IT Consulting & Software company Ksolves India announced Q3FY25 results Revenue: Rs 3,770 lakh compared to Rs 2,842 lakh during Q3FY24, change 33%. EBITDA: Rs 1,407 lakh compared to Rs 1,202 lakh during Q3FY24, change 17%. EBITDA Margin: 37.3% for Q3FY25. PBT: Rs 1,360 lakh compared to Rs 1,188 lakh during Q3FY24, change 14%. PAT: Rs 1,032 lakh compared to Rs 894 lakh during Q3FY24, change 15%. PAT margin: 27.4% for Q3FY25. EPS: Rs 8.70 for Q3FY25. Result PDF
IT Consulting & Software company Ksolves India announced Q2FY25 results Financial Highlights: Achieved Yet Another Record Quarterly Revenue: Reached the highest quarterly revenue to date, totaling Rs 34.82 crore. Sustained Profitable Growth: Revenue grew by 34% YoY and 10.3% QoQ, while Profit After Tax (PAT) increased by 11.7% YoY and 2.7% QoQ, reflecting steady growth in both revenue and profitability. EPS Comparison: Earnings per share (EPS) stood at Rs 7.75 for September 2024, compared to Rs 6.94 at same period last year. Workforce Update: As of Q2FY25, our total headcount stands at 531 employees. Debt Update: Continues to be Debt free (other than Capitalization of Right of Use Assets for Office), Growth funded by Internal Accruals. Dividend Update: The Board has declared an interim dividend of Rs.8 per share, raising the total interim dividend declared in the financial year to Rs.16 per share to date Business Highlights: Big Data Partnership: Started a collaboration with India’s leading independent full-service retail & institutional broking houses on Big Data initiatives. AI/ML Expansion: Deepened our partnership with a Fortune 200 telecom global giant by doubling the size of the AI/ML team. NiFi Product Launch: Soft-launched our NiFi product, successfully beta-testing it with a leading global shipping company. Ratan Kumar Srivastava, Chairman and Managing Director said: “I’m pleased to announce our Q2FY25 results, highlighting strong revenue and profitability growth. After five quarters, we have once again achieved double-digit quarterly revenue growth, with the last instance being in the Q4FY23. Thanks to our team’s dedication to exceptional customer solutions. Our continued strategic investments in global events boosted our market presence and attracted new customers. With a 2nd international office in Dubai, we look forward to enhancing our footprint in the Middle East and strengthening ties with existing clients. We appreciate the ongoing support from our customers, shareholders, employees, and stakeholders, which is vital to our success.” Result PDF
IT Consulting & Software company Ksolves India announced Q1FY25 results: Financial Highlights: Record Highest Quarterly Revenue: Achieved the highest quarterly revenue to date, amounting to Rs 31.57 crore. Sustained Profitable Growth: Sustained Profitable Growth: Revenue increased by 33%, and Profit After Tax (PAT) rose by 18%, demonstrating consistent growth in both revenue and profitability. Earnings per Share (EPS) demonstrated robust growth, ascending from Rs 6.40 in Q1 FY24 to Rs 7.55 in Q1FY25. Workforce Update: As of June 30, 2024, our total headcount stands at 520 employees. Noida Office Expansion: Our newly expanded office in Noida is now fully operational, providing a strategic platform for future growth and expansion. Other Highlights: ESOP Scheme: The board of directors has approved the implementation of an Employee Stock Ownership Plan (ESOP) to incentivize employees. Shareholders’ approval is currently being sought. Interim Dividend: Announced 1st interim dividend of Rs 8 per share on June 20, 2024 for FY25. Expansion into UAE: The Board has approved the establishment of a 100% subsidiary in the UAE to support and expand our customer base in the region. Statement by Ratan Kumar Srivastava, Chairman and Managing Director: “I am pleased to announce a promising start to FY25 with steady revenue and profitability growth, driven by our teams’ dedication to delivering top-notch customer solutions. The strategic investments in global events have bolstered our market presence, attracting existing and prospective customers. We have decided to establish a wholly-owned subsidiary in the UAE, expanding our footprint. Continued support from our customers, shareholders, employees, and stakeholders is pivotal to our ongoing success.” Result PDF
IT Consulting & Software company Ksolves India announced Q2FY24 results: 1. Financial Performance: - Consolidated Revenue from Operations increased 40.4% YoY (Rs 25.98 crore vs Rs 18.50 crore) - Consolidated Revenue from Operations increased 9.2% QoQ (Rs 25.98 crore vs Rs 23.79 crore) - Profit After Tax (PAT) increased 39.1% YoY (Rs 8.23 crore vs Rs 5.92 crore) - Profit After Tax (PAT) increased 8.4% QoQ (Rs 8.23 crore vs Rs 7.59 crore) - Q2 Earnings per Share (EPS) stands at Rs 6.94, up from Rs 4.99 in the same quarter last year. 2. Business Expansion: - 55+ IT services clients across 25+ countries with top-5 client's contribution of 33% and top-10 at 49%. - Focus remained on generating revenue per employee by enhancing technology mix and billing rates. - Expanded team across the organization after the last quarter's expansion in the Noida Office. - Shifted to a bigger office space in Noida. - Headcount increased from 413 to 451 along with maximum resource utilization. - This quarter faced a lower attrition rate. - Focused on hiring senior-level resources. 3. Investments for Sustained Growth and Business Updates: - 1st Interim Dividend of Rs 7 per share is declared. - Cost pressure seen consequent to shifting to bigger office space. - Few recent business wins augur well for future trajectory. - The company continues to have a pipeline of leads to sustain Industry growth. - Increased business travel, marketing expenses, and office re-opening expenses created downward pressure on margins but that's likely to be offset by better operating efficiencies. - Subdued attrition pressure in recent months is expected to help in sustaining profitability. Result PDF
IT Consulting & Software company Ksolves India announced Q1FY24 results: In Q1FY24, Consolidated Revenue from Operations grew 44% YoY (Rs 23.79 crore vs Rs 16.51 crore), QoQ growth of 4.6% QoQ (Rs 23.79 crore vs Rs 22.74 crore) In Q1FY24, Profit After Tax (PAT) increased 43.5% YoY (Rs 7.59 crore vs Rs 5.29 crore). QoQ growth of 3.5% (Rs 7.59 crore vs Rs 7.34 crore) has an adverse base effect from the non-operating income of Rs 0.43 crore last quarter. Q1FY24 Earning per share of Rs 6.40 vs Rs 4.46 last year same quarter. Slowdown in QoQ revenue growth driven by a one-off delay in project onboarding of a few recent wins. The business development cycle is becoming longer as the client mix is increasingly tilting towards enterprise clients. The company expects to quickly bounce back to a higher growth trajectory from Q2FY24 onwards. Operating margins improved QoQ as cost rationalization & increased utilization levels have offset the annual salary hike cycle in Q1FY24. Upcoming cost pressure from various business initiatives such as international business travels of key project leads will be offset via various cost synergies. The company expects to maintain a high margin profile in the near to mid future. Client base continues to be diversified with 45+ IT services clients across 15+ countries with top5 client’s contribution of 30% and top-10 at 46%. Key geographies of the USA and India saw strong traction. The business development focus remains on increasing the revenue share of Europe, Canada, and Australia. Key new deal wins include a USA-based Automotive Heavyweight, a large Australian Digital Marketing firm, and a UK-based, Global commercial real estate services company. New project win includes a Big Data Project distinguished banking institution in the Middle East. Result PDF