Fedbank Financial Services reports positive financial results for Q1 FY25

Fedbank Financial Services, a smallcap finance company, has recently declared its financial results for the quarter ending June 2024. According to the latest report, the company has shown positive performance in terms of profitability and sales.

The company’s Profit After Tax (PAT) for the quarter was at its highest at Rs 70.23 crore, showing a growth trend in each of the last five quarters. This indicates a positive near-term trend for the company’s profitability.

In terms of sales, Fedbank Financial Services recorded its highest Net Sales of Rs 477.31 crore in the last five quarters, with a positive trend in the near term. The company’s Net Sales have also grown at a rate of 21.1% over the average Net Sales of the previous four quarters, which is a positive sign for its sales performance.

The company’s Operating Profit (PBDIT) for the quarter was also at its highest at Rs 293.36 crore, showing a positive trend in the near term. Similarly, the Profit Before Tax less Other Income (PBT) was also at its highest at Rs 79.95 crore, indicating a positive trend in the near term.

Fedbank Financial Services has also shown an increase in its Earnings per Share (EPS) for the quarter, with the highest at Rs 1.89 in the last five quarters. This shows that the company has been able to create higher earnings for its shareholders.

Based on these financial results, MarketsMOJO has given a ‘Hold’ call for Fedbank Financial Services’ stock. With a score of 15, the company has shown improvement from its previous score of 11 in the last three months. Overall, the company’s financial performance for the quarter ending June 2024 has been positive, indicating a promising future for Fedbank Financial Services in the finance/NBFC industry.