As mentioned in my writeup, we will need to wait for FY24 annual report to decipher the numbers in detail. Also, in microcap numbers might not make much sense as they would be investing for future for eg., you would see significant build-up in their fixed assets in FY24 which are towards computers, office space, etc. At this stage of micrcap you need to check on Management quality. If that is comfortable for you, you can invest and monitor their strategy and execution.
Disclosure: Invested. Please do your own due diligence.
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