Updated Financial Results with Minor Corrections triggered for Quarter ending 31-03-2024
Awaiting price reaction for this filing.
Netripples Software Ltd has re-filed its Q4 FY24 unaudited results with minor corrections. Full-year FY24 revenue from operations stood at Rs 411.01 lakhs, up modestly from Rs 393.36 lakhs in FY23 (about 4.5% growth). Q4 FY24 revenue came in at Rs 146.57 lakhs, sharply higher than Rs 95.65 lakhs in Q4 FY23. Net profit for FY24 was Rs 7.55 lakhs (EPS Rs 0.11) versus Rs 1.71 lakhs in FY23, an over 4x jump but from a very small base. Profit is driven mostly by other expenses of Rs 397.69 lakhs against a thin margin. The statutory auditor (BGS & Associates) issued a clean limited review report with no qualifications or emphasis of matter.
For shareholders, this is essentially a routine re-filing with minor corrections; the clean auditor review and the year-on-year profit recovery (though tiny in absolute terms) are mildly positive, but the company's revenue scale (Rs 4.1 crores) and wafer-thin margins (under 2%) signal limited operating momentum and no material near-term re-rating catalyst.