Indian Infotech Reports December 2024 Results: Strong Sales Growth Amid Profitability Challenges
Indian Infotech and Software has announced its financial results for the quarter ending December 2024, showing a year-on-year sales growth of 54.54% with net sales reaching Rs 17.71 crore. However, the company faced significant challenges, reporting a loss in both profit before tax and profit after tax, alongside a decline in operating profit.
Indian Infotech and Software has recently reported its financial results for the quarter ending December 2024, revealing a complex picture of performance within the microcap trading sector. The company's net sales for the half-year reached Rs 17.71 crore, reflecting a notable year-on-year growth of 54.54%. This positive sales trend indicates a robust demand for its offerings in the near term.However, the financial results also highlight significant challenges. The profit before tax less other income (PBT) for the quarter was recorded at Rs -12.33 crore, marking a substantial decline compared to the average PBT of the previous four quarters. Similarly, the profit after tax (PAT) stood at Rs -9.21 crore, which is considerably lower than the average PAT from the prior quarters. The operating profit also reached its lowest point in the last five quarters at Rs -12.34 crore, suggesting ongoing difficulties in maintaining profitability.
In light of these results, Indian Infotech has experienced adjustments in its evaluation, reflecting the contrasting trends in sales growth and profitability challenges.
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