How has been the historical performance of the Softsol India?
Softsol India experienced fluctuating net sales, reporting Rs 74.68 crore in March 2024, down from Rs 82.59 crore in March 2023, but achieved a significant increase in profitability with a profit after tax of Rs 10.89 crore, up from Rs 0.08 crore the previous year, indicating improved cost management and operational efficiency.
Answer:The historical performance of Softsol India shows a fluctuating trend in net sales and profits over the years, with a notable increase in profitability in the latest fiscal year.Breakdown:
In the fiscal year ending March 2024, Softsol India reported net sales of Rs 74.68 crore, a decrease from Rs 82.59 crore in March 2023, but an increase from Rs 74.26 crore in March 2022. The total operating income mirrored this trend, remaining at Rs 74.68 crore in March 2024, down from Rs 82.59 crore in the previous year. The company's total expenditure, excluding depreciation, was Rs 65.09 crore in March 2024, down from Rs 74.28 crore in March 2023, contributing to an operating profit (PBDIT) of Rs 9.59 crore, which was an improvement from Rs 8.31 crore in the prior year. Profit before tax surged to Rs 14.49 crore in March 2024, compared to Rs 2.71 crore in March 2023, leading to a profit after tax of Rs 10.89 crore, a significant increase from just Rs 0.08 crore the previous year. The company's total assets rose to Rs 203.15 crore in March 2024 from Rs 179.52 crore in March 2023, while total liabilities also increased to Rs 203.15 crore from Rs 179.52 crore. Cash flow from operating activities was Rs 1.00 crore in March 2024, down from Rs 4.00 crore in March 2023, resulting in a closing cash balance of Rs 4.00 crore. Overall, the financial metrics indicate a recovery in profitability despite a decline in sales, reflecting improved cost management and operational efficiency.
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