Quarterly Report: Allsec Technologies Shows Positive Growth Despite Challenges

Employee Cost - Quarterly: Highest at Rs 63.72 cr in the last five quarters. Increase in employee cost may impact profitability in the long run.

Despite these challenges, Allsec Technologies, a leading BPO/ITeS company in the smallcap industry, has reported positive financial results for the quarter ending June 2024. The company's stock has received a 'Buy' call from MarketsMOJO, indicating a positive outlook for investors.

In the last three months, Allsec Tech.'s financial score has fallen from 20 to 17, but the company has still shown strong growth in key areas. The Profit After Tax (PAT) for the half-yearly period has grown by 40.24% year on year, with a very positive trend in the near term. The company's Operating Cash Flow for the last three years has been consistently high, indicating strong cash revenues from business operations. The Net Sales for the half-yearly period have also shown a positive growth of 20.21% year on year. This has resulted in a higher Earnings per Share (EPS) of Rs 20.96 in the last five quarters, showcasing the company's increasing profitability and ability to generate higher earnings for shareholders. Additionally, the Debtors Turnover Ratio for the half-yearly period has been the highest in the last five periods, indicating that the company has been able to settle its debtors faster.

However, there are some areas that need improvement for Allsec Tech. The Non Operating Income for the last five quarters has been the highest at Rs 2.84 cr, but this may not be sustainable as it comes from non-business activities. The Employee Cost for the last five quarters has also been the highest at Rs 63.72 cr, which may impact profitability in the long run.

Overall, Allsec Technologies has shown positive financial performance for the quarter ending June 2024, with strong growth in key areas. With a 'Buy' call from MarketsMOJO, the company's stock is expected to perform well in the near future.