Starteck Finance Reports Negative Performance in Q2, Receives 'Strong Sell' Rating

Starteck Finance, 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, Starteck Finance has seen a negative performance in the second quarter of the fiscal year 2024-2025. This trend has remained consistent over the past three months.

The company's Profit Before Tax (PBT) has fallen by 34.4% to Rs 2.79 crore, compared to the average PBT of the previous four quarters which was Rs 4.25 crore. This indicates a very negative trend in the near term. Similarly, the Net Sales have also decreased by 10.5% to Rs 8.43 crore, compared to the average Net Sales of the previous four quarters which was Rs 9.42 crore. The Profit After Tax (PAT) has also seen a decline of 6.3% to Rs 3.59 crore, compared to the average PAT of the previous four quarters which was Rs 3.83 crore. This shows a negative trend in the near term for PAT as well.

The company's Non-Operating Income has increased to Rs 1.28 crore, the highest in the last five quarters. However, experts believe that this increase in income from non-business activities may not be sustainable.

Overall, based on the financial results, it can be concluded that Starteck Finance has not performed well in the quarter ending September 2024. Investors are advised to be cautious and consider the 'Strong Sell' rating given by MarketsMOJO before making any investment decisions.