I am a shareholder in Moschip, can you tell me about the latest results?
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Answer
Answer
For the quarter ended Sep 2020, Moschip Semiconductors reported a 163% growth in sales revenues to Rs.18.76 crore as against a sales number of just Rs.7.12 crore in September 2019.Even the quarter net loss at Rs.1.67 crore was better than the Rs.6.55 crore net loss reported in the Sep-19 quarter.
For the Sep-20 quarter, the earnings before interest, tax, depreciation and amortization or EBITDA stood at Rs.1.59 crore. While the stock of Moschip has appreciated 65% in the last six months, that appears to be more of IT euphoria. You need to be cautious.