Alphalogic Techsys Reports Strong Sales Growth and Operating Cash Flow in Q2 2024

Aug 14 2024 10:14 PM IST
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Alphalogic Techsys, a smallcap IT software company, has reported positive financial results for the quarter ended June 2024. The company's net sales have consistently grown in the last five quarters, with the highest recorded in this quarter. The operating cash flow has also been the highest in the last three years, indicating strong business operations. MarketsMojo has given a 'Hold' call for the company's stock, showing promising growth potential in the IT software industry.
Alphalogic Techsys, a smallcap IT software company, has recently declared its financial results for the quarter ended June 2024. The company has shown positive performance in this quarter, with its score improving from 14 to 15 in the last 3 months.

One of the key highlights of the financials is the net sales, which have been consistently growing each quarter in the last five quarters. In the June 2024 quarter, the net sales stood at Rs 23.84 crore, which is the highest in the last five quarters. This shows a very positive trend in the company's sales performance in the near term.

Moreover, the net sales have grown at a significant rate of 76.8% over the average net sales of the previous four quarters, which was Rs 13.48 crore. This further reinforces the positive sales trend in the near term for Alphalogic Techsys.

Another positive aspect of the financial results is the company's operating cash flow, which has been the highest at Rs 0.49 crore in the last three years. This indicates that the company has been able to generate higher cash revenues from its business operations.

Based on these financials, MarketsMOJO has given a 'Hold' call for Alphalogic Techsys' stock. With its positive sales trend and strong operating cash flow, the company is showing promising growth potential in the IT software industry.
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