Megri Soft Reports Flat Performance for Q4, But Shows Positive Trends in Financials

Megri Soft, a microcap IT software company, has recently announced its financial results for the quarter ending December 2023. The company has reported a flat performance for the quarter, with a score of 3 out of 10, which is an improvement from the previous score of -4 in the last three months.

Despite the flat performance, there are some positive trends that can be seen in Megri Soft's financials. The company's operating profit (PBDIT) for the quarter was the highest in the last five quarters, at Rs 0.28 crore. The near-term trend for operating profit is also positive. Similarly, the profit before tax (PBT) less other income for the quarter was also the highest in the last five quarters, at Rs 0.25 crore. The near-term trend for PBT is also positive. The profit after tax (PAT) for the quarter was also the highest in the last five quarters, at Rs 0.20 crore. The near-term trend for PAT is also positive. This indicates that the company is showing signs of increasing profitability and creating higher earnings for its shareholders.

However, there are also some areas of concern for Megri Soft. The company's cash and cash equivalents for the half-yearly period were at its lowest in the last six periods, at Rs 1.48 crore. This indicates a deteriorating short-term liquidity for the company.

Despite the mixed financial results, MarketsMOJO has given a 'Strong Sell' call for Megri Soft's stock. Investors should carefully consider all the information before making any investment decisions.