Xchanging Solutions Reports Mixed Performance in Q1 2024 Financial Results

Xchanging Solutions, a smallcap company in the BPO/ITeS industry, recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Sell' call by MarketsMOJO.

According to the financials, Xchanging Solutions has seen a negative performance in the quarter, with a score of -8, which has improved from -9 in the last 3 months. However, there are some positive aspects to the company's performance.

The Profit After Tax (PAT) for the quarter was Rs 12.38 crore, showing a growth of 301.3% compared to the average PAT of the previous four quarters, which was Rs 3.09 crore. This indicates a very positive trend in the near term for the company's PAT.

On the other hand, the Profit Before Tax less Other Income (PBT) for the quarter was Rs 8.11 crore, which has fallen by -34.1% compared to the average PBT of the previous four quarters, which was Rs 12.31 crore. This shows a very negative trend in the near term for the company's PBT.

The Operating Profit (PBDIT) for the quarter was at its lowest in the last five quarters, at Rs 9.86 crore. This indicates a negative trend in the near term for the company's operating profit. The Operating Profit Margin for the quarter was also at its lowest in the last five quarters, at 22.18%. This shows a deterioration in the company's efficiency.

Moreover, the Non Operating Income for the quarter was 49.66% of the Profit Before Tax (PBT). This indicates that the company's income from non-business activities is high, which may not be a sustainable business model. The Non Operating Income was also at its highest in the last five quarters, at Rs 8.00 crore, which may not be sustainable in the long run.

Overall, Xchanging Solutions has shown a mixed performance in the quarter ending March 2024, with some positive and negative aspects. Investors should carefully consider these factors before making any investment decisions.