One of the small-cap IT stocks has engaged in the business of computer software and data processing services. The stock has hit 5 percent after reporting September quarter results in 2024. The company’s revenue increased by 170.83 percent to Rs. 235.27 crore, and net profit increased by 333.21 percent to Rs. 11.35 crore.
Stock movement:
After the announcement of its quarterly results, Blue Cloud Softech Solutions Limited’s stock surged by 5 percent, reaching an upper circuit of Rs.144.20 per share on Monday, up from its previous closing price of Rs.137.35 per share.
Over the past year, the stock has provided impressive returns of more than 146.53 percent. As of November 18, 2024, the company’s market capitalization is approximately Rs. 3,145.59 crore.
Q2 FY25 Result Walkthrough:
Ahead of its quarterly results, Blue Cloud Softech Solutions Limited reported a significant year-on-year (YoY) increase in consolidated revenue from operations, rising by 170.83 percent from Rs. 86.87 crore in Q2 FY24 to Rs. 235.27 crore in Q2 FY25. On a quarter-on-quarter (QoQ) basis, revenue grew by 3.84 percent compared to Rs. 231.24 crore in Q1 FY25.
The company’s EBIT margin also showed remarkable YoY growth, increasing by 496 percent from Rs. 17.6 crore in Q2 FY24 to Rs. 2.95 crore in Q2 FY25. Consolidated net profit for Q2 FY25 rose by 333.21 percent YoY to Rs. 11.35 crore, up from Rs. 2.62 crore in the same quarter of the previous year. Compared to Q1 FY25, net profit saw an 8.30 percent increase from Rs. 10.48 crore.
Basic earnings per share (EPS) improved by 225 percent, reaching Rs. 0.52 in Q2 FY25, compared to Rs. 0.16 in the corresponding quarter of the previous year.
Regarding return ratios, the company’s return on equity (ROE) stands at 34.88 percent, while the return on capital employed (ROCE) is at 35.31 percent. Additionally, Blue Cloud Softech Solutions Limited maintains a debt-to-equity ratio of 0.66x.
Also read….
Services Offer:
The company offers specific software development to create custom applications that meet specific business needs. IT consulting services provide expert advice on optimizing IT practices for achieving strategic goals. Additionally, cloud services deliver secure, scalable solutions for data storage, management, and processing, empowering businesses to thrive in today’s digital landscape.
Shareholding pattern:
In September 2024, Blue Cloud Softech Solutions Limited had held a stake by the promoters at 1.74 percent, foreign institutional investors at 22.94 percent, and the public at 75.32 percent.
Company Overview:
Blue Cloud Softech Solutions Limited operates within the information technology sector, specializing in software solutions and IT consulting. The company develops custom software applications, provides IT support, and offers cloud computing solutions.
Written By – Nikhil Naik
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
The post IT stock hits 5% upper circuit after reporting 333% YoY increase in net profit appeared first on Trade Brains.
