TechNVision Ventures reports mixed financial results for Q2 FY25, advised to hold stocks.

TechNVision Ventures, a smallcap BPO/ITeS company, recently declared its financial results for the quarter ending September 2024. The stock call by MarketsMOJO for the company is ‘Hold’.

According to the financial report, TechNVision Ventures has seen a flat performance in the second quarter of the fiscal year 2024-25. The company’s score has fallen from 26 to 1 in the last three months.

However, there are some positive aspects in the company’s financials. The net sales for the half-yearly period have grown by 32.23% year on year, reaching Rs 107.50 crore. The company’s short-term sales trend is also positive. Additionally, the company has the highest cash and cash equivalents of Rs 46.59 crore in the last six half-yearly periods, indicating an improvement in short-term liquidity. The debtors turnover ratio has also improved, with the company being able to settle its debtors faster.

On the other hand, there are some areas of concern in the financial report. The profit before tax less other income (PBT) for the quarter has fallen by -206.67% year on year, reaching Rs -2.88 crore. The profit after tax (PAT) has also seen a decline of -200.8% year on year, reaching Rs -2.58 crore. The operating profit (PBDIT) for the quarter is at its lowest in the last five quarters, and the operating profit margin has also deteriorated. The company’s efficiency has decreased, leading to a negative trend in the near term. The earnings per share (EPS) for the quarter is also at its lowest in the last five quarters, indicating a decline in profitability and lower earnings for shareholders.

Overall, TechNVision Ventures has seen a mixed financial performance in the second quarter of the fiscal year 2024-25. Investors are advised to hold their stocks for now, as the company works towards improving its financials.