eMudhra's Q4 financial results show strong sales and operational performance.

Apr 29 2024 07:55 PM IST
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eMudhra, a midcap IT software company, has announced its financial results for the quarter ended March 2024. The company has shown positive performance with a score of 19, driven by an increase in net sales, operating profit, and profit before tax. However, the increase in non-operating income is a concern.

eMudhra, a midcap IT software company, has recently announced its financial results for the quarter ended March 2024. The company has shown positive performance with a score of 19, which is an improvement from the previous quarter's score of 15.

One of the key highlights of the financial results is the increase in net sales, which have reached a record high of Rs 99.69 crore. This is a significant growth compared to the previous five quarters, indicating a positive sales trend in the near future.

The company's operating profit (PBDIT) has also seen a significant increase, reaching its highest at Rs 32.90 crore in the last five quarters. This shows a positive trend in the company's operational efficiency.

Moreover, the operating profit margin has also improved, reaching its highest at 33.00% in the last five quarters. This indicates that the company has become more efficient in managing its costs.

The profit before tax (PBT) has also shown a positive trend, reaching its highest at Rs 25.96 crore in the last five quarters. This is a 33.1% growth compared to the average PBT of the previous four quarters, indicating a positive outlook for the company.

However, one area of concern is the increase in non-operating income, which has reached its highest at Rs 3.41 crore in the last five quarters. This may not be sustainable in the long run, as it is not related to the company's core business activities.

Overall, eMudhra's financial results for the quarter ended March 2024 have shown a positive trend, with strong sales and operational performance. The stock call by MarketsMOJO for eMudhra is 'Hold', indicating a neutral stance for investors.
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