Som Datt Finance Corporation Reports Strong Q1 Results, Net Sales and PAT Show Significant Growth

Som Datt Finance Corporation, a microcap finance company, has recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Sell' call by MarketsMOJO.

Despite this, the company has shown a very positive performance in the quarter, with its score improving from 18 to 21 in the last 3 months. This is largely due to its strong financials for the quarter.

One of the key highlights of the quarter is the significant growth in net sales, which have increased by 186.29% year on year to reach Rs 8.56 crore. This is a very positive trend for the company.

Another impressive aspect is the growth in Profit After Tax (PAT), which has increased by 141.80% year on year to reach Rs 5.90 crore. This shows a strong financial performance by the company.

In terms of operating profit, Som Datt Finance has achieved its highest PBDIT (Profit Before Depreciation, Interest, and Taxes) in the last five quarters, at Rs 4.37 crore. This is a positive trend for the near term.

Similarly, the company's PBT (Profit Before Tax) has also reached its highest in the last five quarters, at Rs 4.37 crore. This is a positive trend for the near term and shows a growth of 28.6% over the average PBT of the previous four quarters.

Overall, Som Datt Finance Corporation has shown a strong financial performance in the quarter ending March 2024, with positive trends in key financial indicators. Investors should keep an eye on the company's future performance to make informed decisions.