Tracxn Technologies Reports Strong Q4 Growth Amid Liquidity Concerns and High Non-Operating Income

Tracxn Technologies, operating within the IT - Software industry, has recently reported its financial results for the quarter ending December 2024. The evaluation changes reflect a notable shift in its score, moving to 3 from -5 over the past three months.
The financial data reveals several positive trends for Tracxn Technologies. The Profit After Tax (PAT) for the quarter stands at Rs 1.42 crore, showcasing significant growth compared to the average PAT of Rs 0.06 crore from the previous four quarters. Additionally, net sales reached Rs 21.39 crore, marking the highest figure in the last five quarters, indicating a favorable near-term sales trend. The Debtors Turnover Ratio also reached a peak of 23.96 times over the last five half-yearly periods, suggesting improved efficiency in settling debts.

Conversely, there are areas of concern. Non-operating income constituted 78.53% of Profit Before Tax (PBT), raising questions about the sustainability of the business model. Furthermore, cash and cash equivalents have dipped to Rs 2.43 crore, the lowest in the last six half-yearly periods, indicating challenges in short-term liquidity.

For more insights, Discover the Latest Mojo Score and Financial Trend Performance - SignUp in less than 2 Minutes and get FREE Premium Access.