DigiSpice Technologies Reports Negative Financial Results for Q2 FY25
DigiSpice Technologies, a microcap company in the trading industry, recently announced its financial results for the quarter ending September 2024. The stock has been given a ‘Strong Sell’ call by MarketsMOJO.
According to the financials, DigiSpice Tech. has seen a very negative performance in the second quarter of FY24-25, with a score of -22, a significant decrease from -6 in the last three months.
However, there are some positive aspects to the company’s financials. The cash and cash equivalents for the half-yearly period are at their highest in the last six periods, standing at Rs 420.29 crore. This indicates an improvement in short-term liquidity.
On the other hand, there are some areas that are not working in favor of DigiSpice Tech. The profit before tax less other income (PBT) for the quarter has fallen by -150.97% year on year, standing at Rs -5.01 crore. The profit after tax (PAT) has also seen a decline of -139.6% year on year, standing at Rs -1.55 crore. The net sales for the half-yearly period have also decreased by -36.82% year on year, standing at Rs 218.69 crore. The company’s pace of settling its debtors has also slowed down, with the debtors turnover ratio at its lowest in the last five half-yearly periods.
The operating profit (PBDIT) for the quarter is at its lowest in the last five quarters, standing at Rs -2.97 crore. The operating profit margin for the quarter is also at its lowest in the last five quarters, indicating a deterioration in the company’s efficiency. The non-operating income for the quarter is 5,110.00% of the PBT, which is a cause for concern as it shows a high income from non-business activities, which is not a sustainable business model. The earnings per share (EPS) for the quarter are also at their lowest in the last five quarters, standing at Rs -0.36, indicating a decline in profitability and lower earnings for shareholders.
Overall, DigiSpice Technologies has seen a negative financial performance in the quarter ending September 2024. Investors should carefully consider these factors before making any investment decisions.
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