Nextracker Inc. Class A Common Stock (NXT)

Net profit margin

		Mar 31, 2024	Dec 31, 2023	Sep 30, 2023
Net income (ttm)	US$ in thousands	306,241	8,418	-32,978
Revenue (ttm)	US$ in thousands	2,499,841	2,281,721	2,084,665
Net profit margin		12.25%	0.37%	-1.58%

March 31, 2024 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $306,241K ÷ $2,499,841K
= 12.25%

The net profit margin of Nextracker Inc. Class A Common Stock has shown significant fluctuations over the last few quarters. The company's net profit margin was 12.25% in March 31, 2024, indicating that for every dollar of revenue generated, the company retained $0.1225 as net income. This represents a substantial improvement compared to the previous quarter's net profit margin of 0.37% in December 31, 2023. It is worth noting that the net profit margin was negative in September 30, 2023, at -1.58%, which implies that the company incurred a net loss during that period. Overall, the upward trend in the net profit margin from negative values to positive values suggests an improvement in the company's profitability performance.