Subex's Q4 financial results show flat performance, but net sales see positive growth

Subex, a smallcap IT software company, recently announced its financial results for the quarter ending December 2023. According to the report released on February 7, 2024, the company's performance has remained flat compared to the previous quarter, with a score of -1, down from 0 in the last three months.

Despite this, there are some positive aspects to Subex's financials for the quarter. The company's net sales for the quarter were the highest in the last five quarters, at Rs 81.82 crore. This is a 23.5% growth over the average net sales of the previous four quarters, which stood at Rs 66.26 crore. This indicates a positive trend in the company's sales in the near term.

However, there are also some areas of concern for Subex based on its December 2023 financials. The company's debtors turnover ratio for the half-yearly period was the lowest in the last five periods, at 2.71 times. This suggests that the company's pace of settling its debtors has slowed down.

MarketsMOJO, a leading financial analysis platform, has given a 'Hold' call for Subex's stock based on its financial performance. It is important to note that this article is based solely on the information provided by the company and does not include any external data or sources.