Informed Technologies India's Q3 financial results show mixed performance

Informed Technologies India, a microcap company in the BPO/ITeS industry, recently announced its financial results for the quarter ended September 2023. The company's net sales saw a growth of 1.89% quarter-on-quarter, a significant improvement from the -11.67% growth in the previous quarter. However, the consolidated net profit saw a decline of -55.70% compared to a growth of 233.90% in the previous quarter.

The company's operating profit (PBDIT) excluding other income also saw a decline of -85.19% quarter-on-quarter, a significant drop from the -440.00% decline in the previous quarter. The interest growth remained flat at 0.00% compared to a growth of 100.00% in the previous quarter. The operating profit margin (excluding other income) also saw a decline from the previous quarter.

Despite the flat financial performance in the quarter, Informed Technologies has shown improvement in its overall score, increasing from 1 to 3 in the last 3 months. The company's profit after tax (PAT) for the half-yearly period has grown by 400.00% year-on-year, indicating a positive trend. The PAT for the half-yearly period is also higher at Rs 1.14 crore compared to the preceding 12-month period ended September 2023 of Rs -0.51 crore.

However, there are some areas of concern for Informed Technologies based on its September 2023 financials. The company's operating cash flow for the year is at its lowest in the last three years, indicating a decline in cash revenues from business operations. Additionally, the operating profit (PBDIT) for the quarter is also at its lowest in the last five quarters, showing a negative trend in the near term.

Overall, Informed Technologies India's financial results for the quarter ended September 2023 show a mixed performance. While there are some positive indicators, there are also areas that require improvement. Investors should carefully consider these factors before making any investment decisions.