Netsol Technologies Limited (PSX: NETSOL)

Netsol Technologies Income Statement

Financials in millions PKR. Fiscal year is July - June.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2024	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Revenue	9,182	9,580	7,788	6,185	4,948	4,708
Revenue Growth (YoY)	9.86%	23.01%	25.91%	25.02%	5.08%	-12.64%
Cost of Revenue	5,326	5,435	5,697	4,105	3,147	3,142
Gross Profit	3,856	4,145	2,090	2,081	1,800	1,566
Selling, General & Admin	2,392	2,357	2,087	1,559	1,308	1,223
Other Operating Expenses	520.22	540.82	733.88	322.04	168.44	275.5
Operating Expenses	2,912	2,897	2,821	1,881	1,476	1,499
Operating Income	944	1,247	-730.34	199.14	323.94	67.18
Interest Expense	-299.48	-309.98	-185.97	-57.97	-57.58	-46.94
Interest & Investment Income	514.59	514.59	296.16	281.71	150.31	179.24
Earnings From Equity Investments	-	-	-33.69	-165.7	-27.2	-66.79
Currency Exchange Gain (Loss)	-327.31	-327.31	1,701	790.68	-119.66	68.12
Other Non Operating Income (Expenses)	299.1	49.59	-2.94	-0.37	2.07	2.01
EBT Excluding Unusual Items	1,131	1,174	1,045	1,047	271.89	202.81
Gain (Loss) on Sale of Assets	28.74	28.74	-6.18	-35.13	-8.54	3.78
Pretax Income	1,160	1,203	1,038	1,012	263.35	206.59
Income Tax Expense	28	-	-	140.04	70.39	162.48
Earnings From Continuing Operations	1,132	1,203	1,038	872.32	192.96	44.11
Net Income to Company	1,132	1,203	1,038	872.32	192.96	44.11
Minority Interest in Earnings	-	-	-	-	-	-8.09
Net Income	1,132	1,203	1,038	872.32	192.96	36.02
Net Income to Common	1,132	1,203	1,038	872.32	192.96	36.02
Net Income Growth	2.66%	15.85%	19.05%	352.07%	435.64%	-97.16%
Shares Outstanding (Basic)	88	88	88	90	90	90
Shares Outstanding (Diluted)	89	89	88	90	90	90
Shares Change (YoY)	0.90%	0.53%	-1.82%	-0.13%	0.00%	0.01%
EPS (Basic)	12.88	13.70	11.82	9.73	2.15	0.40
EPS (Diluted)	12.75	13.59	11.79	9.72	2.15	0.40
EPS Growth	1.78%	15.27%	21.30%	352.54%	436.97%	-97.17%
Free Cash Flow	1,422	1,865	-1,289	-61.83	1,289	-185.5
Free Cash Flow Per Share	16.01	21.07	-14.63	-0.69	14.35	-2.06
Dividend Per Share	3.000	3.000	-	-	-	-
Gross Margin	41.99%	43.27%	26.84%	33.64%	36.39%	33.26%
Operating Margin	10.28%	13.02%	-9.38%	3.22%	6.55%	1.43%
Profit Margin	12.32%	12.56%	13.33%	14.10%	3.90%	0.77%
Free Cash Flow Margin	15.49%	19.47%	-16.55%	-1.00%	26.06%	-3.94%
EBITDA	1,206	1,528	-389.78	451.42	522.51	243.47
EBITDA Margin	13.14%	15.95%	-5.00%	7.30%	10.56%	5.17%
D&A For EBITDA	262.38	280.52	340.56	252.28	198.57	176.29
EBIT	944	1,247	-730.34	199.14	323.94	67.18
EBIT Margin	10.28%	13.02%	-9.38%	3.22%	6.55%	1.43%
Effective Tax Rate	2.41%	-	-	13.83%	26.73%	78.65%
Advertising Expenses	-	36.72	32.85	15.89	3.53	14.75

Source: S&P Capital IQ. Standard template. Financial Sources.