Reliable Data Services Reports Strong Financial Growth Amid Rising Costs and Debt Challenges

Feb 15 2025 12:53 PM IST
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Reliable Data Services announced its financial results for the quarter ending December 2024, showcasing significant growth in key metrics. Profit Before Tax reached Rs 4.55 crore, while Profit After Tax surged to Rs 4.12 crore. Net sales totaled Rs 33.41 crore, reflecting a strong upward trend in performance.
Reliable Data Services, a microcap company in the IT software industry, recently announced its financial results for the quarter ending December 2024. The report, released on February 14, 2025, highlights significant developments in the company's financial metrics.

The company has reported a remarkable performance, with its score reflecting a notable adjustment in evaluation, moving to 30 from -5 over the past three months. Key financial indicators show a strong upward trend. Profit Before Tax less Other Income (PBT) reached Rs 4.55 crore, marking a year-on-year growth of 205.37%. Similarly, Profit After Tax (PAT) surged to Rs 4.12 crore, demonstrating an impressive year-on-year increase of 464.4%.

Net sales also saw a positive trajectory, totaling Rs 33.41 crore, which is a 62.74% rise compared to the previous year. The company achieved its highest operating profit margin in five quarters at 20.77%, indicating improved efficiency. However, the financial results also reveal challenges, such as a rising interest cost and a declining Debtors Turnover Ratio, which suggests a slower pace in settling debts.

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