Infibeam Avenues Reports Strong Q3 Results with Record Net Sales and Profit Growth
Infibeam Avenues has reported strong financial results for the quarter ending December 2024, achieving net sales of Rs 1,070.35 crore, the highest in five quarters. The profit after tax reached Rs 62.40 crore, reflecting significant growth. The company also improved its debtor turnover ratio, indicating efficient receivables management.
Infibeam Avenues, a midcap player in the IT software industry, has reported its financial results for the quarter ending December 2024, revealing notable developments. The company achieved net sales of Rs 1,070.35 crore, marking the highest figure recorded in the last five quarters. This performance reflects a significant growth rate of 26.1% compared to the average net sales of Rs 848.92 crore from the previous four quarters, indicating a positive near-term sales trend.Additionally, the profit after tax (PAT) for the quarter stood at Rs 62.40 crore, which represents a growth of 20.4% over the average PAT of Rs 51.84 crore from the preceding four quarters. This also suggests a favorable near-term trend in profitability.
Moreover, Infibeam Avenues has demonstrated efficiency in managing its receivables, as evidenced by a debtor turnover ratio of 98.31 times, the highest in the last five half-yearly periods. This improvement indicates the company's ability to settle its debtors more swiftly.
Overall, Infibeam Avenues has experienced evaluation changes in its financial metrics, reflecting a robust performance in the recent quarter.
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