Updated Financial results for Half year ending 30th September 2024 with Minor corrections
Awaiting price reaction for this filing.
Netripples Software Ltd filed corrected unaudited financial results for H1 FY25 (April–September 2024). Revenue from operations rose to Rs 262.67 lakh, up about 47% from Rs 178.52 lakh in the same period last year. Net profit jumped sharply to Rs 10.01 lakh versus Rs 1.42 lakh earlier, an over 6x jump, with EPS of Rs 0.15 versus Rs 0.04. Total expenses stood at Rs 248.46 lakh, giving a pre-tax profit of Rs 14.21 lakh. The balance sheet shows total assets of Rs 696.37 lakh, mostly inventories (Rs 660.02 lakh), while cash is only Rs 0.41 lakh. The limited review report from auditors BGS & Associates is clean, with no qualifications.
Strong top-line and bottom-line growth is a positive sign, but the very thin cash balance and negligible operating cash flow (Rs 0.12 lakh) suggest tight liquidity. Investors should weigh the improving profitability against the weak cash position.