Veefin Solutions (BOM:543931) Net Margin % : 40.35% (As of Mar. 2024)

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What is Veefin Solutions Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Veefin Solutions's Net Income for the six months ended in Mar. 2024 was ₹64.2 Mil. Veefin Solutions's Revenue for the six months ended in Mar. 2024 was ₹159.2 Mil. Therefore, Veefin Solutions's net margin for the quarter that ended in Mar. 2024 was 40.35%.

The historical rank and industry rank for Veefin Solutions's Net Margin % or its related term are showing as below:

BOM:543931' s Net Margin % Range Over the Past 10 Years
Min: 10.69 Med: 24.27 Max: 30.38
Current: 29.64

BOM:543931's Net Margin % is ranked better than
95.79% of 2758 companies
in the Software industry
Industry Median: 1.905 vs BOM:543931: 29.64

Veefin Solutions Net Margin % Historical Data

The historical data trend for Veefin Solutions's Net Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Veefin Solutions Net Margin % Chart

Veefin Solutions Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Net Margin %

18.89

10.69

30.38

29.64

Veefin Solutions Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Mar24
Net Margin %	-	-	-	10.80	40.35

Competitive Comparison of Veefin Solutions's Net Margin %

For the Software - Infrastructure subindustry, Veefin Solutions's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Veefin Solutions's Net Margin % Distribution in the Software Industry

For the Software industry and Technology sector, Veefin Solutions's Net Margin % distribution charts can be found below:

* The bar in red indicates where Veefin Solutions's Net Margin % falls into.

Veefin Solutions Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

Veefin Solutions's Net Margin for the fiscal year that ended in Mar. 2024 is calculated as

Net Margin	=	Net Income (A: Mar. 2024 )	/	Revenue (A: Mar. 2024 )
	=	74.009	/	249.72
	=	29.64 %

Veefin Solutions's Net Margin for the quarter that ended in Mar. 2024 is calculated as

Net Margin	=	Net Income (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	64.231	/	159.178
	=	40.35 %

Veefin Solutions (BOM:543931) Net Margin % Explanation

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.

Veefin Solutions Net Margin % Related Terms

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Veefin Solutions (BOM:543931) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Veefin Solutions Ltd (BOM:543931) » Definitions » Net Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kirol Road, Office No-601, 602 & 603, Neelkanth Corporate IT Park, Vidhyavihar, Mumbai, MH, IND, 400 086

Website

https://www.veefin.com

Veefin Solutions Ltd is a Digital Lending and Supply Chain Finance (SCF) technology product solutions company based in Mumbai. Supply Chain Finance is a financial tool that is used to help businesses manage their cash flows and improve their working capital. The company provides its product solutions to a wide range of clients globally, including Banks, Non-Banking Financial Institutions, FinTech, Marketplaces, and Corporates. Its technology product solutions are offerings, which are designed with a user-led approach, data, and analytics, and built by experienced bankers for bankers. The company operates in two segments; Supply Chain Finance Technology Solutions and Digital Lending Suite Solutions.

Veefin Solutions (BOM:543931) Headlines

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