Asit C Mehta Financial Services Ltd Shows Positive Growth in Q1 FY25 Results
Asit C Mehta Financial Services Ltd, a microcap IT software company, has recently announced its financial results for the quarter ended June 2024. The company has shown positive performance in this quarter, with a score of 8 out of 18, which is an improvement from the previous quarter.
One of the key highlights of the financial results is the growth in net sales, which has increased by 22.3% compared to the average net sales of the previous four quarters. This indicates a positive trend in the company’s sales performance in the near term.
Another positive aspect of the financials is the company’s cash and cash equivalents, which have reached a record high of Rs 43.30 crore in the last six half-yearly periods. This shows that the company’s short-term liquidity is improving.
However, one area of concern is the rising interest cost, which has increased by 31.71% quarter on quarter. This suggests that the company has taken on more borrowings, which could impact its financial stability in the long run.
MarketsMOJO has given a ‘Strong Sell’ call for Asit C Mehta Fin’s stock, based on its financial performance in the quarter ended June 2024. Investors should carefully consider all the financial aspects of the company before making any investment decisions.
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