Moschip Technologies Reports Outstanding Financial Results for Q2 FY25
Moschip Technologies, a smallcap IT software company, has recently announced its financial results for the quarter ending September 2024. The company has shown an outstanding performance with a score of 33, which is a significant improvement from the previous score of 11 in the last three months.
One of the major highlights of the financial results is the growth in Profit Before Tax (PBT) by 179.49% year on year, reaching Rs 8.72 crore. The Profit After Tax (PAT) has also shown a growth of 168.0% year on year, reaching Rs 9.73 crore. This indicates a very positive trend in the near term for the company.
Moschip Tech. has also shown a strong operating cash flow, with the highest amount of Rs 25.05 crore generated annually in the last three years. The company has also seen a significant growth in net sales, with a 74.85% increase year on year, reaching Rs 125.63 crore. This shows a positive trend in the near term for the company’s sales.
The company’s ability to manage interest payments has also improved, with the Operating Profit to Interest ratio reaching its highest at 8.16 times in the last five quarters. Additionally, the company has been able to sell its inventory faster, with the Inventory Turnover Ratio reaching its highest at 278.55 times in the last five half yearly periods.
On the downside, the interest cost has increased by 19.14% quarter on quarter, reaching its highest at Rs 1.93 crore in the last five quarters. This signifies an increase in borrowings for the company.
Overall, Moschip Technologies has shown a strong financial performance in the quarter ending September 2024, with positive trends in key areas such as PBT, PAT, net sales, and operating profit. The company has also been able to reduce its debt and improve its inventory turnover ratio. Based on these results, MarketsMOJO has given a ‘Hold’ call for the company’s stock.
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