XT Global Infotech's Financial Report Shows Negative Performance in Q1 FY25

XT Global Infotech, a microcap IT software company, recently announced its financial results for the quarter ending March 2024. The company’s stock has been given a ‘Sell’ call by MarketsMOJO.

According to the financial report, XT Global Infotech has seen a negative performance in the quarter, with a score of -9, which has improved from -10 in the last three months. The company’s profit after tax (PAT) for the quarter has fallen by 25.6% to Rs 2.17 crore, compared to the average PAT of the previous four quarters which was Rs 2.92 crore. This indicates a very negative trend in the near term.

The company’s net sales for the quarter were at its lowest in the last five quarters, at Rs 49.31 crore. This is a decrease of 9.2% from the average net sales of the previous four quarters, which was Rs 54.28 crore. The near term trend for net sales is also negative.

In addition, the debtors turnover ratio for the half-yearly period is at its lowest in the last five periods, at 3.35 times. This suggests that the company’s pace of settling its debtors has slowed down.

Based on these financials, it is evident that XT Global Infotech is facing challenges in terms of its profit, net sales, and debtors turnover. Investors should take note of these factors before making any investment decisions.