Nextracker Inc. Class A Common Stock (NXT)

Pretax margin

		Mar 31, 2024	Dec 31, 2023	Sep 30, 2023
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	418,023	72,868	53,682
Revenue (ttm)	US$ in thousands	2,499,841	2,281,721	2,084,665
Pretax margin		16.72%	3.19%	2.58%

March 31, 2024 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $418,023K ÷ $2,499,841K
= 16.72%

The pretax margin of Nextracker Inc. Class A Common Stock has shown an improving trend over the last three quarters. In particular, the pretax margin significantly increased from 2.58% in September 2023 to 16.72% in March 2024. This suggests that the company has been able to effectively control its operating expenses relative to its revenue, leading to higher profitability before taxes. The notable surge in pretax margin indicates improved operational efficiency and potentially more effective cost management strategies implemented by the company. Investors may view this upward trend positively as it reflects the company's ability to generate more earnings from its core operations.