Econo Trade India's Q1 FY25 Financial Results Show Mixed Performance, Net Sales and PAT See Growth

Econo Trade India, a microcap finance company, has recently declared its financial results for the quarter ended June 2024. The company’s stock has been given a ‘Hold’ call by MarketsMOJO.

According to the financial report, Econo Trade India has seen a flat performance in the quarter, with a score of 3 out of 10, compared to 8 in the previous quarter. However, there are some positive aspects to the company’s financials.

The net sales for the nine-month period have shown a growth of 47.04% year on year, reaching Rs 5.47 crore. This is a significant increase and the near-term sales trend is also positive. Additionally, the company has already surpassed its sales from the previous 12-month period.

The profit after tax (PAT) for the nine-month period is also higher at Rs 1.97 crore compared to the previous 12-month period of Rs 1.90 crore. This shows a strong financial performance and the company has already exceeded its profits from the previous year.

However, there are some areas that need improvement. The profit before tax (PBT) less other income for the quarter is at its lowest in the last five quarters, at Rs 0.54 crore. This shows a negative trend in the near term. The earnings per share (EPS) for the quarter is also at its lowest in the last five quarters, at Rs 0.22. This indicates a decline in profitability and lower earnings for shareholders.

Overall, Econo Trade India’s financial performance for the quarter ended June 2024 has been mixed. While there are some positive aspects, there are also areas that need improvement. Investors are advised to hold their stock and keep an eye on the company’s future financial reports.