NINtec Systems Reports Strong December 2024 Results Amid Evaluation Adjustment

Feb 12 2025 08:08 PM IST
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NINtec Systems has announced its financial results for the quarter ending December 2024, reporting net sales of Rs 35.19 crore, a notable year-on-year growth. The company achieved its highest operating profit and profit before tax in five quarters, alongside improved profit margins and earnings per share.
NINtec Systems has recently reported its financial results for the quarter ending December 2024, showcasing a range of positive developments. The company achieved net sales of Rs 35.19 crore, marking a significant year-on-year growth of 51.94%. This figure represents the highest quarterly sales recorded in the last five quarters, indicating a robust near-term sales trend.

In terms of profitability, NINtec Systems reported an operating profit (PBDIT) of Rs 8.89 crore, also the highest in the past five quarters. The profit before tax (PBT) reached Rs 8.18 crore, reflecting a year-on-year increase of 69.71%. Similarly, the profit after tax (PAT) stood at Rs 6.73 crore, with a remarkable growth of 73.9% compared to the previous year.

The operating profit margin improved to 25.26%, suggesting enhanced efficiency within the company. Additionally, earnings per share (EPS) reached Rs 3.62, further indicating the company's ability to generate higher earnings for its shareholders.

Despite these positive financial indicators, NINtec Systems has experienced an adjustment in its evaluation, with its score reflecting a shift from 33 to 27 over the past three months.

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