Netlink Solutions (India) Ltd Share Price – BSE

IT - Software, Small Cap

Netlink Solutions (India) announced that the 39th Annual General Meeting (AGM) of the company will be held on 30 September 2024.

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Net profit of Netlink Solutions (India) declined 17.39% to Rs 1.71 crore in the quarter ended June 2024 as against Rs 2.07 crore during the previous quarter ended June 2023. Sales remain constant at Rs 0.10 crore in the quarter ended June 2024 and also during the previous quarter ended June 2023.

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Netlink Solutions (India) will hold a meeting of the Board of Directors of the Company on 1 August 2024.

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Revenue from operations increased 34.31% YoY to Rs 1.84 crore during the quarter.

Profit before tax stood at Rs 5.67 crore in Q4 FY24, registering the growth of 64.35% as compared with Rs 3.45 crore in Q4 FY23. Tax expense jumped 74.63% to Rs 1.17 crore during the quarter from 0.67 crore posted in Q4 FY23.

Total expenses declined 4.41% YoY to Rs 0.65 crore in Q4 FY24 while employee benefit expenses rose 5.41% to Rs 0.39 crore in Q4 FY24 as against Rs 0.37 crore in corresponding quarter last year.

On financial year 2024 basis, the company’s net profit jumped 92.66% to Rs 9.19 crore in FY24 as compared with Rs 4.77 crore in FY23. Revenue from operations declined 6.22% YoY to Rs 1.96 crore in FY24.

Netlink Solutions (India) is a leading business solutions provider in B2B marketplace and web-based solutions. the company owns and manages three major business divisions, Aditya Infotech, 'Gifts & Accessories E-Magazine, and Corporate gift show, which is in liaison with world renowned trade show organizer Messe Frankfurt. These major divisions are further branched into separate business ventures to provide integrated business development solutions to all sectors of industries in India.

The scrip hit an all time high at Rs 158.90 in intraday today.

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