Penny Stock Below Rs 5 Standard Capital Announces Q4 Results

Standard Capital Markets has informed the stock market that its Board of Directors met on Thursday, May 30, in which the results of the fourth quarter of the previous financial year have been approved. Standard Capital Markets Limited has informed the stock market that its revenue from operations in the fourth quarter of the last financial year was Rs 10.69 crore, which was Rs 5.77 crore in the previous quarter and Rs 3.56 crore in the fourth quarter of the previous financial year.

The company's profit before tax was Rs 3.76 crore in the fourth quarter of the last financial year, which was Rs 4.65 crore in the previous quarter and Rs 2.47 crore in the fourth quarter of the previous financial year. The company's profit after paying tax was Rs 2.51 crore in the fourth quarter of the last financial year, which was Rs 3.31 crore in the previous quarter and Rs 1.59 crore in the fourth quarter of the previous financial year.

On Thursday, amid weak stock market trading, shares of Standard Capital Markets Limited declined by 2 per cent and closed at Rs 1.55. Standard Capital Markets Limited is a micro-cap financial services company with a market cap of Rs 228 crore. The 52-week high of Standard Capital Markets Limited shares is Rs 3.52 while the 52-week low is Rs 1.16.

Standard Capital Market shares have been weak for some time and have caused a loss of 17.5 per cent to investors in the last month. However, in the last 6 months, Standard Capital Market shares have given a bumper return of 675 per cent from the level of 20 paise on 30 November 2023. Standard Capital Market shares have given investors a return of 454 per cent from the low of 28 paise in the last 1 year period.

Recently, Standard Capital Markets Limited has partnered with a leading fintech company to provide educational loans to individuals seeking higher education. Through this strategic partnership, Standard Capital Markets Limited will leverage the fintech company's innovative platform and expertise in student financing to offer competitive loan options tailored to the needs of students. The loans will cover tuition fees, living expenses, and other educational costs, ensuring that financial constraints do not hinder students from receiving a quality education. The partnership between Standard Capital Markets Limited and the fintech also emphasizes the importance of financial literacy and education. As part of their joint initiative, they will provide resources and tools to help students and their families make informed decisions about financing their education.

Incorporated in 1987, Standard Capital Markets Ltd is in the business of non-banking financial activities. The company provides a range of financial services, including secured and unsecured loans to individuals and MSMEs; dealing in securities/shares of companies, bonds and units investment in stock markets.