MKVentures Capital Reports Mixed Financial Results for Q1 2024

Aug 09 2024 06:32 PM IST
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MKVentures Capital, a microcap finance company, reported its financial results for the quarter ending March 2024. While the company's Profit After Tax and Earnings per Share were the highest in the last five quarters, there was a decrease in Net Sales and Operating Profit. Investors should carefully evaluate these mixed results before making any investment decisions.

MKVentures Capital, a microcap finance company, recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Sell' rating by MarketsMOJO.

According to the financials, MKVentures Capital has seen a flat performance in the last quarter, with a score of -5 compared to 2 in the previous quarter. However, there are some positive aspects to the company's performance. The Profit After Tax (PAT) for the quarter was the highest in the last five quarters at Rs 5.90 crore, and the trend for near-term PAT is positive. The Earnings per Share (EPS) for the quarter was also the highest in the last five quarters at Rs 15.36, indicating increasing profitability and higher earnings for shareholders.

On the other hand, there are some areas of concern for MKVentures Capital. The Net Sales for the quarter were at Rs 8.41 crore, which is a decrease of 18.2% compared to the average Net Sales of the previous four quarters. The near-term sales trend is also negative. Additionally, the company's Net Sales for the quarter were the lowest in the last five quarters, and the near-term sales trend is negative. The Operating Profit (PBDIT) for the quarter was also the lowest in the last five quarters, and the near-term trend is negative.

Overall, MKVentures Capital's financial performance for the quarter ending March 2024 has been mixed, with some positive and negative aspects. Investors should carefully consider these factors before making any investment decisions.
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