Infronics Systems Reports Positive Growth in Profit After Tax, Despite 'Sell' Call by MarketsMOJO
Infronics Systems, a microcap IT software company, reported a flat performance in the last quarter but showed significant growth in Profit After Tax (PAT) for the nine-month period, increasing by 639.13% year on year. The company's financials also indicate that it has already surpassed its sales from the previous year in just nine months.
Infronics Systems, a microcap IT software company, recently announced its financial results for the quarter ending December 2023. The company's stock has been given a 'Sell' call by MarketsMOJO.According to the financial report, Infronics Systems has shown a flat performance in the quarter, with a score of 5 compared to 11 in the previous 3 months. However, there are some positive aspects to the company's financials.
One of the highlights is the significant growth in Profit After Tax (PAT) for the nine-month period, which has increased by 639.13% year on year. This is a very positive trend for the company. Additionally, the PAT for the nine-month period is higher at Rs 1.70 crore compared to the preceding 12-month period ending December 2023, which was Rs 0.51 crore. This indicates that the company has already surpassed its sales from the previous year in just nine months.
Overall, while Infronics Systems may have had a flat performance in the last quarter, its financials show promising growth and potential for the future. Investors should keep an eye on the company's progress in the coming months.
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