Microcap IT Company Megri Soft Reports Flat Performance, Strong Cash Flow and Profit Growth

Megri Soft, a microcap IT software company, has recently announced its financial results for the quarter ending September 2024. The company has reported a flat performance for the quarter, with a score of 3 out of 10, which is an improvement from the previous score of -1 in the last three months.

Despite the flat performance, there are some positive aspects to Megri Soft's financials. The company has shown a strong operating cash flow of Rs 1.86 crore annually, which is the highest in the last three years. This indicates that the company has been able to generate higher cash revenues from its business operations.

In terms of profitability, Megri Soft has also shown improvement. The company's Profit After Tax (PAT) for the nine-month period ending September 2024 was Rs 0.57 crore, which is higher than the preceding 12-month period of Rs 0.55 crore. This suggests that the company has already surpassed its sales from the previous year in just nine months.

However, despite these positive aspects, MarketsMOJO has given a 'Sell' call for Megri Soft's stock. This could be due to various factors such as market conditions, competition, or other external factors. Investors are advised to do their own research and make informed decisions before investing in the company's stock.