Nettlinx Reports Outstanding Q1 Results, Shows Significant Growth in Sales and Profits

Nettlinx, a microcap IT software company, has recently announced its financial results for the quarter ending March 2024. The company has shown outstanding performance in this quarter, with a significant improvement in its financial score from 12 to 32 in the last three months.

One of the key factors contributing to this growth is the increase in net sales, which has grown by 80.3% to Rs 11.87 crore compared to the average net sales of the previous four quarters at Rs 6.59 crore. This indicates a very positive trend in the company's sales in the near term.

The company has also seen a significant growth in its Profit Before Tax less Other Income (PBT), which has increased by 241.7% to Rs 4.63 crore compared to the average PBT of the previous four quarters at Rs 1.36 crore. This shows a very positive trend in the company's PBT in the near term.

Similarly, the Profit After Tax (PAT) has also shown a remarkable growth of 192.8% to Rs 3.47 crore compared to the average PAT of the previous four quarters at Rs 1.19 crore. This indicates a very positive trend in the company's PAT in the near term.

Nettlinx has also achieved its highest net sales in the last five quarters at Rs 11.87 crore, further strengthening its positive sales trend in the near term. The company's Operating Profit (PBDIT) has also reached its highest at Rs 5.12 crore in the last five quarters, showing a positive trend in its operating profit.

Moreover, the company's Operating Profit Margin has also reached its highest at 43.13% in the last five quarters, indicating an improvement in its efficiency. The highest PBT and PAT in the last five quarters at Rs 4.63 crore and Rs 3.47 crore respectively, further support the positive trend in the company's near term financial performance.

Nettlinx has also shown an increase in its Earnings per Share (EPS) to Rs 1.44, indicating a higher profitability and value creation for its shareholders. With these impressive financial results, it is no surprise that MarketsMOJO has given a 'Hold' call for Nettlinx's stock.