PakStox Outlook

For the 3rd quarter ending March 2024, NETSOL reported a profit after tax of Rs. 64.3 million, compared to a profit after tax of Rs. 1,403 million over the same quarter last year, registering a massive decrease of 95.4%. The earnings per share came out at Rs. 0.73 for the quarter. NETSOL did not announce any cash dividends along with the results announcement. On a 9-month basis, NETSOL's profit after tax was Rs. 869.9 million, compared to a profit after tax of Rs. 1,432.5 million in the same period last year. Registering a decline of 39%. The gross profit margin in this quarter was 44%, compared to 33% in the same quarter last year. The tax rate in this quarter was 36%, compared to 4% in the same quarter last year. Revenue of NETSOL for the quarter  increased by 8.1%, gross profit increased by 42.2%, and financial charges increased by 64.7% compared to the same quarter last year.  The significant decrease in net income for this quarter compared to last year, despite an incre...