United Interactive's Q2 2024 Financial Results Show Mixed Performance, Cash Reserves Remain Strong
United Interactive, a microcap company in the BPO/ITeS industry, reported its financial results for the quarter ending June 2024. Despite a high cash position, the company's performance remained flat with a score of -1. However, its EPS and debtors turnover ratio have declined, indicating potential concerns for investors.
United Interactive, a microcap company in the BPO/ITeS industry, recently announced its financial results for the quarter ending June 2024. The results, declared on August 13, have received a 'Sell' call from MarketsMOJO.
According to the financials, United Interactive's performance has remained flat in the past quarter, with a score of -1 compared to 3 in the previous three months. However, there are some positive aspects to note from the company's financials.
One of the strengths of United Interactive is its cash and cash equivalents, which have been consistently high at Rs 19.41 crore in the last six half-yearly periods. This indicates that the company has a strong short-term liquidity position.
On the other hand, there are some areas of concern for United Interactive based on its June 2024 financials. The company's earnings per share (EPS) for the quarter were at its lowest in the last five quarters, at Rs -0.16. This shows a decline in profitability and a lower return for shareholders.
Additionally, the company's debtors turnover ratio for the half-yearly period was at its lowest in the last five periods, at 0.00 times. This suggests that United Interactive's pace of settling its debtors has slowed down.
Overall, United Interactive's financial performance for the quarter ending June 2024 has been mixed, with some strengths and weaknesses. Investors should carefully consider these factors before making any investment decisions.
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