Silver Touch Technologies Reports Strong Financial Performance in Q1 FY25

Silver Touch Technologies, a microcap IT software company, has recently announced its financial results for the quarter ending March 2024. The company’s stock has been given a ‘Hold’ call by MarketsMOJO.

According to the financial report, Silver Touch has shown a very positive performance in the quarter, with a score of 25, which is an improvement from the previous quarter’s score of 27. This indicates that the company has been able to maintain its growth and profitability despite the challenging market conditions.

One of the key factors contributing to this positive performance is the growth in Profit Before Tax (PBT) less Other Income, which has increased by 119.29% year on year. This shows that the company has been able to effectively manage its expenses and improve its profitability. The trend for PBT in the near term is also very positive.

Another important aspect of the financial results is the growth in Profit After Tax (PAT), which has increased by 104.6% year on year. This indicates that the company has been able to generate higher profits after accounting for taxes. The near term trend for PAT is also very positive.

In terms of sales, Silver Touch has shown a growth of 31.94% year on year, with net sales of Rs 52.38 crore in the quarter. This indicates that the company has been able to increase its revenue and expand its customer base. The near term trend for sales is also positive.

Overall, Silver Touch Technologies has shown a strong financial performance in the quarter ending March 2024. With positive trends in key financial indicators, the company is well-positioned for future growth and success in the IT software industry.