Saksoft Reports Strong Financial Performance Despite Negative Recommendation

Saksoft, a smallcap IT software company, has recently announced its financial results for the quarter ending March 2024. The company has received a 'Sell' call from MarketsMOJO, a leading financial analysis platform.

Despite the negative recommendation, Saksoft has shown a positive financial performance in the quarter. In fact, the company's score has improved from 1 to 8 in the last three months. This is a significant improvement and reflects the company's strong financials.

One of the key factors contributing to Saksoft's positive performance is its operating cash flow. The company has consistently generated high cash revenues from its business operations, with an annual figure of Rs 116.69 crore. This is also reflected in the company's net sales, which have shown a steady growth in the last five quarters, reaching a high of Rs 201.01 crore in the quarter ending March 2024.

Saksoft's operating profit (PBDIT) has also been on an upward trend, with the highest figure of Rs 35.04 crore in the last five quarters. Similarly, the company's profit after tax (PAT) has shown a positive trend, reaching a high of Rs 25.59 crore in the same period. This has also resulted in a higher earnings per share (EPS) of Rs 2.53, indicating an increase in profitability and value for shareholders.

In terms of liquidity, Saksoft has also shown improvement with its cash and cash equivalents reaching a high of Rs 192.52 crore in the last six half-yearly periods. This indicates a strong short-term liquidity position for the company.

Overall, Saksoft's financial performance in the quarter ending March 2024 has been positive, with key indicators showing an upward trend. However, investors should carefully consider the 'Sell' call by MarketsMOJO before making any investment decisions.