Kernex Microsystems Reports Strong December 2024 Results Amid Rising Interest Costs

Feb 13 2025 02:33 PM IST
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Kernex Microsystems (India) reported its financial results for the quarter ending December 2024, highlighting net sales of Rs 36.81 crore and the highest profit before tax in five quarters at Rs 6.74 crore. The company also noted an increase in interest costs, reflecting a rise in borrowings.
Kernex Microsystems (India), a small-cap player in the IT software industry, recently announced its financial results for the quarter ending December 2024. The company reported a notable performance, with net sales reaching Rs 36.81 crore, reflecting a significant growth compared to the average of the previous four quarters. This positive trend in sales is complemented by an impressive operating profit to interest ratio, which stands at 7.03 times, indicating an enhanced capacity to manage interest obligations.

Additionally, Kernex Microsystems achieved its highest profit before tax in the last five quarters at Rs 6.74 crore, alongside a profit after tax of Rs 7.18 crore, both showcasing a favorable trajectory in profitability. The earnings per share also reached a peak of Rs 4.28, highlighting the company's ability to generate higher returns for its shareholders.

However, the financial results also reveal an increase in interest costs, which rose to Rs 4.28 crore over the previous half-year period, suggesting a rise in borrowings. This aspect may warrant attention as the company navigates its financial landscape.

In light of these developments, Kernex Microsystems has experienced an adjustment in its evaluation, with its score reflecting a change from 23 to 22 over the past three months.

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