RS Software India Reports a 553.95% YoY Increase in Profit for Q4 FY24

RS Software India’s Q4 FY24 results were released on April 19, 2024, indicating a remarkable performance with a 48.9% increase in revenue and a significant 553.95% rise in profit year-over-year. However, a slight decline in revenue by 5.51% and profit by 13.73% was observed compared to the previous quarter.

The company experienced a notable increase in Selling, general & administrative expenses by 60.71% quarter-over-quarter and 27.24% year-over-year. Despite a 44% decline in operating income quarter-over-quarter, there was a surge of 407% year-over-year, reflecting strong growth over the period. Additionally, earnings per share (EPS) for Q4 FY24 stood at ₹0.65, marking a 60.73% increase year-over-year.

RS Software India’s stock performance has been impressive, delivering returns of 8.21% in the last week, 385.68% in the last 6 months, and 389.41% year-to-date. The company currently holds a market capitalization of ₹736.67 Cr with a 52-week high/low of ₹292.25 and ₹25.35 respectively, showing a strong market position.

In terms of financials, the total revenue for Q4 FY24 was ₹18.23 Cr, and the net income for the same period was ₹6.79 Cr. The company’s depreciation/amortization expenses saw a slight increase quarter-over-quarter, while other operating expenses also witnessed a rise.

Overall, RS Software India’s Q4 FY24 results showcase a positive trajectory in terms of revenue, profit, and overall market performance, indicating growth and stability in the company’s operations.