Mefcom Capital Reports Strong Financial Results for Q2 2024, PAT Grows by 130.97%

Nov 13 2024 04:58 PM IST
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Mefcom Capital Markets has shown a positive performance in the second quarter of fiscal year 2024-2025, with a 130.97% increase in Profit After Tax and a 84.1% growth in Net Sales. The company's Operating Cash Flow has also reached its highest in three years, indicating strong cash revenues from business operations.
Mefcom Capital Markets, a microcap finance company, has recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Hold' call by MarketsMOJO.

According to the financial report, Mefcom Capital has shown a very positive performance in the second quarter of the fiscal year 2024-2025. The company's score has improved from 8 to 20 in the last three months.

One of the key factors contributing to this positive performance is the company's Profit After Tax (PAT) for the nine-month period, which has grown by 130.97% year on year, reaching Rs 3.58 crore. This trend in PAT is highly encouraging for the company.

Moreover, the company's Net Sales for the quarter have also shown a significant growth of 84.1% compared to the average Net Sales of the previous four quarters, reaching Rs 115.51 crore. This indicates a positive trend in near-term sales for Mefcom Capital.

Another noteworthy aspect of the company's financials is its Operating Cash Flow, which has been consistently growing over the last three years and has reached its highest at Rs 2.57 crore annually. This indicates that the company has been generating higher cash revenues from its business operations.

In addition, the company's Net Sales for the quarter have also reached their highest at Rs 115.51 crore in the last five quarters, further reinforcing the positive trend in near-term sales.

Overall, Mefcom Capital's financial results for the quarter ending September 2024 have been very positive, with significant growth in key areas. This is a promising sign for the company and its investors.
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