Cartrade Tech Reports Strong Financial Growth and Solid Market Position

Cartrade Tech, a midcap player in the IT software industry, has recently undergone an evaluation adjustment that reflects its strong financial standing and market position. The company reported very positive financial performance for the quarter ending December 2024, showcasing a significant annual growth rate in operating profit of 41.04%. Additionally, net profit surged by 48.16%, marking a consistent trend of positive results over the last 11 consecutive quarters.
The company's financial metrics indicate a low debt-to-equity ratio, which stands at 0 times, suggesting a solid balance sheet. Furthermore, the operating profit to interest ratio reached its highest level at 17.21 times, while profit before tax less other income grew to Rs 36.66 crore, reflecting a growth of 47.3%. The profit after tax also peaked at Rs 42.69 crore.

Cartrade Tech has demonstrated robust institutional support, with holdings at 74.79%, indicating confidence from investors with substantial analytical resources. The stock has outperformed the BSE 500 index over various time frames, generating impressive returns of 145.56% over the past year.

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