IntraSoft Technologies gains 2% after strong cash flow in Q4

The company’s revenue for the quarter (Q4) stood at $14.44 million, as against $16.83 million in the comparable quarter last year.

Jun 29, 2021 10:06 IST India Infoline News Service

Quarterly Results
IntraSoft Technologies Ltd. On Monday announced its results for the quarter and fiscal year ended March 31, 2021. 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.

The company’s revenue for the quarter (Q4) 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.

The company said, accounts payable at the end of March 31 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 March 31 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 March 31 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.

“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.”

At around 10.15 am, Intrasoft Technologies Ltd was trading at Rs101.80 per piece up by Rs1.85 or 1.85% from its previous closing of Rs99.95 per piece on the BSE.

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