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Highlights
- The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company experienced a substantial growth of 5.01 % in the past year, decrease in net sales/revenue by -11.68 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -32.1 %, Marginal decrease of -39.75% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Softtech Engineers Limited. Notable increase of 13.32 % in net profit Year to Year, Softtech Engineers Limited’s profitability dropped by -53.66 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -1.96 % Year to Year. EPS decreased by -49.49 % 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. 18.811 Cr | Rs. 22.365 Cr | Rs. 19.753 Cr | -11.68 % | + 5.01 % |
Expenses | Rs. 14.05 Cr | Rs. 16.51 Cr | Rs. 13.74 Cr | -16.78 % | -2.21 % |
Operating Profit | Rs. 4.76 Cr | Rs. 5.86 Cr | Rs. 6.01 Cr | + 2.56 % | + 26.26 % |
OPM % | 25.3 % | 26.2 % | 30.43 % | + 4.23 % | + 5.13 % |
Other Income | Rs. 0.567 Cr | Rs. 0.639 Cr | Rs. 0.385 Cr | -39.75 % | -32.1 % |
Interest | Rs. 1.2 Cr | Rs. 1.1 Cr | Rs. 1.27 Cr | + 15.45 % | + 5.83 % |
Depreciation | Rs. 3.27 Cr | Rs. 3.51 Cr | Rs. 4 Cr | + 13.96 % | + 22.32 % |
Profit before tax | Rs. 0.86 Cr | Rs. 1.89 Cr | Rs. 1.13 Cr | -40.21 % | + 31.4 % |
Tax % | 40.82 % | 34.71 % | 49.24 % | + 14.53 % | + 8.42 % |
Net Profit | Rs. 0.5 Cr | Rs. 1.23 Cr | Rs. 0.57 Cr | -53.66 % | + 14 % |
EPS in Rs | Rs. 0.49 | Rs. 0.99 | Rs. 0.5 | -49.49 % | + 2.04 % |
Today, we’re looking at Softtech Engineers Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 5.01 %. However, it did see a marginal slip of -11.68 % from the previous quarter. Expenses decreased slightly by -16.78 % quarter-on-quarter, aligning with the annual decline of -2.21 %. Operating profit, while up 26.26 % compared to last year, faced a quarter-on-quarter increase of 2.56 %, 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 5.13 %, but an expansion of 4.23 % sequentially. Other income fell by -39.75 % compared to the last quarter, despite an annual decline of -32.1 %. Interest expenses surged remarkably by 15.45 % from the previous quarter, yet the year-over-year increase remains at a moderate 5.83 %. Depreciation costs climbed by 13.96 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 22.32 %. Profit before tax grew annually by 31.4 % but saw a reduction from the preceding quarter by -40.21 %.
Tax expenses as a percentage of profits increased slightly by 8.42 % compared to last year, with a more notable quarter-on-quarter increase of 14.53 %. Net profit rose by 14 % year-on-year but witnessed a -53.66 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 2.04 % but a quarterly fall of -49.49 %. In summary, Softtech Engineers Limited’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. 18.811 Cr | Rs. 22.365 Cr | Rs. 19.753 Cr | -11.68 % | + 5.01 % |
Expenses | Rs. 14.05 Cr | Rs. 16.51 Cr | Rs. 13.74 Cr | -16.78 % | -2.21 % |
Operating Profit | Rs. 4.76 Cr | Rs. 5.86 Cr | Rs. 6.01 Cr | + 2.56 % | + 26.26 % |
Net Profit | Rs. 0.5 Cr | Rs. 1.23 Cr | Rs. 0.57 Cr | -53.66 % | + 14 % |
EPS in Rs | Rs. 0.49 | Rs. 0.99 | Rs. 0.5 | -49.49 % | + 2.04 % |
In reviewing Softtech Engineers Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 5.01 % year-on-year growth, although there was a slight dip of -11.68 % from the previous quarter. Expenses decreased by -2.21 % compared to the previous year, with a decrease of -16.78 % quarter-on-quarter. Operating Profit surged by 26.26 % annually, and saw a 2.56 % increase from the last quarter.
Net Profit showed yearly increase of 14 %, and experienced a -53.66 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 2.04 % annually, however dipped by -49.49 % compared to the last quarter. In essence, while Softtech Engineers Limited exhibits strong annual growth indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.
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