PakStox Outlook

NetSol Technologies Limited Financial Results for Q2 Dec 2024 For Q2 Dec 2024, NETSOL reported a loss of Rs. 0.3 per share with no cash dividend. Over the past four quarters, cumulative net income stands at Rs. 8.3 per share, with total cash distributions of Rs. 3 per share. Quarterly Performance Highlights: Revenue increased by 1% compared to the previous four-quarter average. Gross profit declined by 3% versus the four-quarter average. Net income fell by 20% compared to the four-quarter average. PAT dropped by 114% quarter-on-quarter. Gross profit margin for the quarter was 42%, down from the four-quarter average of 43.2%. Market Performance: NETSOL underperformed the KSE100 by 8% over the past 3 months and by 37% over the past year. Current market price: Rs. 143.3 P/E Ratio: 17 Dividend Yield: 2.1%

For the 3rd quarter ending March 2024, NETSOL reported a profit after tax of Rs. 64.3 million, compared to a profit after tax of Rs. 1,403 million over the same quarter last year, registering a massive decrease of 95.4%. The earnings per share came out at Rs. 0.73 for the quarter. NETSOL did not announce any cash dividends along with the results announcement. On a 9-month basis, NETSOL's profit after tax was Rs. 869.9 million, compared to a profit after tax of Rs. 1,432.5 million in the same period last year. Registering a decline of 39%. The gross profit margin in this quarter was 44%, compared to 33% in the same quarter last year. The tax rate in this quarter was 36%, compared to 4% in the same quarter last year. Revenue of NETSOL for the quarter  increased by 8.1%, gross profit increased by 42.2%, and financial charges increased by 64.7% compared to the same quarter last year.  The significant decrease in net income for this quarter compared to last year, despite an incre...