Midcap IT Company Moschip Tech. Reports Positive Growth in Q1 FY25 Results
Moschip Technologies, a midcap IT software company, has recently declared its financial results for the quarter ending June 2024. The company has shown positive growth in its financial performance, with a score of 10 out of 10, an improvement from 6 in the last 3 months.
One of the key factors contributing to this growth is the increase in net sales, which has grown by 40.94% year on year, reaching Rs 80.35 crore. This trend is expected to continue in the near term, indicating a positive sales outlook for the company. Additionally, Moschip Tech. has also been able to improve its inventory turnover ratio, which is now at a record high of 367.39 times. This shows that the company has been able to sell its inventory at a faster rate.
In terms of profitability, Moschip Tech. has also shown positive results, with its profit after tax (PAT) reaching a record high of Rs 3.98 crore in the last five quarters. The company’s earnings per share (EPS) have also increased, reaching Rs 0.21, indicating higher earnings for shareholders.
On the other hand, there are some areas that need improvement for Moschip Tech. For instance, the company’s interest cost has increased by 10.96% quarter on quarter, reaching a record high of Rs 1.62 crore in the last five quarters. This signifies increased borrowings, which could have a negative impact on the company’s financials in the long run. Additionally, the company’s non-operating income is 36.59% of its profit before tax (PBT), which is a cause for concern as it indicates a high reliance on non-business activities.
Overall, Moschip Technologies has shown positive financial performance in the quarter ending June 2024, with a ‘Hold’ stock call by MarketsMOJO. The company’s growth in net sales, profitability, and reduction in debt-equity ratio are some of the key factors that have contributed to its success. However, the company needs to address its rising interest cost and reliance on non-business income to ensure sustainable growth in the future.
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