Sumedha Fiscal Services Reports Strong Q1 Results, Stock Receives 'Hold' Rating

Sumedha Fiscal Services, a microcap finance company, has recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Hold' call by MarketsMOJO.

According to the financial report, Sumedha Fiscal has shown a very positive performance in the quarter of June 2024. This is consistent with the company's performance in the last three months.

One of the key highlights of the financial report is the growth in Profit After Tax (PAT) for the half-yearly period. The company has recorded a PAT of Rs 3.78 crore, which is a significant increase of 200% compared to the same period last year. This shows a very positive trend in the company's profitability.

Another positive aspect of Sumedha Fiscal's financials is the growth in net sales for the quarter. The company has recorded a net sales of Rs 34.13 crore, which is a 42.6% increase over the average net sales of the previous four quarters. This indicates a very positive trend in the company's sales performance in the near term.

Moreover, the net sales for the quarter are the highest in the last five quarters, which further reinforces the positive sales trend for Sumedha Fiscal.

Overall, Sumedha Fiscal Services has shown a strong financial performance in the quarter ending March 2024. With a significant increase in PAT and net sales, the company is on a positive growth trajectory. Investors may want to consider holding onto their stocks in Sumedha Fiscal, as suggested by MarketsMOJO.