Yaari Digital's Q3 financial report shows mixed results, with highest PBT in 5 quarters but low liquidity and debtors turnover.

Nov 09 2024 05:46 PM IST
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Microcap trading company Yaari Digital Integrated Services has released its financial results for the quarter ending September 2024. The company's stock has been given a 'Sell' call by MarketsMojo. While the Profit Before Tax has shown improvement, the company's Cash and Cash Equivalents and Debtors Turnover Ratio have declined, indicating potential liquidity and debt settlement issues.

Yaari Digital Integrated Services, a microcap trading company, has recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Sell' call by MarketsMOJO.

According to the financial report, Yaari Digital's performance for the quarter has been flat, with a score of -2 compared to -1 in the previous quarter. However, there are some positive aspects to the company's financials. The Profit Before Tax less Other Income (PBT) for the quarter was the highest in the last five quarters, at Rs -5.59 crore. This indicates a positive trend in the near term.

On the other hand, there are also some areas of concern for Yaari Digital. The company's Cash and Cash Equivalents for the half-yearly period were at their lowest, at Rs 0.08 crore, in the last six half-yearly periods. This suggests a deterioration in short-term liquidity. Additionally, the Debtors Turnover Ratio for the half-yearly period was at its lowest, at 0.00 times, in the last five half-yearly periods. This indicates that the company's pace of settling its debtors has slowed down.

Overall, Yaari Digital's financial performance for the quarter has been flat, with some positive and negative aspects. Investors should carefully consider these factors before making any investment decisions.
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