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Soffia Software's spectacular profit growth

Oct 24, 2000

Soffia Software Ltd. has reported a spectacular quarter on quarter growth of 79% in profits for 1QFY01. The company's profit growth was boosted by higher exports which contributed 71% to its total income.

(Rs m) 4QFY01 1QFY01 Change
Sales 55 93 69.9%
Expenditure 33 56 70.0%
Operating Profit (EBDIT) 22 37 69.8%
Operating Profit Margin (%) 39.8% 39.8%  
Interest 0 0  
Depreciation 4 7 64.4%
Profit before Tax 17 30 71.3%
Tax 1 1  
Profit after Tax/(Loss) 16 29 78.7%
Net profit margin (%) 30.0% 31.5%  
Diluted number of shares (m) 4.0 4.0  
Diluted Earnings per share* 16.4 29.3  
*(annualised)      
P/E (at current price) 11 6  

During the quarter the company has bagged a major order from its US client valued at US $ 2.4 m. It has also added more than a dozen clients in US.

At the current market price of Rs 178 Soffia Software gets P/E multiple of 6 times its 1QFY01 annualised earnings.


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