Sonal Mercantile Reports Positive Financial Results for Q1 FY25, Receives 'Hold' Call from MarketsMOJO
Sonal Mercantile, a microcap finance company, has recently announced its financial results for the quarter ending March 2024. The results, declared on August 13, 2024, have received a ‘Hold’ call from MarketsMOJO.
According to the financials, Sonal Mercantile has shown a positive performance in the quarter, with a score of 9 out of 20. This is an improvement from the previous quarter, indicating a positive trend for the company.
One of the key factors contributing to this positive performance is the company’s Profit After Tax (PAT), which has been the highest in the last five quarters at Rs 7.73 crore. Moreover, the PAT has been growing consistently each quarter, showcasing a strong and positive trend for the company.
Another positive aspect for Sonal Mercantile is its Earnings per Share (EPS), which has been the highest in the last five quarters at Rs 5.24. This indicates that the company has been able to generate higher earnings for its shareholders, showcasing its profitability.
However, there are some areas that need improvement for Sonal Mercantile. The company’s Operating Profit (PBDIT) for the quarter has been the lowest in the last five quarters at Rs 9.35 crore. This indicates a negative trend in the near term for the company’s operating profit.
Overall, Sonal Mercantile has shown a positive financial performance in the quarter ending March 2024. With a strong PAT and EPS, the company has been able to generate higher earnings for its shareholders. However, it needs to focus on improving its operating profit in the near term. Investors are advised to hold their stocks in Sonal Mercantile for now, as per MarketsMOJO’s recommendation.
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