Mukesh Babu Fin. Reports Positive Financial Performance in Q2 2024, Advises Hold on Stocks

Mukesh Babu Financial Services, a microcap finance company, has recently declared its financial results for the quarter ending June 2024. The company's stock has been given a 'Hold' call by MarketsMOJO.

According to the financial report, Mukesh Babu Fin. has shown a positive performance in the quarter, with a score of 7 compared to -4 in the previous quarter. This improvement can be attributed to various factors.

One of the key highlights of the financial report is the growth in Profit Before Tax less Other Income (PBT) - Quarterly, which has increased by 153.2% to Rs 4.45 crore compared to the average PBT of the previous four quarters, which was Rs 1.76 crore. This indicates a very positive trend in the near term.

Similarly, the Profit After Tax (PAT) - Quarterly has also shown a significant growth of 127.4% to Rs 3.37 crore compared to the average PAT of the previous four quarters, which was Rs 1.48 crore. This is another positive trend for the company in the near term.

The company's Net Sales - Quarterly has also seen a growth of 52.4% to Rs 5.81 crore compared to the average Net Sales of the previous four quarters, which was Rs 3.81 crore. This shows a very positive trend in the near term for the company's sales.

In addition, the Operating Profit (PBDIT) - Quarterly has been the highest in the last five quarters at Rs 5.22 crore, indicating a positive trend in the near term. The Operating Profit Margin - Quarterly has also been the highest in the last five quarters at 89.85%, showing an improvement in the company's efficiency.

Overall, Mukesh Babu Financial Services has shown a positive financial performance in the quarter ending June 2024. With the highest PBT and PAT in the last five quarters, the company's near term trend looks positive. Investors are advised to hold their stocks in the company based on the current financial results.