The shares of the SAP Consulting Company gained up to 5 percent after the company’s revenue increased by 86 percent YoY and 21 percent QoQ in the fourth quarter.
With a market capitalization of Rs 113.00 crore, the shares of Adroit Infotech Ltd were trading at Rs 20.99 per share, increasing around 3.50 percent as compared to the previous closing price of Rs 20.28 apiece.
Looking into the company’s performance, Adroit Infotech Ltd’s revenue increased by 21 percent on a quarter-on-quarter basis from Rs. 7.09 crore in Q3FY24 to Rs. 8.60 crore in Q4FY24. Further, revenue increased by 86 percent year on year, from Rs. 4.62 crore in Q4FY23 to Rs. 8.60 crore in Q4FY24.
Adroit Infotech Ltd’s net profit increased by 17 percent on a quarter-on-quarter basis, from Rs. 1.56 crore in Q3FY24 to Rs. 1.83 crore in Q4FY24. Further, net profit increased by 198 percent year on year from a loss of Rs. 1.85 crore in Q4FY23 to a profit of Rs. 1.83 crore in Q4FY24.
The company’s profitability measures show an incline in return on equity (RoE) from 8.93 percent in FY 21-22 to 26.24 percent in FY 22-23, while, during the same period return on capital employed (RoCE) increased from 6.56 percent to 15.70 percent. In contrast, the net profit margin (NPM) was 16.85 percent in fiscal year 22-23.
In the company’s recent shareholding pattern, promoters own 38.45 percent while Retail shareholders own a 61.56 percent stake in the company and domestic Institutional Investors own a 0 percent stake.
Adroit Infotech Limited is an India-based SAP consulting firm. The Company’s development focus is on big business and mid-market segments. Its services include migrations to HANA, which covers SAP HANA, SAP Suite on HANA, and S/4 HANA, as well as traditional SAP ECC.
Written by:- Abhishek Singh
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