Motor & General Finance Reports Strong Financial Performance in Q1 2024
Microcap finance company Motor & General Finance has reported positive financial results for the quarter ended March 2024, with its operating profit and profit after tax being the highest in the last five quarters. MarketsMojo has given a 'Strong Sell' call for its stock, indicating a promising future for the company.
Motor & General Finance, a microcap finance company, has recently announced its financial results for the quarter ended March 2024. The company has shown a positive performance in this quarter, with its score improving from 3 to 15 in the last three months. One of the key factors contributing to this improvement is the company's operating profit (PBDIT), which has been the highest in the last five quarters at Rs 1.15 crore. The near-term trend for operating profit is also positive. Similarly, the profit before tax less other income (PBT) has also been the highest in the last five quarters at Rs 0.72 crore, with a positive trend in the near term.
The company's profit after tax (PAT) has also seen a significant increase, with the highest in the last five quarters at Rs 1.45 crore. The near-term trend for PAT is also positive. Additionally, the earnings per share (EPS) have also shown an upward trend, with the highest at Rs 0.37 in the last five quarters. This indicates that the company has been able to generate higher earnings for its shareholders.
Based on these financial results, MarketsMOJO has given a 'Strong Sell' call for Motor & General Finance's stock. The company's performance in this quarter has been impressive, and it will be interesting to see how it continues to grow in the future.
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