Tera Software Reports Strong Financial Performance in Q3, PAT Increases by 561.63%

Tera Software, a microcap IT software company, has recently declared its financial results for the quarter ending September 2024. The company has shown positive growth in its financial performance, with its score improving from 4 to 7 in the last 3 months.

One of the key highlights of the financial results is the significant growth in Profit After Tax (PAT) for the half-yearly period, which has increased by 561.63% year on year. This is a very positive trend for the company. Moreover, the PAT for the half-yearly period is higher than the preceding 12 months, indicating a strong performance in the first half of the financial year.

In terms of sales, Tera Software has achieved its highest quarterly net sales of Rs 25.34 crore in the last five quarters. This shows a positive trend in the near term for the company.

However, there are some areas that need improvement for Tera Software. The interest cost for the quarter has increased significantly by 110,999,900.00% quarter on quarter, indicating increased borrowings. This is also the highest interest cost in the last five quarters.

Additionally, the company's non-operating income is 46.33% of its Profit Before Tax (PBT), which is a cause for concern. This suggests that the company's income from non-business activities is high, which may not be a sustainable business model.

Overall, Tera Software has shown a positive financial performance in the quarter ending September 2024. However, investors are advised to hold their stock, as recommended by MarketsMOJO.