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Lee & Nee Softwares (Exports) ‘s Q1 Update: Profit Falls by 28.57% Year-on-Year

September 17, 2024September 17, 2024| adminadmin| 0 Comments| 3:40 pm
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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 16.6 % in the past year, decrease in net sales/revenue by -6.96 %.
  • Income over the Year and quarter: There has been decline in other income over the past year which is -4.3 %, Marginal increase in other income during this quarter, up by 33.1%.
  • Profit over the Year and quarter: Challenges in sustaining profitability for Lee & Nee Softwares (Exports) Ltd.. Profit dropped by -31.94 % Year to Year, Lee & Nee Softwares (Exports) Ltd.’s profitability dropped by -128.49 % Quarter to Quarter.
  • EPS over the Year and quarter: EPS increased by 0.00 % Year to Year. EPS decreased by -133.33 % in previous quarter. Analysis needed for shareholder value.

The comprehensive analytics outlining the performance and outlook of Lee & Nee Softwares (Exports) Ltd.‘s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

Metrics Previous Year Previous Quarter Current Quarter Quarter to Quarter Difference Year to Year Difference
Sales Rs. 1.904 Cr Rs. 2.386 Cr Rs. 2.22 Cr -6.96 % + 16.6 %
Expenses Rs. 2.22 Cr Rs. 2.66 Cr Rs. 2.49 Cr -6.39 % + 12.16 %
Operating Profit Rs. -0.32 Cr Rs. -0.27 Cr Rs. -0.27 Cr + 0 % + 15.63 %
OPM % -16.81 % -11.32 % -12.16 % -0.84 % + 4.65 %
Other Income Rs. 0.395 Cr Rs. 0.284 Cr Rs. 0.378 Cr + 33.1 % -4.3 %
Interest Rs. 0 Cr Rs. 0 Cr Rs. 0 Cr 0 % 0 %
Depreciation Rs. 0.01 Cr Rs. 0.03 Cr Rs. 0.03 Cr + 0 % + 200 %
Profit before tax Rs. 0.07 Cr Rs. -0.02 Cr Rs. 0.08 Cr + 500 % + 14.29 %
Tax % 0 % -855.56 % 39.76 % + 895.32 % + 39.76 %
Net Profit Rs. 0.07 Cr Rs. -0.17 Cr Rs. 0.05 Cr + 129.41 % -28.57 %
EPS in Rs Rs. 0.01 Rs. -0.03 Rs. 0.01 + 133.33 % + 0 %


Today, we’re looking at Lee & Nee Softwares (Exports) 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 16.6 %. However, it did see a marginal slip of -6.96 % from the previous quarter. Expenses decreased slightly by -6.39 % quarter-on-quarter, aligning with the annual rise of 12.16 %. Operating profit, while up 15.63 % compared to last year, faced a quarter-on-quarter increase of 0 %, 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 4.65 %, but a shrinkage of -0.84 % sequentially. Other income rose by 33.1 % compared to the last quarter, despite an annual decline of -4.3 %. Depreciation costs climbed by 0 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 200 %. Profit before tax grew annually by 14.29 % but saw an increase from the preceding quarter by 500 %.
Tax expenses as a percentage of profits increased slightly by 39.76 % compared to last year, with a more notable quarter-on-quarter increase of 895.32 %. Net profit fell by -28.57 % year-on-year but experienced a 129.41 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 0 % but a quarterly rise of 133.33 %. In summary, Lee & Nee Softwares (Exports) 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. 1.904 Cr Rs. 2.386 Cr Rs. 2.22 Cr -6.96 % + 16.6 %
Expenses Rs. 2.22 Cr Rs. 2.66 Cr Rs. 2.49 Cr -6.39 % + 12.16 %
Operating Profit Rs. -0.32 Cr Rs. -0.27 Cr Rs. -0.27 Cr + 0 % + 15.63 %
Net Profit Rs. 0.07 Cr Rs. -0.17 Cr Rs. 0.05 Cr + 129.41 % -28.57 %
EPS in Rs Rs. 0.01 Rs. -0.03 Rs. 0.01 + 133.33 % + 0 %


In reviewing Lee & Nee Softwares (Exports) Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 16.6 % year-on-year growth, although there was a slight dip of -6.96 % from the previous quarter. Expenses rose by 12.16 % compared to the previous year, with a decrease of -6.39 % quarter-on-quarter. Operating Profit surged by 15.63 % annually, and saw a 0 % increase from the last quarter.
Net Profit showed yearly decrease of -28.57 %, and experienced a 129.41 % increase from the previous quarter. Earnings Per Share (EPS) rose by 0 % annually, however rose by 133.33 % compared to the last quarter. In essence, while Lee & Nee Softwares (Exports) 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.

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