Melstar Information Technologies Q1 Results ₹1,127.93 Lakh Profit Before Tax and ₹7.90 EPS.

Melstar Information Technologies has announced its financial results for the first quarter of the 2024-2025 fiscal year, covering the period ending June 30, 2024. During this quarter, the company reported no revenue from its primary operations.

However, it did record ₹1,214.23 lakh in other income, matching the amount from the previous quarter. The total revenue remained the same at ₹1,214.23 lakh, while total expenses amounted to ₹86.30 lakh, which includes finance costs and other operational expenses.

Despite the absence of operational revenue, Melstar achieved a profit before tax of ₹1,127.93 lakh. The company's earnings per share (EPS) for this period were ₹7.90. These results highlight Melstar’s efforts to navigate its financial challenges and stabilize its position following recent management changes and its ongoing corporate insolvency resolution process.

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Melstar Information Technologies Q1 Results 2024 - 2025

Here’s a summary of Melstar Information Technologies' financial results for the first quarter of the 2024-2025 fiscal year, ending March 31, 2024:

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Melstar Information Technologies Current Market Overview

Melstar Information Technologies is currently trading at ₹4.37 per share on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). The company’s market capitalization is ₹6.25 crore, and the stock has fluctuated between ₹1.85 and ₹6.30 in recent times.

With a low price-to-earnings (P/E) ratio of 0.54, the stock appears undervalued, and it does not offer any dividend yield. The face value of each share is ₹10.00.

Quarterly Results

Here is a summary of the quarterly financial results for Melstar Information Technologies for the periods ending September 2023, December 2023, and March 2024:

About Melstar Information Technologies

Melstar Information Technologies is a professional services and workforce solutions company based in Mumbai, Maharashtra. Established in 1986, the company initially focused on trading hardware but shifted to software development in 1998. It provides services mainly in the fields of banking, insurance, government, and IT.

Melstar is listed on the Bombay Stock Exchange (BSE) and has branch offices in Gurgaon, Chennai, and Bangalore. Despite recent challenges, including a corporate insolvency resolution process, the company continues to operate and deliver services in its specialized domains.