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- Melstar Information Technologies Q1 Results ₹1,127.93 Lakh Profit Before Tax and ₹7.90 EPS.
Melstar Information Technologies Q1 Results ₹1,127.93 Lakh Profit Before Tax and ₹7.90 EPS.
Melstar Information Technologies Q1 Results for March 2024 show no revenue from operations, but a profit before tax of ₹1,127.93 lakh, with Melstar Information Technologies Q1 Results reflecting an EPS of ₹7.90.
by P Nandhini
Updated Aug 19, 2024
Table of Content
Melstar Information Technologies has announced its financial results for the first quarter of the 2024-2025 fiscal year, covering the period ending June 30, 2024. During this quarter, the company reported no revenue from its primary operations.
However, it did record ₹1,214.23 lakh in other income, matching the amount from the previous quarter. The total revenue remained the same at ₹1,214.23 lakh, while total expenses amounted to ₹86.30 lakh, which includes finance costs and other operational expenses.
Despite the absence of operational revenue, Melstar achieved a profit before tax of ₹1,127.93 lakh. The company's earnings per share (EPS) for this period were ₹7.90. These results highlight Melstar’s efforts to navigate its financial challenges and stabilize its position following recent management changes and its ongoing corporate insolvency resolution process.
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Melstar Information Technologies Q1 Results 2024 - 2025
Here’s a summary of Melstar Information Technologies' financial results for the first quarter of the 2024-2025 fiscal year, ending March 31, 2024:
| Particulars | Q1 Results (March 31, 2024) |
|---|---|
| Revenue from Operations | - |
| Other Income | ₹1,214.23 lakh |
| Total Revenue | ₹1,214.23 lakh |
| Expenses | ₹86.30 lakh |
| - Purchase of Stock-in-Trade | - |
| - Employee Benefit Expense | - |
| - Finance Costs | ₹32.42 lakh |
| - Depreciation and Amortization Expense | - |
| - Other Expenses | ₹53.88 lakh |
| Profit Before Tax | ₹1,127.93 lakh |
| Tax Expense | - |
| Total Comprehensive Income | ₹1,127.93 lakh |
| Paid-Up Equity Share Capital | ₹1,428.31 lakh |
| Face Value of Share | ₹10.00 |
| Earnings per Share (EPS) | ₹7.90 |
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Melstar Information Technologies Current Market Overview
Melstar Information Technologies is currently trading at ₹4.37 per share on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). The company’s market capitalization is ₹6.25 crore, and the stock has fluctuated between ₹1.85 and ₹6.30 in recent times.
With a low price-to-earnings (P/E) ratio of 0.54, the stock appears undervalued, and it does not offer any dividend yield. The face value of each share is ₹10.00.
| Metric | Value |
|---|---|
| Current Price | ₹4.37 |
| Market Capitalization | ₹6.25 Cr. |
| High / Low | ₹6.30 / ₹1.85 |
| Stock P/E Ratio | 0.54 |
| Dividend Yield | 0.00% |
| Face Value | ₹10.00 |
Quarterly Results
Here is a summary of the quarterly financial results for Melstar Information Technologies for the periods ending September 2023, December 2023, and March 2024:
| Metric | Sep 2023 | Dec 2023 | Mar 2024 |
|---|---|---|---|
| Sales (₹ Cr.) | 0.00 | 0.00 | 0.00 |
| Expenses (₹ Cr.) | 0.02 | 0.00 | 0.54 |
| Operating Profit (₹ Cr.) | -0.02 | 0.00 | -0.54 |
| Other Income (₹ Cr.) | 0.00 | 0.00 | 12.14 |
| Interest (₹ Cr.) | 0.00 | 0.00 | 0.32 |
| Depreciation (₹ Cr.) | 0.00 | 0.00 | 0.00 |
| Profit Before Tax (₹ Cr.) | -0.02 | 0.00 | 11.28 |
| Net Profit (₹ Cr.) | -0.02 | 0.00 | 11.28 |
| EPS (₹) | -0.01 | 0.00 | 7.90 |
About Melstar Information Technologies
Melstar Information Technologies is a professional services and workforce solutions company based in Mumbai, Maharashtra. Established in 1986, the company initially focused on trading hardware but shifted to software development in 1998. It provides services mainly in the fields of banking, insurance, government, and IT.
Melstar is listed on the Bombay Stock Exchange (BSE) and has branch offices in Gurgaon, Chennai, and Bangalore. Despite recent challenges, including a corporate insolvency resolution process, the company continues to operate and deliver services in its specialized domains.
Melstar Information Technologies Q1 Results - FAQs
1. What was Melstar Information Technologies' revenue from operations for Q1 2024?
Melstar Information Technologies reported no revenue from operations for Q1 2024.
2. How much other income did Melstar Information Technologies report for Q1 2024?
Melstar Information Technologies reported ₹1,214.23 lakh in other income for Q1 2024.
3. What was the total revenue for Melstar Information Technologies in Q1 2024?
The total revenue for Melstar Information Technologies in Q1 2024 was ₹1,214.23 lakh.
4. What were the total expenses for Melstar Information Technologies in Q1 2024?
Melstar Information Technologies had total expenses of ₹86.30 lakh in Q1 2024.
5. How much did Melstar Information Technologies spend on finance costs in Q1 2024?
Melstar Information Technologies spent ₹32.42 lakh on finance costs in Q1 2024.
6. What were the other expenses reported by Melstar Information Technologies for Q1 2024?
Melstar Information Technologies reported ₹53.88 lakh in other expenses for Q1 2024.
7. What was Melstar Information Technologies' profit before tax in Q1 2024?
The profit before tax for Melstar Information Technologies in Q1 2024 was ₹1,127.93 lakh.
8. What was the total comprehensive income for Melstar Information Technologies in Q1 2024?
The total comprehensive income for Melstar Information Technologies in Q1 2024 was ₹1,127.93 lakh.
9. What is the paid-up equity share capital of Melstar Information Technologies?
The paid-up equity share capital of Melstar Information Technologies is ₹1,428.31 lakh.
10. What is the face value of shares for Melstar Information Technologies?
The face value of shares for Melstar Information Technologies is ₹10.00.
11. What was the earnings per share (EPS) for Melstar Information Technologies in Q1 2024?
The earnings per share (EPS) for Melstar Information Technologies in Q1 2024 were ₹7.90.