Paragon Finance Reports Flat Q1 Performance, But Shows Positive Trends for Future

May 29 2024 09:10 PM IST
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Paragon Finance, a microcap finance company, reported a flat performance in the quarter ending March 2024 with a score of 2 out of 5. However, there are some positive aspects to note, such as the highest operating profit and profit before tax in the last five quarters. Investors should monitor the company's future performance.
Paragon Finance, a microcap finance company, recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Sell' call by MarketsMOJO.

According to the financial report, Paragon Finance has shown a flat performance in the quarter, with a score of 2 out of 5. However, this is an improvement from the previous quarter where the company had a score of 1. Despite the flat performance, there are some positive aspects to note.

The company's operating profit (PBDIT) for the quarter was the highest in the last five quarters, at Rs 0.67 crore. This shows a positive trend in the near term for the company's operating profit. Similarly, the profit before tax less other income (PBT) was also the highest in the last five quarters, at Rs 0.64 crore. This indicates a positive trend in the near term for the company's PBT.

Overall, while Paragon Finance may have had a flat performance in the last quarter, there are some positive signs for the company's future. Investors should keep an eye on the company's performance in the coming quarters to see if these positive trends continue.
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