---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-017210"
form_type: "8-K"
ticker: "NTWK"
cik: "0001039280"
company_name: "NETSOL TECHNOLOGIES INC"
filed_at: "2024-04-30T23:59:59+00:00"
generated_at: "2026-06-03T03:53:48.423026+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# NetSol PK subsidiary Q3 revenue up 8% but net profit plunges to PKR 64M from PKR 1,404M YoY

## Summary
- Revenue rose to PKR 2,247M (Q3 FY24) from PKR 2,079M (Q3 FY23), +8% YoY.
- Gross profit improved to PKR 989M from PKR 695M, +42% YoY.
- Net profit collapsed to PKR 64M (EPS PKR 0.72) from PKR 1,404M (EPS PKR 15.98) due to PKR 265M FX loss vs PKR 1,401M FX gain.
- Results are for NetSol PK subsidiary only; not representative of consolidated NetSol Technologies, Inc.

## SEC filing metadata
- accession: 0001493152-24-017210
- form_type: 8-K
- ticker: NTWK
- cik: 0001039280
- company_name: NETSOL TECHNOLOGIES INC
- filed_at: 2024-04-30T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1039280/000149315224017210/0001493152-24-017210-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1039280/000149315224017210/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-017210
- JSON: https://secwatch.observer/filing/0001493152-24-017210.json
- Plain text: https://secwatch.observer/filing/0001493152-24-017210.txt

## Key facts
- Earnings Releases
  NETSOL TECHNOLOGIES INC reported quarter ended March 31, 2024 results: revenue PKR 2,247 million, net income PKR 64 million, EPS PKR 0.72 per diluted share.
  - Period: quarter ended March 31, 2024
  - Revenue: PKR 2,247 million
  - Net income: PKR 64 million
  - EPS: PKR 0.72 per diluted share
  - Result: reported results
  source text: NetSol Technologies Limited Pakistan, (“NetSol PK”), a majority owned subsidiary of NetSol Technologies, Inc., today announced financial results for the quarter ended March 31, 2024. Financial Highlights Q3, 2023-24 ● Company posted revenues of PKR 2,247 million compared to PKR 2,079 million in corresponding quarter of last fiscal year ● Gross profit remained at PKR 989 million compared to PKR 695 million in the corresponding period ● Company reported a net profit of PKR 64 million compared to PKR 1,404 million last year
  evidence_url: https://www.sec.gov/Archives/edgar/data/1039280/000149315224017210/0001493152-24-017210-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.