Odyssey Technologies Reports Mixed Financial Results for Q2 2024

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

According to the financial report, Odyssey Tech. has seen a flat performance in the second quarter of the fiscal year 2024-2025. The company's score has fallen from 5 to -5 in the last three months.

However, there are some positive aspects to the company's financials. The Profit After Tax (PAT) for the nine-month period has grown by 42.72% year on year, reaching Rs 4.51 crore. This shows a very positive trend in the near term. Additionally, the PAT for the nine-month period is higher than the preceding 12-month period, indicating a strong sales performance.

On the other hand, there are some areas of concern for Odyssey Tech. The company's Operating Cash Flow for the year has been consistently falling, reaching its lowest at Rs 4.16 crore. This shows a decline in the company's cash revenues from business operations. The Net Sales for the quarter have also fallen by -19.0% compared to the average of the previous four quarters. This indicates a negative trend in sales in the near term.

Furthermore, the company's Operating Profit (PBDIT) for the quarter has been the lowest in the last five quarters, and the Operating Profit Margin has also deteriorated. The Profit Before Tax less Other Income (PBT) for the quarter has also been the lowest in the last five quarters, showing a negative trend in the near term. The Earnings per Share (EPS) for the quarter have also declined, indicating lower profitability and earnings for shareholders.

Overall, Odyssey Technologies has shown a mixed performance in the recent quarter, with some positive and negative aspects. Investors are advised to hold their stock and closely monitor the company's financial performance in the coming quarters.