InfoBeans Technologies reports strong financial growth in Q3 2024
InfoBeans Technologies, a smallcap IT software company, has reported a positive financial performance for the quarter ending September 2024. The company's PBT and PAT have shown significant growth, with the highest Net Sales and Operating Profit in the last five quarters. However, there are areas that need improvement, with a 'Hold' call from MarketsMojo.
InfoBeans Technologies, a smallcap IT software company, has recently announced its financial results for the quarter ending September 2024. The company has shown positive growth in its financial performance, with a score of 17 out of 25, an improvement from 11 in the last three months.
According to the financial report, the company's Profit Before Tax less Other Income (PBT) has grown by 474.02% year on year, with a very positive trend in the near term. Similarly, the Profit After Tax (PAT) has also shown a growth of 200.7% year on year, with a positive trend in the near term. The company's Net Sales for the quarter were at its highest in the last five quarters, showing a positive trend in the near term. The Operating Profit (PBDIT) for the quarter was also at its highest in the last five quarters, with a positive trend in the near term. The Operating Profit Margin has also improved, reaching its highest at 19.43% in the last five quarters, indicating an increase in the company's efficiency.
The company's Profit Before Tax less Other Income (PBT) and Profit After Tax (PAT) were also at their highest in the last five quarters, with a positive trend in the near term. The Earnings per Share (EPS) for the quarter were also at its highest in the last five quarters, showing an increase in profitability and creating higher earnings for shareholders.
However, there are some areas that need improvement for InfoBeans Tech. The Operating Cash Flow has been falling each year in the last three years, with the lowest at Rs 43.54 crore. The company's Short Term liquidity has also deteriorated, with the lowest Cash and Cash Equivalents at Rs 35.92 crore in the last six half-yearly periods.
In conclusion, InfoBeans Technologies has shown positive financial performance in the quarter ending September 2024, with a score of 17 out of 25. While there are some areas that need improvement, the company's overall trend is positive, making it a stock to watch out for. MarketsMOJO has given a 'Hold' call for the stock, indicating a neutral stance.
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