Nam Securities Reports Positive Growth in Q1 FY25 Financial Results, Stock Receives 'Hold' Rating

Nam Securities, a microcap finance and NBFC company, has recently announced its financial results for the quarter ending June 2024. The company has shown positive growth in its financial performance, with its score improving from 10 to 11 in the last 3 months.

One of the key highlights of the quarter is the significant growth in net sales, which have increased by 54.53% year on year to reach Rs 60.22 crore. This is a very positive trend for the company in the near term. Additionally, the company has also seen its operating profit (PBDIT) for the quarter reach its highest in the last five quarters at Rs 0.29 crore, indicating a positive trend in the near term.

Moreover, Nam Securities has also reported its highest profit after tax (PAT) in the last five quarters at Rs 0.27 crore. This shows a positive trend in the company’s profitability in the near term. The earnings per share (EPS) for the quarter have also reached their highest in the last five quarters at Rs 0.50, indicating that the company has created higher earnings for its shareholders.

Based on these financial results, MarketsMOJO has given a ‘Hold’ call for Nam Securities’ stock. With its positive financial performance and growth trends, Nam Securities is showing promising potential in the finance and NBFC industry. Investors may want to keep an eye on this microcap company as it continues to make strides in its financial performance.