Sancode Technologies Reports Positive Financial Performance in Q2 FY25

Sancode Technologies, a microcap IT software company, has recently announced its financial results for the quarter ending September 2024. The company has shown positive performance in this quarter, with its score improving from 4 to 6 in the last 3 months.

One of the key highlights of the financial report is the company’s operating profit (PBDIT) for the quarter, which stands at Rs -0.02 crore, the highest in the last five quarters. This indicates a positive trend in the near term for the company’s operating profit.

Similarly, the profit before tax less other income (PBT) for the quarter is also at its highest in the last five quarters, at Rs -0.03 crore. This shows a positive trend in the near term for the company’s PBT.

The company’s profit after tax (PAT) for the quarter is also at its highest in the last five quarters, at Rs 0.14 crore. This indicates a positive trend in the near term for the company’s PAT.

Moreover, the earnings per share (EPS) for the quarter is also at its highest in the last five quarters, at Rs 0.34. This shows an increasing profitability for the company, creating higher earnings for its shareholders.

However, it is important to note that MarketsMOJO has given a ‘Strong Sell’ call for Sancode Tech.’s stock. This could be due to various factors and investors are advised to do their own research before making any investment decisions.

Overall, Sancode Technologies has shown positive financial performance in the quarter ending September 2024, with increasing profitability and higher earnings per share.