Infronics Systems' Financial Performance Receives 'Strong Sell' Rating from MarketsMOJO

Infronics Systems, a microcap IT software company, recently announced its financial results for the quarter ending September 2024. The results, declared on November 14, have received a 'Strong Sell' call from MarketsMOJO.

The company's financial performance for the quarter has been flat, with a score of -3 compared to 0 in the previous quarter. This decline in score over the last three months is a cause for concern.

According to the Sep 2024 financials, there are a few areas where Infronics Systems is struggling. The operating profit (PBDIT) for the quarter is at its lowest in the last five quarters, standing at Rs 0.30 crore. The near-term trend for operating profit is also negative.

Similarly, the profit before tax less other income (PBT) for the quarter is at its lowest in the last five quarters, at Rs 0.27 crore. The near-term trend for PBT is also negative.

The earnings per share (EPS) for the quarter is at its lowest in the last five quarters, at Rs 0.24. This indicates a decline in profitability and lower earnings for shareholders.

Based on these financials, MarketsMOJO has given a 'Strong Sell' call for Infronics Systems. Investors should carefully consider these factors before making any investment decisions.