LKP Finance Reports Positive Q1 Results, But Room for Improvement in PBT and PAT

LKP Finance, a microcap finance company, has recently announced its financial results for the quarter ending March 2024. According to the data released on April 26, 2024, the company has seen a positive performance in this quarter. However, the stock call by MarketsMOJO for LKP Finance is 'Hold'.

The company's score has fallen from 18 to 13 in the last three months, indicating a slight decline in its overall performance. Despite this, there are some positive aspects to LKP Finance's financials for the quarter. The net sales for the quarter were Rs 22.96 crore, showing a growth of 37.2% compared to the average net sales of the previous four quarters, which were Rs 16.74 crore. This suggests a positive trend in the company's sales.

On the other hand, there are some areas that need improvement for LKP Finance. The profit before tax (PBT) less other income for the quarter was Rs 11.74 crore, which is a decrease of 18.8% compared to the average PBT of the previous four quarters, which was Rs 14.47 crore. The trend for PBT in the near term is negative. Similarly, the profit after tax (PAT) for the quarter was Rs 10.00 crore, a decrease of 14.0% compared to the average PAT of the previous four quarters, which was Rs 11.63 crore. The near term trend for PAT is also negative.

Overall, LKP Finance has shown a positive performance in terms of net sales, but there is room for improvement in its PBT and PAT. Investors are advised to hold their stocks for now, as per the recommendation by MarketsMOJO.