Alldigi Tech Reports Strong Q3 FY24-25 Sales Amid Liquidity Concerns
Alldigi Tech has announced its third-quarter financial results for FY24-25, reporting the highest quarterly net sales in five quarters at Rs 139.46 crore and a Profit After Tax of Rs 19.92 crore. However, the company faces challenges with declining cash reserves and uncertain non-operating income sustainability.
Alldigi Tech has recently released its financial results for the third quarter of FY24-25, showcasing a range of developments that have led to adjustments in its evaluation. The company reported its highest quarterly net sales in the last five quarters, amounting to Rs 139.46 crore. Additionally, the Profit After Tax (PAT) for the quarter was Rs 19.92 crore, which reflects a notable growth compared to the average PAT of Rs 15.54 crore from the previous four quarters.On the other hand, Alldigi Tech is encountering some challenges. The company's cash and cash equivalents have fallen to Rs 62.62 crore, representing the lowest level in the last six half-yearly periods, which raises concerns about short-term liquidity. While there has been an increase in non-operating income to Rs 3.58 crore, the sustainability of this income from non-business activities remains uncertain.
Overall, Alldigi Tech's financial results illustrate a complex landscape as the company continues to adapt to market conditions.
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