Netweb Technologies India Reports Strong Financial Results for Q2 FY25

Oct 19 2024 04:49 PM IST
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Netweb Technologies India, a midcap IT software company, has reported a strong financial performance for the quarter ending September 2024. The company's Profit After Tax has increased by 103.46% year on year, while net sales and Profit Before Tax have also shown significant growth. MarketsMojo has given a 'Hold' call for the company's stock.

Netweb Technologies India, a midcap IT software company, has recently announced its financial results for the quarter ending September 2024. The company’s stock has been given a ‘Hold’ call by MarketsMOJO.

According to the financial report, Netweb Technologies India has shown a very positive performance in the quarter, with a score of 20 compared to 11 in the previous 3 months. This indicates a significant improvement in the company’s financials.


One of the key highlights of the financial report is the growth in Profit After Tax (PAT) for the half-yearly period, which has increased by 103.46% year on year to Rs 41.16 crore. This shows a very positive trend in the company’s profitability.


In terms of net sales, Netweb Technologies India has recorded a growth of 23.4% in the quarter, with a total of Rs 251.06 crore. This is higher than the average net sales of the previous four quarters, which was Rs 203.40 crore. This indicates a positive trend in the company’s sales performance in the near term.


Similarly, the company’s Profit Before Tax less Other Income (PBT) has also shown a growth of 29.0% in the quarter, with a total of Rs 32.41 crore. This is higher than the average PBT of the previous four quarters, which was Rs 25.12 crore. This indicates a positive trend in the company’s profitability in the near term.


Overall, the financial results for the quarter ending September 2024 show a very positive performance for Netweb Technologies India. With a ‘Hold’ call from MarketsMOJO, the company’s stock is expected to maintain its stability in the market.


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