Cranes Software Reports Stability in Financial Performance for December 2024 Results

Feb 17 2025 01:41 PM IST
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Cranes Software International announced its financial results for the quarter ending December 2024, highlighting stability in performance. Key metrics, including Profit Before Tax and Debtors Turnover Ratio, reached their highest levels in five quarters, indicating improved operational efficiency and profitability trends.
Cranes Software International has recently released its financial results for the quarter ending December 2024, with the announcement made on February 14, 2025. The company operates within the IT - Software industry and is categorized as a microcap stock.

The financial performance for the quarter has shown stability, with notable metrics reflecting a positive trend. The Profit Before Tax less Other Income (PBT) reached its highest level at Rs -0.53 crore, marking consistent growth over the last five quarters. Additionally, the Debtors Turnover Ratio has also reached a peak of 1.77 times, indicating that the company has been effective in settling its debtors more swiftly over the past half-year periods. Furthermore, the Operating Profit (PBDIT) recorded its highest figure at Rs -0.36 crore in the last five quarters, suggesting a favorable trend in operational profitability.

In light of these developments, Cranes Software has experienced an adjustment in its evaluation, with its score reflecting a shift from 1 to 3 over the past three months.

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