How has been the historical performance of Softsol India?

Answer:The historical performance of Softsol India shows a fluctuating trend in net sales and profitability over the years, with a notable increase in net profit in the latest fiscal year.

Breakdown:
In the fiscal year ending March 2024, Softsol India reported net sales of 74.68 Cr, a decrease from 82.59 Cr in March 2023, but an increase from 74.26 Cr in March 2022. The total operating income mirrored this trend, remaining at 74.68 Cr in March 2024. The company’s total expenditure, excluding depreciation, decreased to 65.09 Cr from 74.28 Cr in the previous year, contributing to an operating profit (PBDIT) of 9.59 Cr, up from 8.31 Cr in March 2023. Profit before tax surged to 14.49 Cr from 2.71 Cr, leading to a profit after tax of 10.89 Cr, a significant increase from just 0.08 Cr in the prior year. The earnings per share (EPS) also reflected this positive trend, rising to 7.17 from 0.05. On the balance sheet, total assets increased to 203.15 Cr from 179.52 Cr, while total liabilities rose to 203.15 Cr as well, indicating a stable financial position. The cash flow from operating activities was 1.00 Cr, down from 4.00 Cr, and the closing cash and cash equivalents decreased to 4.00 Cr from 15.00 Cr. Overall, while sales experienced a decline, profitability metrics improved significantly, showcasing a recovery in the company's financial health.