OTCO Intl Reports Flat Performance in Q2, Focuses on Improving Debtors Turnover Ratio

Nov 12 2024 05:03 PM IST
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OTCO International, a microcap IT software company, has reported a flat performance in the second quarter of fiscal year 2024-2025. However, the company's score has improved from 0 to 1 in the last three months. Its Debtors Turnover Ratio is the highest in the last five half-yearly periods, indicating efficient debt settlement. Operating Profit for the quarter has been the lowest in the last five quarters, suggesting a negative trend. Despite this, OTCO Intl remains a promising player in the industry and is focused on improving its financials in the upcoming quarters.

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

According to the financial report, OTCO Intl has shown a flat performance in the second quarter of the fiscal year 2024-2025. However, there has been a slight improvement in the company's score, which has increased from 0 to 1 in the last three months.

One of the positive aspects of OTCO Intl's financials is its Debtors Turnover Ratio, which has been the highest at 36.50 times in the last five half-yearly periods. This indicates that the company has been able to settle its debtors at a faster rate.

On the other hand, the company's Operating Profit (PBDIT) for the quarter has been the lowest at Rs 0.01 crore in the last five quarters. This suggests a negative trend in the near term for the company's operating profit.

Despite the mixed financial results, OTCO Intl remains a promising player in the IT software industry. With its focus on improving its debtors turnover ratio and addressing the decline in operating profit, the company is determined to achieve better results in the upcoming quarters. Investors are advised to keep an eye on OTCO Intl's performance in the future.
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