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Blue Cloud Softech Solutions Ltd Q1 Results, Net Profit of Rs 1,047.79 Lakhs
Blue Cloud Softech Solutions Ltd's Q1 2024 results showed strong growth with net sales of Rs 23,123.90 lakhs and a net profit of Rs 1,047.79 lakhs.
by P Nandhini
Updated Aug 08, 2024
Blue Cloud Softech Solutions Ltd has announced its unaudited financial results for the first quarter ending June 30, 2024. The company reported a net sales income of Rs 23,123.90 lakhs, showing an increase from the previous quarter's Rs 21,308.85 lakhs.
The total income from operations, which includes other income, amounted to Rs 23,140.06 lakhs. Despite facing higher costs, including employee benefits and finance costs, the company managed to achieve a profit before tax of Rs 1,472.99 lakhs, up from Rs 1,115.18 lakhs in the previous quarter.
The company's total expenses for the quarter stood at Rs 21,667.06 lakhs, driven by significant costs in revenue and employee benefits. However, efficient management of other expenses and administrative costs helped mitigate overall expenditure.
After accounting for taxes, Blue Cloud Softech Solutions Ltd reported a net profit of Rs 1,047.79 lakhs. The results demonstrate the company's steady growth and resilience, positioning it strongly for future advancements in the digital solutions market.
Blue Cloud Softech Solutions Ltd Q1 Results
Blue Cloud Softech Solutions Ltd has released its unaudited financial results for the first quarter ending June 30, 2024. The company showed significant growth in its net sales income and overall profit compared to the previous quarter. Below is a detailed table summarizing the key financial metrics:
| Particulars | 30-06-2024 (Unaudited) | 31-03-2024 (Audited) | 30-06-2023 (Unaudited) | 31-03-2024 (Audited) |
|---|---|---|---|---|
| Net Sales/Income from Operations | Rs 23,123.90 lakhs | Rs 21,308.85 lakhs | - | Rs 50,219.03 lakhs |
| Other Income | Rs 16.16 lakhs | Rs 25.17 lakhs | - | Rs 30.31 lakhs |
| Total Income from Operations (Net) | Rs 23,140.06 lakhs | Rs 21,334.01 lakhs | - | Rs 50,249.33 lakhs |
| Cost of Revenue | Rs 19,523.42 lakhs | Rs 17,483.23 lakhs | - | Rs 41,953.09 lakhs |
| Employee Benefits Expense | Rs 1,525.96 lakhs | Rs 1,918.82 lakhs | - | Rs 4,715.54 lakhs |
| Finance Costs | Rs 305.57 lakhs | Rs 272.24 lakhs | - | Rs 506.43 lakhs |
| Administrative Expenses | Rs 181.26 lakhs | Rs 810.17 lakhs | - | Rs 810.17 lakhs |
| Depreciation and Amortisation Expense | Rs 101.53 lakhs | Rs 6.93 lakhs | - | Rs 7.09 lakhs |
| Other Expenses | Rs 29.31 lakhs | Rs -272.57 lakhs | - | Rs 80.63 lakhs |
| Total Expenses | Rs 21,667.06 lakhs | Rs 20,218.83 lakhs | - | Rs 48,072.95 lakhs |
| Profit / (Loss) before Tax | Rs 1,472.99 lakhs | Rs 1,115.18 lakhs | - | Rs 2,176.38 lakhs |
| Tax Expense | Rs 425.20 lakhs | Rs 257.05 lakhs | - | Rs 567.94 lakhs |
| Profit / (Loss) from Continuing Ops | Rs 1,047.79 lakhs | Rs 858.13 lakhs | - | Rs 1,608.44 lakhs |
| Other Comprehensive Income (net) | Rs 1.05 lakhs | Rs 16.25 lakhs | - | Rs -17.88 lakhs |
| Total Comprehensive Income | Rs 1,046.74 lakhs | Rs 841.88 lakhs | - | Rs 1,626.32 lakhs |
| Earnings per Equity Share (Basic) | Rs 0.48 | Rs 0.39 | - | Rs 1.00 |
| Earnings per Equity Share (Diluted) | Rs 0.48 | Rs 0.39 | - | Rs 1.00 |
Source: Click Here
Blue Cloud Softech Solutions Ltd
Blue Cloud Softech Solutions Ltd is a company that specializes in providing customized digital solutions for businesses. They focus on areas such as AI, technology, digital transformation, and cloud-based services.
With a team of experts, they help businesses manage IT services, protect information, design efficient software, and harness automation and AI for workforce management.
Blue Cloud Softech is also an academic partner with the Hague Center for Strategic Studies, contributing to research on cybersecurity and defense issues. Their innovative solutions are designed to help businesses tackle current challenges and prepare for future growth.
Blue Cloud Softech Solutions Ltd Q1 Results - FAQs
1. What is Blue Cloud Softech Solutions Ltd?
Blue Cloud Softech Solutions Ltd is a company that provides customized digital solutions, including AI, technology, and cloud-based services for businesses.
2. What did Blue Cloud Softech Solutions Ltd report for Q1 2024?
For Q1 2024, the company reported net sales of Rs 23,123.90 lakhs and a net profit of Rs 1,047.79 lakhs.
3. When does the financial quarter end for Blue Cloud Softech Solutions Ltd?
The financial quarter ends on June 30 each year.
4. How much did the Blue Cloud Softech Solutions earn in net sales for Q1 2024?
The Blue Cloud Softech Solutionsearned Rs 23,123.90 lakhs in net sales for Q1 2024.
5. What was the profit before tax for Blue Cloud Softech Solutions Ltd in Q1 2024?
The profit before tax was Rs 1,472.99 lakhs.
6. How did the Q1 2024 profit compare to the previous quarter?
The Q1 2024 profit before tax increased from Rs 1,115.18 lakhs in the previous quarter.
7. How much was the company's other income in Q1 2024?
The other income amounted to Rs 16.16 lakhs.
8. What was the total comprehensive income for Q1 2024?
The total comprehensive income was Rs 1,046.74 lakhs.
9. What was the basic earnings per equity share in Q1 2024?
The basic earnings per equity share were Rs 0.48.
10. What type of solutions does Blue Cloud Softech Solutions Ltd offer?
They offer solutions for IT management, information protection, software design, and digital workforce management.