Tracxn Technologies Announces Q2 Financial Results: Mixed Performance and Concerns for Profitability

Tracxn Technologies, a microcap IT software company, has recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Sell' call by MarketsMOJO.

According to the financial report, Tracxn Technologies has shown a flat performance in the second quarter of the fiscal year 2024-2025. However, there has been a slight improvement in the company's score, which has gone from -9 to -5 in the last three months.

One of the positive aspects of Tracxn Technologies' financials is its Debtors Turnover Ratio, which has been the highest at 23.96 times in the last five half-yearly periods. This indicates that the company has been able to settle its debtors at a faster rate.

On the other hand, the company's Profit After Tax (PAT) for the quarter has fallen by 362.9% compared to the average PAT of the previous four quarters. This is a concerning trend for the company's near-term profitability. Additionally, the company's Non-Operating Income for the quarter is 61.04% of its Profit Before Tax (PBT), which suggests that the company's income from non-business activities is high and may not be a sustainable business model.

Furthermore, Tracxn Technologies' Earnings per Share (EPS) for the quarter is at its lowest at Rs -0.44 in the last five quarters, indicating a decline in profitability and lower earnings for shareholders. The company's Cash and Cash Equivalents for the half-yearly period is also at its lowest at Rs 2.43 crore, which shows a deterioration in short-term liquidity.

Overall, Tracxn Technologies' financial results for the quarter ending September 2024 have been mixed, with some positive and negative aspects. Investors should carefully consider these factors before making any investment decisions.