Jhaveri Credits & Capital Reports Strong Financial Performance in Q1 2024.

Jhaveri Credits & Capital, a microcap finance company, has recently announced its financial results for the quarter ended June 2024. The company has shown a positive performance in this quarter, with a significant improvement in its score from -3 to 14 in the last three months.

One of the key highlights of the financial results is the growth in Profit After Tax (PAT) for the nine-month period, which has increased by 143.75% year on year. This is a very positive trend for the company and indicates its strong financial position.

Another positive aspect is the growth in Net Sales for the half-yearly period, which has increased by 50.26% year on year. This shows a strong sales trend in the near term for Jhaveri Credits.

Moreover, the company has also surpassed its sales for the previous twelve months in just the first half of the year, with Net Sales of Rs 17.16 crore compared to Rs 13.06 crore in the preceding 12-month period ended June 2024.

Similarly, the company has also shown a higher PAT of Rs 2.34 crore for the nine-month period compared to Rs 1.30 crore in the preceding 12-month period ended June 2024. This indicates a strong growth in profits for Jhaveri Credits.

However, despite the positive financial performance, MarketsMOJO has given a 'Strong Sell' call for the company's stock. This could be due to various factors such as market conditions, industry trends, and other external factors.

Overall, Jhaveri Credits & Capital has shown a strong financial performance in the quarter ended June 2024, with significant growth in PAT and Net Sales. However, investors should consider all factors before making any investment decisions.