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10/02/2024 13:01

Blue Cloud Softech Q3 net profit zooms 9000.00% at Rs 0.91 cr

The company reported standalone net profit of Rs 0.91 crore for the quarter ended December 31, 2023 as compared to Rs 0.01 crore in the same period last year, registering a year-on-year growth of 9000.00 per cent.

Net revenue of the company rose three fold by 22787.50 per cent at Rs 54.93 crore in October-December quarter of this fiscal as against Rs 0.24 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 23234.78 per cent to Rs 53.67 crore from Rs 0.23 crore in year ago period.

Operating Profit surged by 12500.00 per cent to Rs 1.26 crore as against Rs 0.01 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 52.69 per cent in December quarter.

Taxation increased by 0.00 per cent at Rs 0.35 crore (Dec'22 Rs 0.00 crore).