Infibeam Avenues Reports Positive Q1 Results, OPM Shows Slight Decrease

Operating Profit Margin (OPM) - Quarterly: At 7.8% has fallen by -1.5% over previous quarter. Near term OPM trend is negative.

Infibeam Avenues, a midcap IT software company, has recently announced its financial results for the quarter ending March 2024. The company has received a 'Hold' call from MarketsMOJO, indicating a neutral stance on its stock.

According to the financials, Infibeam Avenues has shown positive performance in the quarter, with a score of 12 out of 17. This is a slight decrease from the previous quarter's score of 17. The company's Profit After Tax (PAT) for the quarter was the highest in the last five quarters, at Rs 49.67 crore. The near-term trend for PAT is positive, showing an increase of 34.4% over the average PAT of the previous four quarters.

Infibeam Avenues has also shown a positive trend in its Earnings per Share (EPS), with the highest EPS of Rs 0.18 in the last five quarters. This indicates increasing profitability and higher earnings for shareholders.

However, there are some areas that need improvement for Infibeam Avenues. The company's Net Sales for the quarter have fallen by -6.1% compared to the average of the previous four quarters. The near-term trend for sales is negative. Additionally, the Operating Profit Margin (OPM) for the quarter has fallen by -1.5% compared to the previous quarter, indicating a negative trend in the near term.

Overall, Infibeam Avenues has shown positive financial performance in the quarter ending March 2024, with some areas that need improvement. Investors are advised to hold their position on the stock, as suggested by MarketsMOJO.