Mangal Credit & Fincorp Reports Strong Financial Performance in Q1 FY25

Mangal Credit & Fincorp, a microcap finance company, has recently announced its financial results for the quarter ending June 2024. The company has received a ‘Hold’ call from MarketsMOJO, indicating a neutral stance on its stock.

According to the financial report, Mangal Credit has shown a very positive performance in the quarter, with a score of 25, which is an improvement from the previous score of 16 in the last three months. The company’s net sales for the quarter were at a record high of Rs 11.87 crore, and have been consistently growing each quarter for the past five quarters. This trend is expected to continue in the near term.

The operating profit (PBDIT) for the quarter was also at its highest at Rs 9.45 crore, and has shown growth in the last five quarters. Similarly, the profit before tax (PBT) has also seen a significant increase of 50% over the average PBT of the previous four quarters. The profit after tax (PAT) has also shown a growth of 42.2% over the average PAT of the previous four quarters.

The company’s operating profit margin for the quarter was at its highest at 79.61%, indicating an improvement in efficiency. The PBT and PAT for the quarter were also at their highest in the last five quarters, showing a positive trend in the near term. The earnings per share (EPS) for the quarter were also at its highest at Rs 1.92, indicating an increase in profitability and creating higher earnings for shareholders.

Overall, Mangal Credit & Fincorp has shown a strong financial performance in the quarter ending June 2024, with positive trends in net sales, operating profit, and profitability. This is a promising sign for the company and its shareholders.