XT Global Infotech Reports Negative Performance in Q2 FY24-25

Nov 14 2024 02:45 PM IST
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XT Global Infotech, a microcap IT software company, has reported a negative performance in the second quarter of FY24-25. The company's net sales have been consistently declining, with the second quarter seeing the lowest sales in the last five quarters. The Profit After Tax has also shown a negative growth rate, indicating a concerning trend for the company.
XT Global Infotech, a microcap IT software company, recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Hold' call by MarketsMOJO.

According to the financial report, XT Global Infotech has seen a negative performance in the second quarter of the fiscal year 2024-2025. The company's score has fallen from -9 to -10 in the last three months.

One of the major factors contributing to this decline is the company's net sales, which have been consistently falling in the last five quarters. In the second quarter of FY24-25, the net sales were at their lowest at Rs 48.74 crore. This trend of declining sales has continued in the near term, indicating a negative sales trend.

Another concerning aspect of the financial report is the company's Profit After Tax (PAT), which has grown at a negative rate of -21.16% year on year. This is reflected in the half-yearly PAT of Rs 4.88 crore. The near term trend for PAT is also negative.

Furthermore, the company's net sales for the quarter have fallen by -8.6% compared to the average net sales of the previous four quarters. This decline in sales is a cause for concern and indicates a negative sales trend in the near term.

Overall, the financial results for the quarter ending September 2024 show a negative performance for XT Global Infotech. Investors are advised to hold their stock, as recommended by MarketsMOJO.
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