Nintec Systems Q1 Results Revenue Up 96.02% QoQ and 150.18% YoY

Nintec Systems Q1 Results: In the first quarter of the fiscal year for NINtec Systems, the company reported impressive financial results. Their total revenue reached ₹32.88 crores, a huge increase of 96.02% from the previous quarter and 150.18% from the same quarter last year. This significant revenue growth shows that the company is performing much better than before. 

However, their selling, general, and administrative expenses were ₹10.16 crores, which decreased by 17.43% compared to the last quarter but increased by 41.50% compared to the same period last year. Despite this increase, the company managed to control other costs. Depreciation and amortization costs were ₹0.38 crores, up by 5.56% from last quarter and 63.92% from the previous year. 

Other operating expenses increased to ₹3.83 crores, rising by 5.22% from the last quarter and 68.85% YoY. The total operating expense was ₹25.78 crores, showing a significant rise of 53.39% from the last quarter and a massive 164.62% increase YoY. Despite these higher expenses, the company’s operating income soared to ₹7.10 crores, up 179.53% from the previous quarter and 108.85% from the previous year. 

Net income before taxes was ₹7.59 crores, reflecting an 83.77% increase from the last quarter and 111.94% YoY. Net income reached ₹5.73 crores, showing a substantial increase of 83.02% from the last quarter and 113.25% from last year. The diluted normalized earnings per share (EPS) also rose sharply by 106.00% from the last quarter and 113.10% YoY, indicating that the company’s profitability per share improved significantly.

Here is the quarterly financial result for NINtec Systems Q1, with figures presented in crores:

Source: Here 

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Nintec Systems Q1 Results

The financial results for Nintec Systems show how the company performed over different periods. First, revenue from operations increased significantly from 1,930.92 to 2,064.13, indicating that the company earned more from its core business activities. This is a positive sign of growth. Other income, which comes from sources outside the main business, decreased slightly from 68.69 to 55.29. Despite this drop, the total revenue, combining both revenue from operations and other income, rose from 1,999.61 to 2,119.42.

Expenses include various costs the company faces. The costs of purchases were 32.31, employee benefits were 1,016.18, finance costs were 6.55, and depreciation was 37.93. Together, these expenses amounted to 1,471.68, up from previous amounts, suggesting increased costs.

Profit before tax improved from 599.78 to 647.75, showing that the company earned more before paying taxes. However, tax expenses, including current and deferred taxes, increased to 178.39. After paying taxes, the profit after tax was 490.36, which is a solid figure indicating strong financial performance.

Total comprehensive income was 475.64, reflecting the overall financial health, including all income and expenses. Lastly, the earnings per share remained steady at 2.64, meaning each share of the company earned this amount. Overall, Nintec Systems experienced growth in revenue and profit, although costs and taxes also increased.

Here’s the full detailed information:

Nintec Systems Stock Metrics

The table provides a snapshot of Nintec Systems' financial performance and key metrics. The Market Cap of ₹927 Crore shows the total value of all the company's shares combined. The Current Price of ₹496 is what one share costs right now. The High / Low range of ₹652 and ₹305 indicates the highest and lowest prices of the stock over a specific period.

Here’s the information in a table format:

Quarterly Results 

The Nintec Systems table shows the company's financial performance over three quarters: December 2023, March 2024, and June 2024. It includes figures for sales, expenses, operating profit, and other key metrics. Sales increased from ₹17.48 crores in December 2023 to ₹20.64 crores in June 2024. Expenses also rose, from ₹12.94 crores to ₹14.26 crores. 

Here's the data for December 2023, March 2024, and June 2024:

About Nintec Systems 

NINtec Systems is a global technology company based in Ahmedabad, Gujarat. We focus on developing software and providing IT solutions to help businesses succeed. Our team is made up of talented professionals who are experts in various technology fields. We work hard to deliver top-quality services that are customized to fit the unique needs of each client.

NINtec Systems offer a wide range of services, including creating and maintaining applications, developing software products, upgrading old systems, and improving search engine rankings. Our team also specializes in areas like .Net development, game development, PHP programming, ERP systems, and mobile technology.

NINtec Systems approach combines experienced project management with advanced processes and clear communication to ensure that we deliver excellent results while keeping costs manageable. We are dedicated to our clients' success, which is why we offer support around the clock. No matter where our clients are or what their project needs are, we are always available to help. At NINtec, we are committed to innovation and helping businesses grow with the latest technology.