R Systems Intl. Reports Decline in Financial Performance for Q1 2024
R Systems International, a midcap IT software company, reported a negative performance in the quarter ending March 2024 with a score of -8 compared to 1 in the previous quarter. The company's profit before tax and profit after tax also saw a decline of 28% and 21.5% respectively, while the operating profit margin was at its lowest in the last five quarters.
R Systems International, a midcap IT software company, recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Sell' call by MarketsMOJO.
According to the financial report, R Systems Intl. has seen a negative performance in the quarter, with a score of -8 compared to 1 in the previous quarter. This indicates a decline in the company's financial health.
The profit before tax (PBT) less other income for the quarter was Rs 33.92 crore, which is a decrease of 28% from the average PBT of the previous four quarters. The profit after tax (PAT) for the quarter was Rs 27.49 crore, a decline of 21.5% from the average PAT of the previous four quarters.
The company's operating profit margin for the quarter was at its lowest in the last five quarters, at 12.80%. This indicates a decrease in the company's efficiency.
The PBT less other income for the quarter was also at its lowest in the last five quarters, which shows a negative trend in the near term. Overall, the financial results for the quarter have not been favorable for R Systems International.
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