Scanpoint Geomatics Shows Strong Growth in Sales and Profit for Q1 FY25

Scanpoint Geomatics, a microcap company in the miscellaneous industry, has recently declared its financial results for the quarter ending June 2024. The company’s net sales for the half-yearly period have shown a significant growth of 284.13% year on year, reaching Rs 37.03 crore. This positive trend in sales is a promising sign for the company’s future performance.

Moreover, the company’s profit after tax (PAT) for the same period has also seen a remarkable growth of 329.73% year on year, reaching Rs 1.59 crore. This indicates that the company’s operations are becoming more efficient and profitable.

In fact, Scanpoint Geomatics has already surpassed its sales and PAT for the previous twelve months in just the first half of the year. This shows a strong potential for the company’s growth and success in the future.

The company’s operating profit (PBDIT) for the quarter ending June 2024 is the highest in the last five quarters, standing at Rs 1.58 crore. This indicates a positive trend in the company’s near-term operating profit.

Furthermore, the company’s cash and cash equivalents for the half-yearly period are at the highest level in the last six periods, reaching Rs 10.10 crore. This shows that the company’s short-term liquidity is improving.

However, one area of concern for Scanpoint Geomatics is its debtors turnover ratio, which is at its lowest in the last five half-yearly periods. This suggests that the company’s pace of settling its debtors has slowed down.

Overall, based on the financial results for the quarter ending June 2024, MarketsMOJO has given a ‘Hold’ call for Scanpoint Geomatics’ stock. With a positive trend in sales, PAT, and operating profit, the company shows potential for growth in the future. However, the company should focus on improving its debtors turnover ratio to maintain a strong financial position.