IntraSoft Technologies Ltd reports earnings for Q4FY21

IntraSoft Technologies Ltd. (BSE: 533181, NSE: ISFT) today announced its Results for the Quarter and Financial Year ended 31 March 2021.

Q4 and FY 2020-21 HIGHLIGHTS:

- Operating Cash Flow for the quarter was $1.65 million, as against $(1.26) million in the comparable quarter last year.

- Operating Cash Flow for the financial year was $4.15 million, as against $(0.39) million last year.

MANAGEMENT'S STATEMENT ON THE E-COMMERCE BUSINESS

"This quarter's cash flow performance carries forward the year's momentum," said Arvind Kajaria, Managing Director. "It's an outcome of the challenges we undertook to strengthen the business foundation. We continue to invest towards building the team, and work in line with our focus for the next year."

Other Highlights:

- Revenue for the quarter stood at $14.44 million, as against $16.83 million in the comparable quarter last year. For the financial year it was $81.31 million, as against $82.03 million last year.

- Accounts Payable at the end of 31st March was $3.30 million, as compared to $3.36 million same time last year. This reflects approximately 17.8 Accounts Payable Days on an annualized basis.

- Inventories at the end of 31st March was $13.53 million, as compared to $16.25 million same time last year. This reflects approximately 3.9 Inventory Turns on an annualized basis.

- Accounts Receivable at the end of 31st March was $0.17 million, as compared to $0.27 million same time last year. This reflects approximately 1.5 Accounts Receivable Days on an annualized basis.

Shares of INTRASOFT TECHNOLOGIES LTD. was last trading in BSE at Rs.99.95 as compared to the previous close of Rs. 95.85. The total number of shares traded during the day was 7505 in over 187 trades.

The stock hit an intraday high of Rs. 100.6 and intraday low of 97.55. The net turnover during the day was Rs. 745695.

Source : Equity Bulls

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