SecureKloud Technologies Reports Declining Sales and Deteriorating Liquidity in December 2024 Results

SecureKloud Technologies has recently reported its financial results for the quarter ending December 2024, revealing significant challenges within its operations. The company's score has undergone an adjustment in evaluation, reflecting a shift to -21 from -15 over the past three months.
The financial data indicates that while the Profit Before Tax (PBT) reached its highest level in five quarters at Rs -9.99 crore, the overall performance remains concerning. The near-term PBT trend shows some positive movement, yet this is overshadowed by other metrics.

Net sales for the quarter were recorded at Rs 40.81 crore, marking a notable decline of 53.44% year on year. This figure represents the lowest sales level in the last five quarters, indicating a very negative near-term sales trend. Additionally, the Profit After Tax (PAT) fell to Rs -9.63 crore, a decrease of 74.1% year on year, further emphasizing the challenges faced by the company.

Moreover, cash and cash equivalents have reached their lowest point in the last six half-yearly periods at Rs 0.41 crore, suggesting deteriorating short-term liquidity. Although non-operating income has seen an uptick, reaching Rs 1.46 crore, this increase may not be sustainable.

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