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Softtech Engineers Ltd Q1FY24; 29% fall in Profits

SoftTech Engineers Ltd is an information technology and software services organization, delivering end-to-end solutions in Architectural-Engineering-Construction (AEC) space, catering to property developers, municipal corporations, investors, real estate companies, contractors, architects, and consultants.

Financial Results:

Softtech Engineers Ltd reported Revenues for Q1FY24 of ₹18.81 Crores up from ₹12.14 Crore year on year, a rise of 54.94%.

Total Expenses for Q1FY24 of ₹18.53 Crores up from ₹11.62 Crores year on year, a rise of 59.47%.

Consolidated Net Profit of ₹0.50 Crores down 28.57% from ₹0.70 Crores in the same quarter of the previous year.

The Earnings per Share is ₹0.54, down 22.86% from ₹0.70 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

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