Jhaveri Credits & Capital Reports Mixed Financial Results for Q1 2024
Jhaveri Credits & Capital, a microcap finance company, has reported a flat performance for the quarter ended March 2024 with a score of -3. However, the company's Profit After Tax for the half-yearly period has increased, indicating growth in profits. On the other hand, Net Sales have declined by -44.80%, leading to a 'Sell' call by MarketsMojo.
Jhaveri Credits & Capital, a microcap finance company, has recently announced its financial results for the quarter ended March 2024. The company has reported a flat performance for the quarter, with a score of -3 compared to 14 in the previous quarter.
Despite this, there are some positive aspects to the company's financials. The Profit After Tax (PAT) for the half-yearly period is higher at Rs 1.41 crore, compared to the preceding 12 months ended March 2024, which was Rs 1.30 crore. This indicates a growth in profits for the company.
However, there are also some concerning factors in the financials. The Net Sales for the half-yearly period is at Rs 6.32 crore, showing a decline of -44.80% compared to the same period last year. This suggests a negative trend in sales for the company in the near term.
MarketsMOJO, a leading stock analysis platform, has given a 'Sell' call for Jhaveri Credits based on their financial performance. Investors should carefully consider these factors before making any investment decisions.
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