Panache Digilife Limited Posts 163% Profit Rise, Cash Overdraft
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Panache Digilife Limited posted a dramatic earnings surge but remains under liquidity pressure.
- Revenue surged 101% YoY to Rs 23,311 L, propelled by higher sales of computer systems, IT hardware and peripherals; quarter‑on‑quarter revenue rose 35%.
- Net profit after tax jumped 163% YoY to Rs 1,540 L, with EPS climbing to Rs 9.99 basic and Rs 8.43 diluted (≈ 140% increase).
- Cash position stayed in overdraft at ‑Rs 2.13 Bn; operating cash flow was negative Rs 233 L, and short‑term borrowings total Rs 2.47 Bn, highlighting ongoing liquidity strain.
- Equity raised Rs 2.8875 Bn (warrant conversion Rs 477.5 L + share issues Rs 2.41 Bn) generated a Rs 1.98 Bn financing cash inflow and bolstered the balance sheet.
- Risks: continued cash‑flow deficit, high short‑term debt, and the non‑going‑concern status of Technofy Digital Private Ltd; Opportunities: strong IT hardware demand and expanded manufacturing capacity from the equity infusion.
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