Xchanging Solutions Q3 FY24 results: loss at ₹3.54Cr, Revenue increased by 2.71% YoY
Xchanging Solutions Q3 FY24 results: Revenue increased by 2.71% YoY & loss at ₹3.54Cr
Xchanging Solutions declared their Q3 FY24 results on 13 Feb, 2024. The topline increased by 2.71% & the loss came at ₹3.54cr. It is noteworthy that Xchanging Solutions had declared a profit of ₹6.92cr in the previous fiscal year same period. As compared to the previous quarter, the revenue declined by 1.8%.
The Selling, general & administrative expenses declined by 0.2% q-o-q & decreased by 5.21% Y-o-Y.
The operating income was down by 2.44% q-o-q & increased by 42.01% Y-o-Y.
The EPS is ₹-0.32 for Q3 FY24, which decreased by 151.61% Y-o-Y.
Xchanging Solutions has delivered -7.18% return in the last 1 week, 41.18% return in the last 6 months, and 19.95% YTD return.
Currently, Xchanging Solutions has a market cap of ₹1439.89 Cr and a 52wk high/low of ₹149.7 & ₹51.65 respectively.
The company has also declared an interim dividend of ₹15.0. The record date for the dividend is 23 Feb, 2024, and the ex-dividend date will be 23 Feb, 2024.
Xchanging Solutions Financials
| Period | Q3 FY24 | Q2 FY24 | Q-o-Q Growth | Q3 FY23 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 42.48 | 43.26 | -1.8% | 41.36 | +2.71% |
| Selling/ General/ Admin Expenses Total | 15.11 | 15.14 | -0.2% | 15.94 | -5.21% |
| Depreciation/ Amortization | 0.12 | 0.15 | -20% | 0.16 | -25% |
| Total Operating Expense | 31.29 | 31.79 | -1.57% | 33.48 | -6.54% |
| Operating Income | 11.19 | 11.47 | -2.44% | 7.88 | +42.01% |
| Net Income Before Taxes | 15.61 | 17.02 | -8.28% | 10.12 | +54.25% |
| Net Income | -3.54 | 13.83 | -125.6% | 6.92 | -151.16% |
| Diluted Normalized EPS | -0.32 | 1.24 | -125.81% | 0.62 | -151.61% |
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