Share the post "R S Software India : Q1 2024 Financial Quarterly Report : YoY Sales Up 69.31 %, QoQ Up 2.85 %"
Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 69.31 % in the past year, substantial increase in net sales/revenue by 2.85 %.
- Income over the Year and quarter: There has been either a marginal increase or a decline in other income over the past year which is 80 %. Marginal decrease of -95.79% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for R S Software India Ltd.. Notable increase of 261.41 % in net profit Year to Year, R S Software India Ltd.’s profitability dropped by -24.21 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 241.38 % Year to Year. EPS decreased by -25.28 % in previous quarter. Analysis needed for shareholder value.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 11.076 Cr | Rs. 18.233 Cr | Rs. 18.753 Cr | + 2.85 % | + 69.31 % |
Expenses | Rs. 8.53 Cr | Rs. 12.43 Cr | Rs. 11.96 Cr | -3.78 % | + 40.21 % |
Operating Profit | Rs. 2.55 Cr | Rs. 5.8 Cr | Rs. 6.79 Cr | + 17.07 % | + 166.27 % |
OPM % | 23.02 % | 31.81 % | 36.21 % | + 4.4 % | + 13.19 % |
Other Income | Rs. 0.05 Cr | Rs. 2.14 Cr | Rs. 0.09 Cr | -95.79 % | + 80 % |
Interest | Rs. 0.05 Cr | Rs. 0.04 Cr | Rs. 0.03 Cr | -25 % | -40 % |
Depreciation | Rs. 1.14 Cr | Rs. 1.2 Cr | Rs. 1.35 Cr | + 12.5 % | + 18.42 % |
Profit before tax | Rs. 1.41 Cr | Rs. 6.7 Cr | Rs. 5.5 Cr | -17.91 % | + 290.07 % |
Tax % | 0 % | 0 % | 7.55 % | + 7.55 % | + 7.55 % |
Net Profit | Rs. 1.41 Cr | Rs. 6.71 Cr | Rs. 5.09 Cr | -24.14 % | + 260.99 % |
EPS in Rs | Rs. 0.58 | Rs. 2.65 | Rs. 1.98 | -25.28 % | + 241.38 % |
Today, we’re looking at R S Software India Ltd.’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 69.31 %. However, it did see a marginal increase of 2.85 % from the previous quarter. Expenses decreased slightly by -3.78 % quarter-on-quarter, aligning with the annual rise of 40.21 %. Operating profit, while up 166.27 % compared to last year, faced a quarter-on-quarter increase of 17.07 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 13.19 %, but an expansion of 4.4 % sequentially. Other income fell by -95.79 % compared to the last quarter, despite an annual growth of 80 %. Interest expenses dropped significantly by -25 % from the previous quarter, yet the year-over-year decrease remains at a moderate -40 %. Depreciation costs climbed by 12.5 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 18.42 %. Profit before tax grew annually by 290.07 % but saw a reduction from the preceding quarter by -17.91 %.
Tax expenses as a percentage of profits increased slightly by 7.55 % compared to last year, with a more notable quarter-on-quarter increase of 7.55 %. Net profit rose by 260.99 % year-on-year but witnessed a -24.14 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 241.38 % but a quarterly fall of -25.28 %. In summary, R S Software India Ltd.’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 11.076 Cr | Rs. 18.233 Cr | Rs. 18.753 Cr | + 2.85 % | + 69.31 % |
Expenses | Rs. 8.53 Cr | Rs. 12.43 Cr | Rs. 11.96 Cr | -3.78 % | + 40.21 % |
Operating Profit | Rs. 2.55 Cr | Rs. 5.8 Cr | Rs. 6.79 Cr | + 17.07 % | + 166.27 % |
Net Profit | Rs. 1.41 Cr | Rs. 6.71 Cr | Rs. 5.09 Cr | -24.14 % | + 260.99 % |
EPS in Rs | Rs. 0.58 | Rs. 2.65 | Rs. 1.98 | -25.28 % | + 241.38 % |
In reviewing R S Software India Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 69.31 % year-on-year growth, however, there was a minor increase of 2.85 % from the previous quarter. Expenses rose by 40.21 % compared to the previous year, with a decrease of -3.78 % quarter-on-quarter. Operating Profit surged by 166.27 % annually, and saw a 17.07 % increase from the last quarter.
Net Profit showed yearly increase of 260.99 %, and experienced a -24.14 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 241.38 % annually, however dipped by -25.28 % compared to the last quarter. In essence, while R S Software India Ltd. exhibits strong annual growth indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.