How has been the historical performance of Softsol India?
Softsol India has experienced fluctuating financial performance, with net sales decreasing to 74.68 crore in March 2024 from 82.59 crore in March 2023, but operating profit significantly increased to 18.45 crore. The company improved cost management, resulting in a profit after tax of 10.89 crore in March 2024, up from 0.08 crore the previous year.
Answer:The historical performance of Softsol India shows a fluctuating trend in key financial metrics over the years.Breakdown:
Softsol India's net sales for the year ending March 2024 were reported at 74.68 crore, a decrease from 82.59 crore in March 2023, but slightly up from 74.26 crore in March 2022. The total operating income mirrored this trend, with figures of 74.68 crore in March 2024, 82.59 crore in March 2023, and 74.26 crore in March 2022. The total expenditure, excluding depreciation, was 65.09 crore in March 2024, down from 74.28 crore in March 2023, indicating improved cost management. Operating profit (PBDIT) for March 2024 was 18.45 crore, a significant increase from 6.20 crore in March 2023. Profit before tax also saw a substantial rise to 14.49 crore in March 2024 from 2.71 crore in the previous year, leading to a profit after tax of 10.89 crore, a notable recovery from just 0.08 crore in March 2023. The company's total assets increased to 203.15 crore in March 2024 from 179.52 crore in March 2023, while total liabilities also rose to 203.15 crore, reflecting a stable financial position with no debt reported. Cash flow from operating activities was positive at 1.00 crore in March 2024, although net cash outflow was recorded at -10.00 crore, down from a net inflow of 1.00 crore in March 2023. Overall, Softsol India has shown resilience in profitability despite fluctuations in revenue and cash flow.
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