Capital Small Finance Bank Reports Flat Performance in Q1 2024
Capital Small Finance Bank has reported a flat performance in the quarter ending March 2024, with a score of 0 compared to -1 in the previous quarter. While the bank has shown a positive trend in sales, there are concerns about its high non-operating income and declining profitability. MarketsMojo has given a 'Hold' call for the stock.
Capital Small Finance Bank, a smallcap private bank, has recently announced its financial results for the quarter ending March 2024. According to the latest report, the bank has shown a flat performance in this quarter, with a score of 0 compared to -1 in the previous quarter.
Despite the overall flat performance, there are some positive aspects to note from the financials. The bank has recorded the highest interest earned in the last five quarters, with a growth in each quarter. This indicates a positive trend in sales in the near term.
However, there are also some areas of concern for Capital Small. The non-operating income for this quarter is 54.58% of the profit before tax, which suggests that the bank's income from non-business activities is high. This may not be a sustainable business model in the long run.
Moreover, the earnings per share for this quarter are the lowest in the last five quarters, indicating a decline in profitability and lower returns for shareholders. Additionally, the non-operating income for this quarter is the highest in the last five quarters, which may not be sustainable.
Based on these financial results, MarketsMOJO has given a 'Hold' call for Capital Small's stock. It is important for investors to carefully analyze the company's financials and make informed decisions before investing in the stock.
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