LKP Securities Shows Strong Financial Performance in Q3, Receives 'Hold' Rating from MarketsMOJO

LKP Securities, a microcap finance and non-banking financial company, has recently announced its financial results for the quarter ending December 2023. The company has shown a positive performance with a score of 8, a significant improvement from -11 in the last 3 months.

One of the key highlights of the financials is the growth in Profit Before Tax less Other Income (PBT) which has increased by 91.45% year on year. The company's net sales have also seen a positive trend, with the highest recorded at Rs 24.43 crore in the last five quarters. The operating profit (PBDIT) has also shown a positive trend, with the highest recorded at Rs 5.18 crore in the last five quarters. This has resulted in an improved operating profit margin of 21.20%.

The company's efficiency has also improved, as seen in the highest PBT and PAT (Profit After Tax) recorded in the last five quarters. However, one area of concern is the Debt-Equity Ratio, which has reached its highest at 0.60 times in the last five half-yearly periods. This indicates that the company is borrowing more to fund its operations, which may lead to a stressed liquidity situation.

MarketsMOJO has given a 'Hold' call for LKP Securities' stock, taking into consideration its financial performance and current market conditions. With a positive trend in its financials, LKP Securities is poised for growth in the near future.