Objectone Information Systems Reports Improved Profitability Amid Declining Sales in December 2024 Results

Feb 17 2025 01:36 PM IST
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Objectone Information Systems announced its financial results for the quarter ending December 2024, revealing an improvement in profit after tax for the nine-month period, contrasting with a previous loss. However, net sales for the half-yearly period showed a significant decline, indicating potential challenges in the sales outlook.
Objectone Information Systems has recently reported its financial results for the quarter ending December 2024, with the announcement made on February 14, 2025. The company, operating within the IT - Software industry and classified as a microcap, has experienced notable shifts in its financial metrics.

The profit after tax (PAT) for the nine-month period has shown an improvement, reaching Rs 0.67 crore compared to a loss of Rs 1.13 crore in the previous twelve-month period. This indicates a positive development in profitability, as the company has surpassed its sales figures from the prior year within just nine months.

Conversely, the net sales for the half-yearly period have presented challenges, recorded at Rs 8.21 crore, reflecting a year-on-year decline of 27.67%. This trend suggests that the near-term sales outlook may be facing difficulties.

In light of these developments, Objectone Information Systems has undergone an adjustment in its evaluation, with the score reflecting a change from 0 to -1 over the last three months.

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