Palred Technologies Reports December 2024 Results Highlighting Cash Growth Amid Operational Challenges

Palred Technologies, a microcap player in the IT software industry, has recently reported its financial results for the quarter ending December 2024. The evaluation changes reflect a shift in the company's score, which has moved to -9 from -10 over the past three months.
The financial data reveals some positive aspects for Palred Technologies. The company has achieved its highest cash and cash equivalents in the last six half-yearly periods, totaling Rs 54.09 crore, indicating an improvement in short-term liquidity.

However, several challenges are evident in the financial performance. The inventory turnover ratio has reached its lowest point at 2.62 times, showing a decline in the pace of inventory sales over the last five half-yearly periods. Additionally, the profit after tax (PAT) stands at Rs -3.87 crore, reflecting a year-on-year decline of 27.21%. Net sales for the quarter are reported at Rs 20.33 crore, which is lower than the average of the previous four quarters. Furthermore, the debt-equity ratio has risen to 1.28 times, suggesting increased borrowing to support operations, while the debtors turnover ratio has also hit a low of 2.83 times, indicating a slowdown in settling receivables.

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