Ace Software Exports Reports Strong Financial Performance in Q2 FY25

Ace Software Exports, a microcap IT software company, has recently announced its financial results for the quarter ending September 2024. The company’s stock has been given a ‘Hold’ call by MarketsMOJO.

According to the financial report, Ace Software Exports has shown positive performance in the second quarter of the fiscal year 2024-2025. The company’s score has improved from 24 to 17 in the last three months.

One of the key factors contributing to this positive performance is the increase in net sales, which has grown by 187.63% year on year to reach Rs 11.16 crore. This indicates a strong sales trend for the company.

Moreover, the company’s profit after tax (PAT) for the nine-month period has also shown significant growth of 502.00% year on year, reaching Rs 3.01 crore. This reflects a positive trend in the company’s profitability.

In terms of operating profit, Ace Software Exports has achieved its highest quarterly figure of Rs 1.43 crore in the last five quarters. This indicates a positive trend in the company’s near-term operating profit.

The company’s operating profit margin has also improved, reaching its highest at 24.44% in the last five quarters. This shows an increase in the company’s efficiency.

Furthermore, the company’s profit before tax less other income (PBT) has also shown a positive trend, reaching its highest at Rs 1.14 crore in the last five quarters. This indicates a positive near-term trend for PBT.

In terms of liquidity, Ace Software Exports has shown improvement with its cash and cash equivalents reaching its highest at Rs 8.35 crore in the last six half-yearly periods.

Overall, Ace Software Exports has shown a positive financial performance in the quarter ending September 2024, with improvements in key areas such as net sales, PAT, operating profit, and PBT. This reflects the company’s strong potential for growth in the IT software industry.