Silver Touch Technologies Reports Strong Financial Performance in Q1 2024

Silver Touch Technologies, a smallcap IT software company, has recently announced its financial results for the quarter ending March 2024. The company has shown a very positive performance in this quarter, with a score of 24, which is an improvement from the previous quarter's score of 21.

One of the key highlights of the financial results is the significant growth in net sales, which has increased by 79.34% year on year. This shows a strong sales trend for the company in the near term. The profit before tax less other income has also seen a growth of 70.62% year on year, indicating a positive trend in the company's profitability. The profit after tax has also increased by 54.5% year on year, further strengthening the company's financial performance.

In addition, Silver Touch has achieved its highest net sales in the last five quarters, which is a positive sign for the company's sales trend in the near term. The operating profit has also reached its highest at Rs 10.89 crore in the last five quarters, showing a positive trend in the company's operations. The profit before tax less other income and profit after tax have also reached their highest in the last five quarters, indicating a strong financial performance.

Furthermore, Silver Touch has also shown an increase in earnings per share, with the highest EPS of Rs 4.98 in the last five quarters. This reflects the company's ability to generate higher earnings for its shareholders.

Based on these financial results, MarketsMOJO has given a 'Buy' call for Silver Touch's stock. With its strong financial performance and positive trends, Silver Touch is poised for growth in the IT software industry.