Cybertech Sys. shows positive growth despite challenges

Cybertech Systems & Software, a microcap IT software company, has recently declared its financial results for the quarter ended September 2023. The company's net sales for the quarter showed a slight decline of -0.02% compared to the previous quarter, but still saw a positive growth of 2.22% compared to the same quarter last year. The consolidated net profit also saw a decline of -9.01% compared to the previous quarter, but showed a significant improvement from the -0.56% decline in the same quarter last year.

Despite the decline in net sales and net profit, Cybertech Sys. has shown a strong performance in terms of operating cash flow, with the highest annual cash flow of Rs 26.38 crore in the last three years. The company's half-yearly net sales have also shown a positive growth of 39.25% year on year, indicating a positive trend in the near future.

However, there are some areas that need improvement for Cybertech Sys. The company's operating profit margin has been consistently declining in the last five quarters, reaching its lowest point at 10.54% in the quarter ended September 2023. The profit before tax (PBT) has also been on a downward trend, with the lowest PBT of Rs 3.76 crore in the last five quarters. The company's non-operating income, which is 44.79% of the PBT, is also a cause for concern as it may not be a sustainable business model.

Despite these challenges, MarketsMOJO has given a 'Buy' call for Cybertech Sys. based on its financial performance. The company's strong operating cash flow and positive sales trend indicate a potential for growth in the future. Investors can keep an eye on this microcap IT software company as it continues to make strides in the industry.