Reliable Data Services Reports Mixed Performance in Recent Quarter
Reliable Data Services, 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, Reliable Data has seen a flat performance in the second quarter of the fiscal year 2024-2025. The company's score has fallen from 6 to -5 in the last three months.
However, there are some positive aspects to the company's financials. The net sales for the quarter have grown by 31.28% year on year, reaching Rs 23.71 crore. The near-term sales trend is also positive.
On the other hand, there are some areas of concern for Reliable Data. The interest cost for the quarter has increased by 109,999,900.00% quarter on quarter, reaching Rs 1.10 crore. This signifies increased borrowings for the company.
Moreover, the company's ability to manage interest payments has deteriorated, with the operating profit to interest ratio being the lowest in the last five quarters. The interest cost has also reached its highest in the last five quarters, increasing by 109,999,900.00% quarter on quarter.
In addition, the debtors turnover ratio for the half-yearly period is the lowest in the last five periods, indicating a slowdown in the company's pace of settling its debtors.
Overall, Reliable Data Services has shown a mixed performance in the recent quarter, with some positive and negative aspects. Investors should carefully analyze the company's financials before making any investment decisions.
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