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Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 21.95 % in the past year, substantial increase in net sales/revenue by 21.02 %.
- 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 56.1 %. Marginal increase in other income during this quarter, up by 4.92%.
- Profit over the Year and quarter: Significant improvement in profitability for SoftTech Engineers Limited. Notable increase of 838.93 % in net profit Year to Year, SoftTech Engineers Limited’s profitability increased by 101.64 % in this quarter.
- EPS over the Year and quarter: EPS increased by 241.38 % Year to Year. EPS increased by 70.69 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 18.34 Cr | Rs. 18.48 Cr | Rs. 22.365 Cr | + 21.02 % | + 21.95 % |
| Expenses | Rs. 13.26 Cr | Rs. 13.54 Cr | Rs. 16.51 Cr | + 21.94 % | + 24.51 % |
| Operating Profit | Rs. 5.08 Cr | Rs. 4.94 Cr | Rs. 5.86 Cr | + 18.62 % | + 15.35 % |
| OPM % | 27.7 % | 26.73 % | 26.2 % | -0.53 % | -1.5 % |
| Other Income | Rs. 0.41 Cr | Rs. 0.61 Cr | Rs. 0.64 Cr | + 4.92 % | + 56.1 % |
| Interest | Rs. 1.18 Cr | Rs. 1.06 Cr | Rs. 1.1 Cr | + 3.77 % | -6.78 % |
| Depreciation | Rs. 2.81 Cr | Rs. 3.25 Cr | Rs. 3.51 Cr | + 8 % | + 24.91 % |
| Profit before tax | Rs. 1.5 Cr | Rs. 1.24 Cr | Rs. 1.89 Cr | + 52.42 % | + 26 % |
| Tax % | 91.32 % | 50.89 % | 34.71 % | -16.18 % | -56.61 % |
| Net Profit | Rs. 0.13 Cr | Rs. 0.61 Cr | Rs. 1.23 Cr | + 101.64 % | + 846.15 % |
| EPS in Rs | Rs. 0.27 | Rs. 0.58 | Rs. 0.99 | + 70.69 % | + 266.67 % |
Today, we’re looking at SoftTech Engineers Limited’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 21.95 %. However, it did see a marginal increase of 21.02 % from the previous quarter. Expenses ticked up slightly by 21.94 % quarter-on-quarter, aligning with the annual rise of 24.51 %. Operating profit, while up 15.35 % compared to last year, faced a quarter-on-quarter increase of 18.62 %, 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 -1.5 %, but a shrinkage of -0.53 % sequentially. Other income rose by 4.92 % compared to the last quarter, despite an annual growth of 56.1 %. Interest expenses surged remarkably by 3.77 % from the previous quarter, yet the year-over-year decrease remains at a moderate -6.78 %. Depreciation costs climbed by 8 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 24.91 %. Profit before tax grew annually by 26 % but saw an increase from the preceding quarter by 52.42 %.
Tax expenses as a percentage of profits decreased slightly by -56.61 % compared to last year, with a more notable quarter-on-quarter decrease of -16.18 %. Net profit rose by 846.15 % year-on-year but experienced a 101.64 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 266.67 % but a quarterly rise of 70.69 %. 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. 18.34 Cr | Rs. 18.48 Cr | Rs. 22.365 Cr | + 21.02 % | + 21.95 % |
| Expenses | Rs. 13.26 Cr | Rs. 13.54 Cr | Rs. 16.51 Cr | + 21.94 % | + 24.51 % |
| Operating Profit | Rs. 5.08 Cr | Rs. 4.94 Cr | Rs. 5.86 Cr | + 18.62 % | + 15.35 % |
| Net Profit | Rs. 0.13 Cr | Rs. 0.61 Cr | Rs. 1.23 Cr | + 101.64 % | + 846.15 % |
| EPS in Rs | Rs. 0.27 | Rs. 0.58 | Rs. 0.99 | + 70.69 % | + 266.67 % |
In reviewing SoftTech Engineers Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 21.95 % year-on-year growth, however, there was a minor increase of 21.02 % from the previous quarter. Expenses rose by 24.51 % compared to the previous year, with a 21.94 % increase quarter-on-quarter. Operating Profit surged by 15.35 % annually, and saw a 18.62 % increase from the last quarter.
Net Profit showed yearly increase of 846.15 %, and experienced a 101.64 % increase from the previous quarter. Earnings Per Share (EPS) rose by 266.67 % annually, however rose by 70.69 % compared to the last quarter. In essence, while SoftTech Engineers Limited 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.
