Asit C Mehta Financial Services Reports Flat Q3 FY24-25 Results Amid Liquidity Improvements

Asit C Mehta Financial Services Ltd, operating in the IT - Software sector, has recently reported its financial results for the quarter ending December 2024. The results indicate a flat financial performance for Q3 FY24-25, with a notable adjustment in its evaluation, as the score has shifted to -2 from 11 over the past three months.
On a positive note, the company achieved its highest quarterly net sales in the last five quarters, reaching Rs 15.34 crore, suggesting a favorable near-term sales trend. Additionally, cash and cash equivalents have also reached a peak of Rs 47.68 crore over the last six half-yearly periods, indicating an improvement in short-term liquidity.

Conversely, the financial results reveal challenges for Asit C Mehta Fin. The profit before tax (PBT) has recorded a decline, standing at Rs -3.89 crore, which is significantly lower than the average PBT of the previous four quarters. Similarly, profit after tax (PAT) has also decreased to Rs -2.43 crore, reflecting a negative near-term trend. Furthermore, the company's ability to manage interest payments has weakened, with the operating profit to interest ratio at its lowest in the last five quarters. The debt-equity ratio has reached a high of 3.39 times, indicating increased borrowing to support operations, which may stress liquidity.

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