Cartrade Tech Reports Strong Q3 FY24-25 Results with Improved Financial Metrics
Cartrade Tech has announced its financial results for Q3 FY24-25, showcasing strong performance with a Profit After Tax of Rs 42.69 crore and net sales of Rs 176.22 crore, the highest in five quarters. The operating profit margin improved to 28.42%, and Earnings per Share reached Rs 9.01.
Cartrade Tech, a midcap player in the IT software industry, has recently reported its financial results for the quarter ending December 2024. The company has demonstrated a very positive financial performance for Q3 FY24-25, with notable improvements in its evaluation metrics. The Profit After Tax (PAT) reached Rs 42.69 crore, reflecting a significant growth compared to the average PAT of the previous four quarters. Additionally, the Profit Before Tax (PBT) also showed a strong upward trend, amounting to Rs 36.66 crore. The net sales for the quarter peaked at Rs 176.22 crore, marking the highest figure in the last five quarters.
Cartrade Tech's operating profit margin improved to 28.42%, indicating enhanced operational efficiency. Furthermore, the Earnings per Share (EPS) reached Rs 9.01, showcasing the company's ability to generate higher earnings for its shareholders. However, the debt-equity ratio has also risen, suggesting an increase in borrowing to support operations, which may impact liquidity.
Overall, Cartrade Tech has experienced a revision in its evaluation, reflecting the positive trends in its financial metrics.
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