Updated MC 2024 Quarterly
Awaiting price reaction for this filing.
The board of Netripples Software Ltd approved unaudited financial results for Q4 FY2023-24 and the full financial year ended March 31, 2024, along with a limited review report from auditor BGS & Associates. For the full year, total revenue declined to ₹3.93 crore from ₹4.11 crore in FY2022-23, a drop of around 4%. Net profit fell about 30% to ₹5.46 lakh from ₹7.79 lakh. Q4 standalone revenue rose sharply to ₹1.47 crore compared to ₹68 lakh in the year-ago quarter, though this was against a low base. Depreciation for the year more than doubled to ₹2.40 lakh from ₹1.18 lakh. EPS remained at ₹4.44. The balance sheet shows total assets of ₹6.82 lakh, no borrowings, and zero liabilities, with reserves at ₹3.05 crore.
For shareholders, the full-year picture is weak with both revenue and profit declining, and margins compressing further. The very small scale of operations (revenue under ₹4 crore) and the sharp Q4 jump on a tiny base suggest the business remains tiny and volatile. The clean auditor review is positive, but the absence of any liabilities or growth in profitability raises questions about the company's commercial traction.