Goldstone Technologies Reports Mixed Financial Results
Goldstone Technologies, a microcap IT software company, recently announced its financial results for the quarter ended September 2023. The company's stock has been given a 'Sell' call by MarketsMOJO.In the quarter, Goldstone Technologies saw a 32.75% growth in net sales compared to a decline of 28.72% in the previous quarter. The consolidated net profit also showed a positive growth of 37.50% compared to 55.56% in the previous quarter. The operating profit (PBDIT) excluding other income also saw a growth of 33.33% compared to 157.14% in the previous quarter. However, the interest expenses increased by 9.52% compared to a decline of 19.23% in the previous quarter.
The company's operating profit margin (excluding other income) has been consistently low in the last few periods. Goldstone Technologies has seen a flat financial performance in the quarter ended September 2023, with a score of 0 compared to 8 in the last 3 months.
Despite this, there are some positive aspects in Goldstone Technologies' financials. The net sales for the last nine months have grown by 26.55% year on year, and the company has been able to settle its debtors faster with a debtors turnover ratio of 5.21 times in the last five half-yearly periods.
On the other hand, the profit before tax (PBT) less other income has fallen by 151.22% year on year, indicating a negative trend in the near term. Overall, Goldstone Technologies' financial performance in the quarter ended September 2023 has been mixed, with some positive and negative aspects. Investors are advised to carefully analyze the company's financials before making any investment decisions.
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