AGS Transact Technologies Ltd. (NSE: AGSTRA) shares fall over 5% today after company reported consolidated revenue of ₹9,011 million and a loss of ₹1,652 million for the nine months ending December 31, 2024, largely due to delays in the realisation of trade receivables and operational challenges. The company has acknowledged several liquidity issues, which have been affecting its operations.
Some of the key challenges include:
- Defaults in interest and principal repayments on certain borrowings, attributed to cash flow impact from collection delays and pending invoicing.
- Revision of credit ratings due to debt servicing delays.
- Lower revenue in the current quarter, which impacted both liquidity and operations.
In response to these difficulties, the company is taking corrective actions, including:
- Negotiations with lenders for restructuring loans, with ongoing discussions in progress.
- Exploring stake sales in subsidiaries to improve cash flow.
- Strengthening efforts to collect outstanding trade receivables.
The company is committed to addressing these issues and restoring confidence among stakeholders, while also improving its financial health.
YTD Stock Details:
- Current Price: ₹28.64 (-5.01% today)
- Previous Close: ₹30.15
- Day Range: ₹28.64 – ₹28.64
- Year Range: ₹28.64 – ₹118.40
- Market Cap: ₹3.67 billion
- P/E Ratio: 40.14
- Dividend Yield: Not available
- Avg. Volume: 386.14K shares
- Primary Exchange: NSE
The stock has seen a significant decline of 58.09% year-to-date (YTD), reflecting the operational and financial hurdles the company is currently facing.
