63 Moons Technologies Reports December 2024 Results Amid Operational Challenges and Declining Metrics

Feb 12 2025 10:51 PM IST
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63 Moons Technologies has announced its financial results for the quarter ending December 2024, highlighting operational challenges. While the company reported its highest cash and cash equivalents in recent periods, it faced significant declines in net sales and profit metrics, prompting a revision in its evaluation.
63 Moons Technologies has recently reported its financial results for the quarter ending December 2024, revealing significant challenges within its operations. The company's evaluation has undergone a revision, reflecting a notable decline in its score over the past three months.

On a positive note, 63 Moons Technologies has achieved its highest cash and cash equivalents in the last six half-yearly periods, amounting to Rs 1,488.68 crore, indicating an improvement in short-term liquidity. However, this positive aspect is overshadowed by substantial declines in key financial metrics.

Net sales for the quarter stood at Rs 11.78 crore, which represents a significant drop compared to the average net sales of the previous four quarters. Additionally, the profit before tax less other income (PBT) recorded a loss of Rs 72.18 crore, marking a considerable downturn from prior averages. The profit after tax (PAT) also reflected a negative trend, with a loss of Rs 19.91 crore, the lowest in the last five quarters.

Overall, the financial results for 63 Moons Technologies indicate a challenging environment, prompting adjustments in its evaluation.

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