Trigyn Technologies Reports Mixed Financial Performance

Trigyn Technologies, a microcap IT software company, recently announced its financial results for the quarter ended September 2023. The company's stock has been given a 'Hold' call by MarketsMOJO.

According to the quarterly analysis, Trigyn Techno. has seen a decline in net sales by -1.98% compared to the previous quarter. The consolidated net profit has also decreased by -10.17% in the same period. The operating profit (PBDIT) excluding other income has also shown a decline of -8.81%. However, the interest expenses have decreased by -9.52%.

The operating profit margin (excluding other income) has fallen from the previous quarter. Trigyn Techno. has seen a flat financial performance in the quarter of September 2023, with a score of 1 out of 10, which is a decrease from the previous quarter.

Despite this, there are some positive aspects of the company's financials. The profit after tax (PAT) for the half-yearly period has grown by 37.01% year on year, and the debtors turnover ratio is at its highest in the last five half-yearly periods, indicating that the company has been able to settle its debtors faster.

However, there are also some areas of concern. The inventory turnover ratio has been consistently decreasing in the last five half-yearly periods, indicating a slower pace of selling inventory. The net sales for the quarter have also been the lowest in the last five quarters, and the company's short-term liquidity is deteriorating, with the lowest cash and cash equivalents in the last six half-yearly periods.

Overall, Trigyn Technologies has shown a mixed financial performance in the quarter ended September 2023. Investors should carefully consider these factors before making any investment decisions.