Starteck Finance Reports Strong Growth in Profit and Net Sales for Q1 2024

Starteck Finance, a microcap finance company, has recently announced its financial results for the quarter ended March 2024. The company has shown positive performance in this quarter, with its score increasing from 12 to 8 in the last three months.

One of the key highlights of the financial results is the significant growth in Profit After Tax (PAT) for the nine-month period, which has increased by 79.29% year on year. This is a strong indicator of the company's financial health and its ability to generate profits. The near-term trend for PAT is also very positive.

Another positive aspect of the financial results is the growth in Net Sales for the quarter, which has increased by 23.5% compared to the average Net Sales of the previous four quarters. This shows that the company is able to generate higher sales and is on a positive sales trend in the near term.

In addition, the company's PAT for the nine-month period is higher at Rs 13.62 crore compared to the preceding 12-month period ended March 2024, which was Rs 9.89 crore. This indicates that the company has already surpassed its sales for the previous 12 months in just nine months, which is a strong achievement.

Based on these financial results, MarketsMOJO has given a 'Sell' call for Starteck Finance's stock. However, it is important to note that this is not a recommendation and should not be considered as such. This article is purely based on the facts and figures provided by the company's financial results. Investors are advised to do their own research and analysis before making any investment decisions.