Updated June 2024 qtr end Financial results as triggered
Awaiting price reaction for this filing.
Netripples Software reported Q1 FY25 revenue of about Rs. 95.7 lakh, down roughly 35% from Rs. 1.47 crore in the same quarter last year. Net profit for the quarter was a modest Rs. 3.18 lakh (vs Rs. 3.57 lakh YoY), and EPS stood at Rs. 0.05. The full year FY24 (ended 31 March 2024) closed with a loss of about Rs. 1.44 lakh and a negative EPS of Rs. 0.02. The balance sheet shows very low cash of Rs. 3.42 lakh and unusually high inventories of around Rs. 9.69 crore for a software company, while equity stood at Rs. 9.87 crore. The statutory auditor issued a clean (unqualified) limited review report with no qualifications or emphasis of matter.
Weak top-line performance and a prior full-year loss point to subdued business momentum, though the quarter itself stayed marginally profitable. The tiny cash balance and inventory-heavy asset base are red flags for retail investors watching liquidity and working-capital health.