DigiSpice Technologies Reports Mixed Financial Results Amidst Liquidity Improvements in December 2024
DigiSpice Technologies has released its financial results for the quarter ending December 2024, showcasing record net sales of Rs 112.98 crore and peak cash reserves of Rs 420.29 crore. However, the company faces challenges with declining profits and a reduced debtors turnover ratio, indicating ongoing financial pressures.
DigiSpice Technologies has recently reported its financial results for the quarter ending December 2024, revealing a complex picture of its performance. The company has experienced notable changes in its evaluation, with the score adjusting to -15 from -22 over the past three months.On a positive note, DigiSpice Technologies achieved its highest quarterly net sales in the last five quarters, reaching Rs 112.98 crore. Additionally, the company's cash and cash equivalents have also reached a peak of Rs 420.29 crore over the last six half-yearly periods, indicating an improvement in short-term liquidity.
However, challenges remain evident in the financial results. The profit before tax has shown a significant decline, recorded at Rs -3.08 crore, reflecting a year-on-year decrease of 149.84%. Similarly, profit after tax has also fallen to Rs 0.91 crore, down 43.3% year-on-year. Furthermore, the debtors turnover ratio has reached its lowest point at 12.43 times, indicating a slowdown in the company's ability to settle its debts. The earnings per share have also declined to Rs -0.95, suggesting reduced profitability for shareholders.
Overall, DigiSpice Technologies is navigating a landscape marked by both positive developments and significant challenges.
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