B2B Software Technologies Q1 Results Live : profit rise by 890.53% YOY

B2B Software Technologies Q1 Results Live : B2B Software Technologies announced their Q1 results on 18 Jul, 2024, showcasing a significant growth in both revenue and profit. The company's revenue surged by 17.24% year-over-year, while the profit saw a remarkable increase of 890.53% compared to the same quarter last year.

Despite the impressive yearly growth, B2B Software Technologies experienced a decline in revenue by 19.69% when compared to the previous quarter. However, the profit still managed to increase by 107.32% sequentially.

The Selling, general & administrative expenses of the company decreased by 5.55% quarter-on-quarter but showed a slight increase of 1.5% year-on-year.

In terms of operating income, B2B Software Technologies witnessed a substantial growth of 103.96% quarter-on-quarter and an impressive increase of 1065.82% year-on-year.

The company reported an EPS of ₹0.97 for Q1, marking a significant rise of 870% year-on-year.

Furthermore, B2B Software Technologies has delivered mixed returns to its investors, with a 9.44% return in the last week, but negative returns of -23.68% in the last 6 months and -28.78% year-to-date.

As of now, B2B Software Technologies holds a market cap of ₹33.88 Cr with a 52-week high/low of ₹45.47 and ₹24.9 respectively.