Silver Touch Technologies Reports Strong Q3 Growth Amid Score Adjustment

Jan 31 2025 10:02 PM IST
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Silver Touch Technologies has announced its financial results for the quarter ending December 2024, showing significant growth in key metrics. The Profit After Tax for the nine-month period reached Rs 12.98 crore, up 33.13% year-on-year, while quarterly net sales rose to Rs 74.38 crore, reflecting a 39.47% increase. The Debtors Turnover Ratio also improved, reaching 3.27 times.
Silver Touch Technologies, a microcap player in the IT software industry, has recently reported its financial results for the quarter ending December 2024. The results indicate a positive trajectory in several key areas. The Profit After Tax (PAT) for the nine-month period reached Rs 12.98 crore, reflecting a year-on-year growth of 33.13%. This suggests a favorable trend in profitability for the company.

Additionally, the quarterly net sales amounted to Rs 74.38 crore, showcasing a year-on-year increase of 39.47%. This growth in sales indicates a robust demand for Silver Touch's offerings during this period. Furthermore, the company's Debtors Turnover Ratio has reached its highest point in the last five half-yearly periods at 3.27 times, indicating improved efficiency in managing receivables.

Despite these positive indicators, the overall evaluation of Silver Touch Technologies has undergone an adjustment, with the score reflecting a shift from 14 to 9 over the past three months. This revision in its score highlights the dynamic nature of the company's performance and market conditions.

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