Softtech Engineers Q1 Results Live : profit rise by 15.25% YOY

Softtech Engineers Q1 Results Live : Softtech Engineers Q1 Results Live: Softtech Engineers declared their Q1 results on 14 Aug, 2024. The topline increased by 5.01% and the profit increased by 15.25% YoY. However, as compared to the previous quarter, the revenue declined by 11.68% and the profit decreased by 49.96%.

The Selling, general & administrative expenses saw a rise of 3.73% q-o-q and increased by 21.86% Y-o-Y, indicating higher operational costs which impacted the quarterly performance.

Despite the rise in expenses, the operating income was down by 14.2% q-o-q but showed a significant increase of 35.53% Y-o-Y, reflecting the company's ability to generate more income from its core operations compared to the same period last year.

The Earnings Per Share (EPS) for Q1 stood at ₹0.5, which marks a 2.04% increase Y-o-Y, showing slight growth in profitability on a per-share basis.

On the stock market front, Softtech Engineers has delivered a -1.44% return in the last week but has shown strong performance over a longer period with a 37.84% return in the last 6 months and a 50.13% Year-To-Date (YTD) return.

Currently, Softtech Engineers has a market cap of ₹442.72 Cr, with a 52-week high of ₹395.95 and a 52-week low of ₹140.6, highlighting the stock's volatility and potential for growth.