Standard Capital Markets Reports Mixed Performance in Q2 FY25

Standard Capital Markets, a microcap finance company, recently announced its financial results for the quarter ending September 2024. The company’s stock has been given a ‘Strong Sell’ rating by MarketsMOJO.

According to the financial report, Standard Capital Markets has seen a flat performance in the second quarter of the fiscal year 2024-2025. The company’s score has fallen from 10 to -4 in the last three months.

However, there are some positive aspects to the company’s financials. The net sales for the quarter were at Rs 9.68 crore, showing a growth of 28.7% compared to the average net sales of the previous four quarters. The near-term sales trend is also positive. Additionally, the operating profit for the quarter was the highest in the last five quarters at Rs 8.98 crore, indicating a positive trend in the near term.

On the other hand, there are some areas of concern for Standard Capital Markets. The profit before tax less other income (PBT) for the quarter was at Rs -0.92 crore, which is a decrease of 133.3% compared to the average PBT of the previous four quarters. The profit after tax (PAT) for the quarter was also negative at Rs -0.51 crore, showing a decline of 120.2% compared to the average PAT of the previous four quarters. The PBT for the quarter was the lowest in the last five quarters, and the near-term trend is negative. The earnings per share (EPS) for the quarter were also at its lowest in the last five quarters, indicating a decline in profitability and lower earnings for shareholders.

Overall, Standard Capital Markets has shown a mixed performance in the recent quarter, with some positive and negative aspects. Investors should carefully consider these factors before making any investment decisions.