Joindre Capital Services Reports Outstanding Q1 Results, Highest Net Sales in 5 Quarters

Joindre Capital Services, a microcap finance company, has recently declared its financial results for the quarter ended March 2024. The company has shown an outstanding performance in this quarter, with a significant improvement in its financial score from 22 to 34 in just three months.

According to the financial report, Joindre Capital's Profit Before Tax less Other Income (PBT) for the quarter was Rs 3.92 crore, which is a growth of 120.5% compared to the average PBT of the previous four quarters. The Profit After Tax (PAT) for the quarter was Rs 2.92 crore, showing a growth of 125.9% over the average PAT of the previous four quarters. The company's Net Sales for the quarter were at Rs 13.41 crore, which is the highest in the last five quarters and has shown a growth trend in each quarter. The Operating Profit (PBDIT) for the quarter was also the highest at Rs 4.24 crore, with a positive trend in each quarter.

The company's efficiency has also improved, with the Operating Profit Margin being the highest at 31.62% in the last five quarters. However, the Earnings per Share (EPS) for the quarter were the lowest at Rs -2.96, indicating a decline in profitability and lower earnings for shareholders.

MarketsMOJO has given a 'Hold' call for Joindre Capital's stock based on its financial performance in the quarter. The company's near-term trends for PBT, PAT, and Net Sales are very positive, making it a promising investment option in the finance/NBFC industry.