Netripples Software Limited reported a net profit of ₹12.72 lakh for the quarter ended March 31, 2019, marking a 109% year-on-year increase from ₹6.08 lakh in the corresponding period last year. Revenue from operations rose 68% YoY to ₹449.51 lakh, driven by higher operational activity compared to the previous fiscal year's fourth quarter.

The company’s Board of Directors approved the unaudited standalone financial results on May 19, 2019. The statutory auditors, B S & Associates, issued an unmodified opinion on the financial statements, confirming they present a true and fair view in conformity with Indian Accounting Standards (Ind AS).

Financial Performance Overview

The fourth quarter of FY19 saw significant expansion in both top and bottom lines. While revenue surged, expenses also increased proportionally, maintaining a steady operating margin profile. The following table details the key financial metrics for Q4FY19 compared to the preceding and corresponding quarters.

Annual Consolidated View

For the full fiscal year ended March 31, 2019, Netripples recorded total revenue from operations of ₹2,498.65 lakh, a slight decline from ₹2,566.71 lakh in FY18. Despite the marginal dip in annual revenue, the net profit for the year rose to ₹43.88 lakh from ₹38.74 lakh in the previous year, indicating improved cost management or operational efficiency over the twelve-month period.

What the Numbers Show

A divergence exists between quarterly momentum and annual performance. While Q4FY19 revenue grew significantly by 68% YoY, the full-year revenue contracted slightly by roughly 2.6% YoY. This suggests that the growth was concentrated heavily in the final quarter, potentially offsetting weaker performance in earlier quarters of FY19. Additionally, the absence of exceptional items in Q4FY19 (₹0.00) compared to ₹3.46 lakh in Q3FY19 highlights that the reported profit increase was purely operational rather than aided by one-time gains or tax adjustments.

Balance Sheet and Auditor Notes

The independent auditor’s report confirmed that total assets of ₹1,026.26 lakh matched total equity and liabilities as of March 31, 2019. Cash and cash equivalents stood at ₹3.25 lakh, agreeing with the balance sheet notes. Other equity excluding revaluation reserves increased to ₹302.95 lakh from ₹259.06 lakh in the previous year, reflecting retained earnings accumulation.

Shareholders of Netripples Software Limited unanimously approved the re-appointment of three independent directors for a second consecutive five-year term. The resolutions passed at the Annual General Meeting held on September 30, 2025, secured 100% voting support across all items.

The Board of Directors recommended these appointments following a meeting held earlier that same day. The decision aligns with provisions of the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Each director’s initial term expired on September 30, 2025, necessitating this formal renewal process.

Voting results and approvals

The scrutinizer’s report confirmed that all three special resolutions received identical support from shareholders. No votes were cast against any of the candidates. The total number of votes in favor for each item stood at 34,281,120, representing 100% of the votes cast.

Regulatory compliance and terms

The re-appointments were executed pursuant to Sections 149, 150, and 152 of the Companies Act, 2013, read with Schedule IV. The Nomination and Remuneration Committee recommended the candidates based on their continued eligibility under Section 149(6) of the Act and Regulation 16(1)(b) of the SEBI LODR Regulations.

Each director will hold office for a period of 5 years commencing September 30, 2025. They are not liable to retire by rotation. The company confirmed that all necessary disclosures and certifications were submitted to BSE Limited in compliance with Regulation 30 and Regulation 44 of the SEBI LODR Regulations.