InfoBeans Technologies Reports Strong Profit Growth Amid Liquidity Concerns for Q4 2024

Jan 28 2025 02:33 PM IST
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InfoBeans Technologies has reported its financial results for the quarter ending December 2024, showcasing significant growth in profit metrics. Profit Before Tax reached Rs 7.07 crore, while Profit After Tax was Rs 7.06 crore. However, the company faces challenges with declining cash reserves, impacting short-term liquidity.
InfoBeans Technologies, a microcap player in the IT software industry, has recently reported its financial results for the quarter ending December 2024. The results indicate a notable performance in terms of profit metrics. Specifically, the Profit Before Tax (PBT) reached Rs 7.07 crore, reflecting a significant year-on-year growth of 286.34%. Similarly, the Profit After Tax (PAT) stood at Rs 7.06 crore, marking a year-on-year increase of 27.0%. These figures suggest a positive trend in profitability for the company.

However, the financial landscape is not without its challenges. The company's cash and cash equivalents have reached their lowest point in the last six half-yearly periods, recorded at Rs 35.92 crore. This decline points to a concerning trend in short-term liquidity, which may impact operational flexibility.

In light of these developments, InfoBeans Technologies has experienced an adjustment in its evaluation, with its score reflecting a change from 17 to 12 over the past three months. This revision underscores the mixed nature of the company's financial health as it navigates both growth in profitability and liquidity challenges.

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