.

In light of these developments, Standard Capital Markets has experienced an adjustment in its evaluation, with its score shifting to 0 from -4 over the past three months. This revision reflects the contrasting dynamics of sales growth and profitability challenges faced by the company.

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