Airan Reports Positive Growth in Financial Performance for Q1 FY25

Airan, a microcap IT software company, has recently announced its financial results for the quarter ending March 2024. The company has shown positive growth in its financial performance, with a score of 16 compared to 0 in the previous quarter.

According to the financial report, Airan’s Profit Before Tax less Other Income (PBT) has grown by 84.14% year on year, with a very positive trend in the near term. Similarly, the Profit After Tax (PAT) has also shown a growth of 65.7% year on year, with a positive trend in the near term. The company’s Net Sales for the quarter were at its highest in the last five quarters, indicating a positive sales trend.

Airan’s Operating Profit (PBDIT) for the quarter was also at its highest in the last five quarters, with a positive trend in the near term. The company’s Operating Profit Margin has also improved, reaching its highest at 26.53% in the last five quarters, indicating an increase in efficiency.

The company’s Debtors Turnover Ratio, however, has shown a decline in the last five half-yearly periods, with the lowest at 3.35 times. This indicates a slower pace in settling its debtors.

MarketsMOJO has given a ‘Hold’ call for Airan’s stock, based on its financial performance. The company’s Earnings per Share (EPS) for the quarter were at its highest in the last five quarters, showing an increase in profitability and creating higher earnings for shareholders.

Overall, Airan’s financial results for the quarter ending March 2024 have shown positive growth and improved efficiency, making it a promising company in the IT software industry.