Adroit Infotech Reports Strong Financial Performance in Q1 FY25, Receives 'Hold' Call from MarketsMOJO

Adroit Infotech, a microcap company in the animation industry, has recently announced its financial results for the quarter ending June 2024. The company’s stock has been given a ‘Hold’ call by MarketsMOJO.

According to the financial report, Adroit Infotech has shown positive performance in the quarter, with a score of 14 out of 20. This is an improvement from the previous quarter’s score of 20. The company’s Profit After Tax (PAT) for the half-yearly period has seen a significant growth of 262.24% year on year, reaching Rs 2.32 crore. The trend for PAT is also positive, indicating a strong financial performance.

The company’s Net Sales for the half-yearly period have also shown growth of 36.42% year on year, reaching Rs 14.27 crore. This is a positive sign for the company’s near-term sales trend. Additionally, the PAT for the half-yearly period is higher at Rs 2.32 crore compared to the previous 12-month period ending June 2024, which was at Rs -0.58 crore. This shows that the company has already surpassed its PAT for the previous year in just half a year.

However, the Debtors Turnover Ratio for the half-yearly period is at its lowest in the last five periods, at 1.76 times. This indicates that the company’s pace of settling its debtors has slowed down. Overall, Adroit Infotech has shown a positive financial performance in the quarter ending June 2024, with strong growth in PAT and Net Sales. Investors are advised to hold their stocks in the company, as per MarketsMOJO’s recommendation.