Indo-City Infotech's Q2 financial report shows negative performance, MarketsMOJO advises 'Sell'.

Indo-City Infotech, a microcap IT software company, recently declared its financial results for the quarter ending September 2024. The stock call by MarketsMOJO for Indo-City Infotech is 'Sell'.

According to the financial report, Indo-City Infotech has seen a negative performance in the second quarter of the fiscal year 2024-2025. The company's score has fallen from -4 to -10 in the last three months.

One of the major factors contributing to this decline is the net sales, which have decreased by 56.67% year on year, standing at Rs 5.20 crore for the half-yearly period. The near-term sales trend for the company is also negative.

Another concerning aspect is the operating cash flow, which has been the lowest in the last three years at Rs -0.24 crore. This indicates a decline in the company's cash revenues from business operations.

The operating profit (PBDIT) for the quarter has also been the lowest in the last five quarters, standing at Rs -0.20 crore. The near-term trend for operating profit is also negative.

Similarly, the profit before tax less other income (PBT) for the quarter has been the lowest in the last five quarters at Rs -0.21 crore. This indicates a negative trend in the near term for PBT.

Based on these financial results, MarketsMOJO has given a 'Sell' call for Indo-City Infotech. The company will need to address these issues and improve its financial performance in the upcoming quarters to regain investor confidence.