United Credit's Q1 financial report shows growth in profitability, but operating profit declines
United Credit, a microcap finance company, has recently announced its financial results for the quarter ended March 2024. The company's stock has been given a 'Sell' call by MarketsMOJO, indicating a potential decline in its value.
According to the financial report, United Credit's performance for the quarter has been flat, with a score of 0 out of 5. This is a decrease from the previous quarter's score of 5. However, there are some positive aspects to the company's financials.
The Profit After Tax (PAT) for the nine-month period ending in June 2024 has increased to Rs 1.38 crore, compared to the previous 12-month period's PAT of Rs 0.92 crore. This shows a growth in the company's profitability, as it has already surpassed its sales from the previous year in just nine months.
On the other hand, the Operating Profit (PBDIT) for the quarter has been the lowest in the last five quarters, at Rs 0.27 crore. This indicates a negative trend in the company's near-term operating profit.
Despite the mixed financial results, United Credit remains a microcap company in the finance industry. Investors should carefully consider the company's performance before making any investment decisions.
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