Standard Capital Markets Reports Strong Financial Performance in Q1 2024

Standard Capital Markets, a microcap finance company, has recently announced its financial results for the quarter ending March 2024. The company has shown a very positive performance in this quarter, with a score of 22 out of 20, an improvement from the previous quarter.

According to the financials, Standard Capital Markets has seen a significant growth in its net sales, which have increased by 154.71% year on year. This is a very positive trend for the company. The profit after tax (PAT) has also shown a growth of 196.24% year on year, indicating a strong financial performance.

In terms of quarterly results, the company's profit before tax (PBT) has grown by 94.1% over the average PBT of the previous four quarters. This is a very positive trend in the near term. The operating profit (PBDIT) for the quarter is also the highest in the last five quarters, showing a positive trend in the near term.

However, the company's earnings per share (EPS) for the quarter have declined, with the lowest value of Rs 0.02 in the last five quarters. This indicates a decline in profitability and lower earnings for shareholders.

Based on these financials, MarketsMOJO has given a 'Sell' call for Standard Capital Markets' stock. Investors should carefully consider these financials before making any investment decisions.