63 Moons Technologies Reports Decline in Q2 FY24-25 Financials, Cash Reserves Show Improvement

63 Moons Technologies, a smallcap IT software company, has recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Strong Sell' call by MarketsMOJO.

According to the financial report, 63 Moons Tech. has seen a significant decline in its financial performance for the quarter Q2 FY24-25. The company's score has fallen from -15 to -22 in the last three months.

However, there are some positive aspects to the company's financials. The company's cash and cash equivalents have shown a steady increase, reaching a high of Rs 1,488.68 crore in the last six half-yearly periods. This indicates an improvement in short-term liquidity.

On the other hand, there are some areas that are not performing well for 63 Moons Tech. The company's net sales for the quarter have fallen by 61.1% compared to the average net sales of the previous four quarters. This shows a very negative trend in near-term sales.

Similarly, the company's profit before tax (PBT) has also seen a significant decline of 2052.1% compared to the average PBT of the previous four quarters. The same trend is seen in the company's profit after tax (PAT), which has fallen by 143.3% compared to the average PAT of the previous four quarters. This indicates a very negative trend in near-term profitability.

Moreover, the company's earnings per share (EPS) for the quarter is at its lowest in the last five quarters, at Rs -4.10. This shows a declining profitability and lower earnings for shareholders.

In conclusion, 63 Moons Technologies has reported a negative financial performance for the quarter ending September 2024. Investors should carefully consider these factors before making any investment decisions.