IZMO's Q2 Financial Results Show Decline in Performance, 'Hold' Call by MarketsMOJO

IZMO, a microcap IT software company, recently announced its financial results for the quarter ending June 2024. The company's stock has been given a 'Hold' call by MarketsMOJO.

According to the financial report, IZMO's performance for the quarter has been flat, with a score of -4 compared to 11 in the previous three months. This indicates a decline in the company's financial performance.

One of the major factors contributing to this decline is the Profit Before Tax (PBT) less Other Income, which has fallen by 10.6% to Rs 5.25 crore compared to the average PBT of the previous four quarters, which was Rs 5.87 crore. This trend is expected to continue in the near future.

Similarly, the Profit After Tax (PAT) for the quarter has also decreased by 7.4% to Rs 6.03 crore compared to the average PAT of the previous four quarters, which was Rs 6.51 crore. This indicates a negative trend in the company's PAT.

Another concerning aspect is the Debtors Turnover Ratio, which is at its lowest in the last five half-yearly periods at 3.32 times. This suggests that the company's pace of settling its debtors has slowed down.

Overall, IZMO's financial performance for the quarter ending June 2024 has not been impressive. Investors are advised to hold their stocks and monitor the company's performance closely in the coming months.