Soffia net profit up tenfold. - Views on News from Equitymaster

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks


Login Failure
(Please do not use this option on a public machine)
  Sign Up | Forgot Password?  

Soffia net profit up tenfold.

Apr 24, 2000

Soffia Software is a software solutions company that is engaged in enterprise resource planning,e-commerce,internet solutions and customer relationship management. The company has done exceedingly well for the 3rd quarter of financial year 99--00 with sales zooming by 583% and net profits by a whopping 1,000%(See Table).

The company has declared an interim dividend of 21% for the current year as a result of its excellent showing.Another notable feature of the company is that it is debt free.The equity capital has gone up from Rs 30 m to Rs 40 m during the year on account of a preferential issue of 10,00,000 shares of Rs 10 each on 25.1.2000.

Since the company is registered with the Software Technology Parks of India, its export income shall be free from income tax despite the recent announcement by the finance minister that export income shall be marginally taxed at the rate of 20% from the next financial year progressively upto 100% over the next five years.

(Rs m) 3QFY1999 3QFY2000 Change
Sales 6 41 583%
Other Income - -  
Expenditure 4 25 525%
Operating Profit (EBDIT) 2 16 700%
Operating Profit Margin (%) 33.3% 39.0%  
Interest - - 0%
Depreciation 1 4 300%
Profit before Tax 1 12 1100%
Other Adjustments -  
Tax - 1  
Profit after Tax/(Loss) 1 11 1000%
Net profit margin (%) 16.7% 26.8%
Earnings per share 0.33 2.75 725%

Equitymaster requests your view! Post a comment on "Soffia net profit up tenfold.". Click here!


More Views on News

Sorry! There are no related views on news for this company/sector.

Most Popular

Why We Picked This Small-cap Stock for Our Hidden Treasure Subscribers (Profit Hunter)

Sep 17, 2020

This leading household brand will profit big time in a post covid world.

My Top Stock to Buy in this Market Selloff (Profit Hunter)

Sep 22, 2020

The recent correction offers a great opportunity to buy this high conviction smallcap stock.

Can the Nifty Fall to 10,200? (Fast Profits Daily)

Sep 24, 2020

The Nifty has reached an important support level today. If it breaks then we could see further downside.

What Do the Charts Say About Buying Smallcaps Now? (Fast Profits Daily)

Sep 18, 2020

Everyone seems to be excited about buying smallcaps now...but is it the right thing to do? What do the charts tell us? Find out in this video...


Covid-19 Proof
Multibagger Stocks

Covid19 Proof Multibaggers
Get this special report, authored by Equitymaster's top analysts now!
We will never sell or rent your email id.
Please read our Terms


Feb 24, 2020 (Close)


  • Track your investment in QUINTEGRA SOLUTIONS with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks