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Highlights
- The presented financial data is Standalone to provide a comprehensive overview of the company performance.
- Profit over the Year and quarter: Challenges in sustaining profitability for Softrak Venture Investments Ltd.. Profit dropped by -42.86 % Year to Year, Softrak Venture Investments Ltd.’s profitability dropped by -99.81 % Quarter to Quarter.
- EPS over the Year and quarter:
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 0.032 Cr | Rs. 0 Cr | Rs. 0.078 Cr | 0 % | + 143.75 % |
Expenses | Rs. 0.02 Cr | Rs. 0.15 Cr | Rs. 0.07 Cr | -53.33 % | + 250 % |
Operating Profit | Rs. 0.01 Cr | Rs. -0.15 Cr | Rs. 0.01 Cr | + 106.67 % | + 0 % |
OPM % | 31.25 % | 0 % | 12.82 % | + 12.82 % | -18.43 % |
Other Income | Rs. 0 Cr | Rs. 3.025 Cr | Rs. 0 Cr | 0 % | 0 % |
Interest | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
Depreciation | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
Profit before tax | Rs. 0.01 Cr | Rs. 2.88 Cr | Rs. 0.01 Cr | -99.65 % | + 0 % |
Tax % | 22.22 % | 25.18 % | 20 % | -5.18 % | -2.22 % |
Net Profit | Rs. 0.01 Cr | Rs. 2.15 Cr | Rs. 0 Cr | 0 % | 0 % |
EPS in Rs | Rs. 0 | Rs. 0.48 | Rs. 0 | 0 % | 0 % |
Today, we’re looking at Softrak Venture Investments 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 143.75 %. Expenses decreased slightly by -53.33 % quarter-on-quarter, aligning with the annual rise of 250 %. Operating profit, while up 0 % compared to last year, faced a quarter-on-quarter increase of 106.67 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -18.43 %, but an expansion of 12.82 % sequentially. Profit before tax grew annually by 0 % but saw a reduction from the preceding quarter by -99.65 %.
Tax expenses as a percentage of profits decreased slightly by -2.22 % compared to last year, with a more notable quarter-on-quarter decrease of -5.18 %. In summary, Softrak Venture Investments 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. 0.032 Cr | Rs. 0 Cr | Rs. 0.078 Cr | 0 % | + 143.75 % |
Expenses | Rs. 0.02 Cr | Rs. 0.15 Cr | Rs. 0.07 Cr | -53.33 % | + 250 % |
Operating Profit | Rs. 0.01 Cr | Rs. -0.15 Cr | Rs. 0.01 Cr | + 106.67 % | + 0 % |
Net Profit | Rs. 0.01 Cr | Rs. 2.15 Cr | Rs. 0 Cr | 0 % | 0 % |
EPS in Rs | Rs. 0 | Rs. 0.48 | Rs. 0 | 0 % | 0 % |
In reviewing Softrak Venture Investments Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 143.75 % year-on-year growth, Expenses rose by 250 % compared to the previous year, with a decrease of -53.33 % quarter-on-quarter. Operating Profit surged by 0 % annually, and saw a 106.67 % increase from the last quarter.
In essence, while Softrak Venture Investments Ltd. faces strong annual decline 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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