Share the post "Newgen Software Technologies : Q1 2024 Financial Quarterly Report : YoY Sales Up 26.46 %, QoQ Down 19.14 %"
Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 26.46 % in the past year, decrease in net sales/revenue by -19.14 %.
- 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 81.17 %. Marginal increase in other income during this quarter, up by 57.68%.
- Profit over the Year and quarter: Significant improvement in profitability for Newgen Software Technologies Limited. Notable increase of 51.53 % in net profit Year to Year, Newgen Software Technologies Limited’s profitability dropped by -58.13 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -24.63 % Year to Year. EPS decreased by -58.15 % 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. 223.603 Cr | Rs. 349.681 Cr | Rs. 282.769 Cr | -19.14 % | + 26.46 % |
Expenses | Rs. 196 Cr | Rs. 231.82 Cr | Rs. 241.57 Cr | + 4.21 % | + 23.25 % |
Operating Profit | Rs. 27.6 Cr | Rs. 117.86 Cr | Rs. 41.2 Cr | -65.04 % | + 49.28 % |
OPM % | 12.34 % | 33.71 % | 14.57 % | -19.14 % | + 2.23 % |
Other Income | Rs. 11.95 Cr | Rs. 13.73 Cr | Rs. 21.65 Cr | + 57.68 % | + 81.17 % |
Interest | Rs. 1.07 Cr | Rs. 1.18 Cr | Rs. 0.94 Cr | -20.34 % | -12.15 % |
Depreciation | Rs. 5.33 Cr | Rs. 6.86 Cr | Rs. 7.15 Cr | + 4.23 % | + 34.15 % |
Profit before tax | Rs. 33.15 Cr | Rs. 123.55 Cr | Rs. 54.76 Cr | -55.68 % | + 65.19 % |
Tax % | 15.63 % | 18.07 % | 22.58 % | + 4.51 % | + 6.95 % |
Net Profit | Rs. 27.97 Cr | Rs. 101.23 Cr | Rs. 42.39 Cr | -58.13 % | + 51.56 % |
EPS in Rs | Rs. 3.93 | Rs. 7.01 | Rs. 2.94 | -58.06 % | -25.19 % |
Today, we’re looking at Newgen Software Technologies 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 26.46 %. However, it did see a marginal slip of -19.14 % from the previous quarter. Expenses ticked up slightly by 4.21 % quarter-on-quarter, aligning with the annual rise of 23.25 %. Operating profit, while up 49.28 % compared to last year, faced a quarter-on-quarter dip of -65.04 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 2.23 %, but a shrinkage of -19.14 % sequentially. Other income rose by 57.68 % compared to the last quarter, despite an annual growth of 81.17 %. Interest expenses dropped significantly by -20.34 % from the previous quarter, yet the year-over-year decrease remains at a moderate -12.15 %. Depreciation costs climbed by 4.23 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 34.15 %. Profit before tax grew annually by 65.19 % but saw a reduction from the preceding quarter by -55.68 %.
Tax expenses as a percentage of profits increased slightly by 6.95 % compared to last year, with a more notable quarter-on-quarter increase of 4.51 %. Net profit rose by 51.56 % year-on-year but witnessed a -58.13 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -25.19 % but a quarterly fall of -58.06 %. In summary, Newgen Software Technologies 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. 223.603 Cr | Rs. 349.681 Cr | Rs. 282.769 Cr | -19.14 % | + 26.46 % |
Expenses | Rs. 196 Cr | Rs. 231.82 Cr | Rs. 241.57 Cr | + 4.21 % | + 23.25 % |
Operating Profit | Rs. 27.6 Cr | Rs. 117.86 Cr | Rs. 41.2 Cr | -65.04 % | + 49.28 % |
Net Profit | Rs. 27.97 Cr | Rs. 101.23 Cr | Rs. 42.39 Cr | -58.13 % | + 51.56 % |
EPS in Rs | Rs. 3.93 | Rs. 7.01 | Rs. 2.94 | -58.06 % | -25.19 % |
In reviewing Newgen Software Technologies Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 26.46 % year-on-year growth, although there was a slight dip of -19.14 % from the previous quarter. Expenses rose by 23.25 % compared to the previous year, with a 4.21 % increase quarter-on-quarter. Operating Profit surged by 49.28 % annually, and saw a -65.04 % decrease from the last quarter.
Net Profit showed yearly increase of 51.56 %, and experienced a -58.13 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -25.19 % annually, however dipped by -58.06 % compared to the last quarter. In essence, while Newgen Software Technologies 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.