Standard Capital Markets Reports Strong Sales and Profit Growth in Q1 FY25

Standard Capital Markets, a microcap finance company, has recently announced its financial results for the quarter ended June 2024. The company has shown positive performance in terms of net sales and profit after tax (PAT) for the first half of the year.

According to the financial report, the company’s net sales for the half-yearly period have grown by 112.23% compared to the same period last year. This indicates a strong sales trend for the company. Similarly, the PAT for the nine-month period has also shown a significant growth of 77.98% compared to the previous year.

Moreover, the company’s PAT for the nine-month period is higher than the preceding 12-month period, indicating a strong growth trajectory. In fact, the company has already surpassed its sales for the previous 12 months in just nine months.

However, the company’s earnings per share (EPS) for the quarter have declined to Rs 0.01, the lowest in the last five quarters. This could be a cause for concern as it indicates a decline in profitability and lower earnings for shareholders.

Despite this, MarketsMOJO has given a ‘Sell’ call for Std. Capital Mkt’s stock. The company’s overall financial performance for the quarter has been positive, but investors should carefully consider all factors before making any investment decisions.