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Netlink Solutions India Q1 Results Total Revenue Down 94.44% QoQ & Up 5.02% YoY

Netlink Solutions India Q1 Results show a sharp drop in total revenue by 94.44% QoQ and a slight increase of 5.02% YoY. Operating income fell by 165.22% QoQ and increased by 69.95% YoY.  

by Ruksana

Updated Aug 30, 2024

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Netlink Solutions India Q1 Results Total Revenue Down 94.44% QoQ & Up 5.02% YoY

Netlink Solutions India Q1 Results: Netlink Solutions India for the quarter ending June 2024, several key figures show significant changes in financial results. The Total Revenue dropped sharply by 94.44% compared to the previous quarter, indicating a major decrease in income. However, it remained steady compared to the same period last year. Selling, General, and Administrative Expenses decreased by 17.65% from the last quarter but increased by a large 144.90% from the previous year.

Netlink Solutions India’s Depreciation and Amortization stayed the same as the previous quarter but increased by 10.11% from last year. Other Operating Expenses rose by 117.14% from the previous quarter and 41.89% year-over-year. Overall, Total Operating Expenses decreased by 15.33% from the last quarter and increased by 52.47% from the same quarter last year.

Netlink Solutions India experienced a loss in Operating Income, with a significant drop of 165.22% from the last quarter and a 69.95% increase from the previous year. Net Income Before Taxes fell by 65.99% from the last quarter and decreased by 16.09% compared to last year. Net Income also dropped by 62.05% from the last quarter and 17.72% from the same quarter last year. Finally, the Diluted Normalized EPS decreased by 62.04% from the last quarter and 17.68% year-over-year, showing a lower earnings per share.

Here's a summary of Netlink Solutions India's Q1 financial results for June 2024:

Metric

Jun 24

Mar 23

QoQ Change

Jun 23

YoY Change

Total Revenue

0.10

1.37

-94.44%

0.10

5.02%

Selling/General/Admin Expenses

0.33

0.37

-17.65%

0.13

144.90%

Depreciation/Amortization

0.05

0.05

0.20%

0.05

10.11%

Other Operating Expenses

0.15

0.07

117.14%

0.10

41.89%

Total Operating Expense

0.55

0.69

-15.33%

0.36

52.47%

Operating Income

-0.45

0.69

-165.22%

-0.26

69.95%

Net Income Before Taxes

1.93

3.45

-65.99%

2.30

-16.09%

Net Income

1.71

2.77

-62.05%

2.07

-17.72%

Diluted Normalized EPS

6.75

10.94

-62.04%

8.20

-17.68%

Source: Here 

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The financial results for Netlink Solutions India for the quarter ending on June 30, 2024, show how the company performed financially. For this quarter, the company's total income was ₹248.20 million, which includes ₹10.25 million from its main operations and ₹237.95 million from other sources. This is compared to a higher income of ₹632.62 million for the previous quarter and ₹266.18 million for the same quarter last year. The company's expenses totaled ₹55.27 million, including costs like materials, finance, and depreciation. This is lower than the previous quarter's expenses of ₹65.40 million but higher than ₹36.25 million from the same quarter last year.

Netlink Solutions India's profit before tax was ₹192.93 million, which is lower than the previous quarter's profit of ₹567.22 million but higher than ₹229.92 million from last year. After accounting for tax expenses of ₹22.32 million, the net profit for the quarter was ₹170.61 million. This is lower than the previous quarter's net profit of ₹349.60 million but higher than ₹207.36 million from the same quarter last year.

Netlink Solutions India’s earnings per share were ₹6.75, which is the same for both basic and diluted calculations. Their paid-up equity share capital remains stable at ₹252.92 million. The results show a drop in net profit compared to the previous quarter but still show positive performance compared to the same period last year.

Here's a summary of the unaudited financial results for the quarter ended 30th June, 2024:

Particulars

30.06.2024

31.03.2024

30.06.2023

31.03.2024

Revenue from Operations

10.25

184.29

76.00

196.41

Other Income

237.95

448.33

256.41

1,055.10

Total Income (1 + 2)

248.20

632.62

266.18

1,251.51

Expenses

       

Cost of Materials/Services

2.99

2.99

8.07

17.93

Purchases of Stock-in-Trade

-

-

-

-

Changes in Inventories

-

-

-

-

Employee Benefits Expense

-

-

-

-

Finance Costs

32.67

39.67

13.34

80.13

Depreciation and Amortisation

5.01

5.00

4.55

18.29

Other Expenses

14.60

17.62

10.30

43.91

Total Expenses

55.27

65.40

36.25

160.38

Profit Before Tax

192.93

567.22

229.92

1,091.13

Tax Expense

22.32

117.62

22.56

171.23

Net Profit for the Period

170.61

349.60

207.36

919.90

Other Comprehensive Income (OCI)

-

-

-

-

Total Comprehensive Income

170.61

449.60

207.36

919.90

Paid-up Equity Share Capital

252.92

252.92

252.92

252.92

Other Equity

2,247.08

-

-

-

Earnings Per Equity Share

       

Basic

6.75

17.78

8.20

36.37

Diluted

6.75

17.78

8.20

36.37

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Netlink Solutions India has a market capitalization of ₹39.4 Crores, meaning the total value of all its shares is this amount. The current price of each share is ₹156. The highest price of the stock was ₹244, and the lowest was ₹70.2. The Price-to-Earnings (P/E) ratio is 4.48, which is quite low, suggesting the stock might be undervalued. 

Here's the information in table format:

Metric

Value

Market Cap

₹39.4 Cr.

Current Price

₹156

High / Low

₹244 / ₹70.2

Stock P/E

4.48

Book Value

₹98.8

Dividend Yield

0.00%

ROCE

53.5%

ROE

45.1%

Face Value

₹10.0

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Quarterly Results 

For Netlink Solutions India, in December 2023, the company had sales of Rs. 0.01 crore and a net profit of Rs. 0.91 crore. Expenses were Rs. 0.29 crore, resulting in an operating loss of Rs. 0.28 crore. In March 2024, sales surged to Rs. 1.84 crore, with a significant increase in net profit to Rs. 4.50 crore.

Here is the detailed financial information for December 2023, March 2024, and June 2024:

Figures in Rs. Crores

Dec 2023

Mar 2024

Jun 2024

Sales

0.01

1.84

0.10

Expenses

0.29

0.60

0.50

Operating Profit

-0.28

1.24

-0.40

OPM %

-2,800.00%

67.39%

-400.00%

Other Income

1.34

4.48

2.38

Interest

-0.00

-0.00

-0.00

Depreciation

0.05

0.05

0.05

Profit before Tax

1.01

5.67

1.93

Tax %

10.89%

20.81%

11.40%

Net Profit

0.91

4.50

1.71

EPS in Rs

3.60

17.79

6.76

Netlink Solutions is a well-established company, founded in 1984, that provides business solutions primarily in the B2B marketplace and web-based services. The company is listed on the Bombay Stock Exchange (BSE) and is part of a large business group that includes Jupiter Infomedia. The group has a strong presence in various sectors, including B2B events, e-commerce, digital solutions, and print/digital publications.

Netlink Solutions operates several key divisions. These include the Corporate Gifts Show, a major trade show for corporate gifts and related products, and FairAct Exhibitions & Events, which manages and organizes business events across India. Their FairAct Design Studio specializes in designing and building exhibition booths and displays. The company also publishes the Gifts & Accessories Magazine, which is India’s only magazine focused on corporate gifts.

In the e-commerce sector, Netlink Solutions runs GiftsnAccessories.com, a B2B portal for corporate gifts and novelties. Their digital solutions division, Aditya Infotech, offers website design services. Overall, Netlink Solutions (India) provides a wide range of integrated solutions to help businesses grow and connect with their target markets.


Netlink Solutions India Q1 Results - FAQs

1. What was Netlink Solutions India's Total Revenue for Q1 2024?  

Netlink Solutions India's Total Revenue for Q1 2024 was ₹0.10 crore.

2. How did Netlink Solutions India's Selling, General, and Administrative Expenses change QoQ?

Netlink Solutions India's Selling, General, and Administrative Expenses decreased by 17.65% QoQ.

3. What was the change in Depreciation and Amortization for Netlink Solutions India in Q1 2024?

Netlink Solutions India's Depreciation and Amortization increased by 10.11% YoY.

4. How did Other Operating Expenses for Netlink Solutions India compare to the previous quarter?

Netlink Solutions India's Other Operating Expenses rose by 117.14% QoQ.

5. What was Netlink Solutions India's Operating Income for Q1 2024?

Netlink Solutions India's Operating Income was -₹0.45 crore for Q1 2024.

6. How did Netlink Solutions India's Net Income Before Taxes change YoY?

Netlink Solutions India's Net Income Before Taxes decreased by 16.09% YoY.

7. What was Netlink Solutions India's Net Income for the quarter ending June 2024?

Netlink Solutions India's Net Income for Q1 2024 was ₹1.71 crore.

8. How did the Diluted Normalized EPS for Netlink Solutions India change QoQ?

Netlink Solutions India's Diluted Normalized EPS decreased by 62.04% QoQ.

9. What were Netlink Solutions India's total expenses for Q1 2024?  

Netlink Solutions India's total expenses were ₹55.27 crore for Q1 2024.

10. How did Netlink Solutions India's profit before tax compare to the previous quarter?  

Netlink Solutions India's profit before tax decreased by 65.99% QoQ.

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