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VL E-Governance & IT Solutions Q2 Results Revenue at ₹7.99 Crores Despite YoY Decline
VL E-Governance & IT Solutions Q2 Results with a Total Revenue of ₹7.99 crores and they achieved an Operating Income of ₹0.69 crores and a Net Income of ₹0.81 crores.
by Ruksana
Updated Oct 12, 2024
Table of Content
VL E-Governance & IT Solutions Q2 Results: VL E-Governance & IT Solutions shows the financial results for the second quarter of 2024. The figures are presented in crores (₹). The Total Revenue for September 2024 is ₹7.99 crores. This is an increase from ₹0.00 in the previous quarter, which indicates a strong growth when looking at the quarter-on-quarter (QoQ) performance. However, compared to the same quarter last year, which had revenue of ₹22.01 crores, there is a decrease in revenue. This highlights a significant year-over-year (YoY) drop.
VL E-Governance & IT Solutions’ Selling/General/Admin Expenses fell from ₹0.88 crores last quarter to ₹0.73 crores this quarter, showing a positive trend in managing costs, but they increased from ₹0.93 crores YoY. Total Operating Expenses also decreased from ₹4.43 crores last quarter to ₹7.30 crores this quarter but are lower than ₹23.33 crores from a year ago, indicating better expense management year-over-year (YoY).
VL E-Governance & IT Solutions achieved an Operating Income of ₹0.69 crores, improving from a loss of ₹4.43 crores in the previous quarter and a loss of ₹1.32 crores year-over-year (YoY). The Net Income and Diluted Normalized EPS also show improvement, reflecting a positive trend for VL E-Governance & IT Solutions.
Here is a summary of the Quarterly Results for VL E-Governance & Solutions (Q2), with all figures in crores except per share values:
|
Fiscal Period |
Sep 24 |
Jun 23 |
QoQ Change |
Sep 23 |
YoY Change |
|
Total Revenue |
7.99 |
0.00 |
-% |
22.01 |
-% |
|
Selling/General/Admin Expenses |
0.73 |
0.88 |
-% |
0.93 |
-% |
|
Depreciation/Amortization |
0.00 |
0.00 |
-% |
0.00 |
-% |
|
Other Operating Expenses |
0.20 |
3.55 |
-% |
0.42 |
-% |
|
Total Operating Expense |
7.30 |
4.43 |
-% |
23.33 |
-% |
|
Operating Income |
0.69 |
-4.43 |
-% |
-1.32 |
-% |
|
Net Income Before Taxes |
0.81 |
-4.42 |
-% |
-1.00 |
-% |
|
Net Income |
0.81 |
-4.42 |
-% |
-1.00 |
-% |
|
Diluted Normalized EPS |
0.08 |
-0.42 |
-% |
-0.09 |
-% |
Source: Here
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VL E-Governance & IT Solutions Q2 Results
The financial table for VL E-Governance & IT Solutions shows their performance for the quarter ending on September 30, 2024. The company made a total income of ₹254.19 lakhs, which is lower than the ₹811.32 lakhs reported previously. Their expenses also decreased to ₹192.88 lakhs from ₹730.12 lakhs, indicating improved cost management. As a result, the profit for the period was ₹61.30 lakhs, down from ₹81.19 lakhs in the audited report.
Here’s a structured summary of the financial results you provided for VL E-Governance & IT Solutions for the quarter and half-year ended September 30, 2024:
(₹ in Lakhs)
|
Particulars |
31-Mar-24 (Audited) |
Current Period (Un-audited) |
|
1. Income |
||
|
Revenue from operations |
799.03 |
251.32 |
|
Other Income |
12.29 |
2.87 |
|
Total Income |
811.32 |
254.19 |
|
2. Expenses |
||
|
Purchase of stock in trade and other operating exp. |
143.36 |
637.17 |
|
Changes in inventories of stock-in-trade |
- |
- |
|
Employee benefits expense |
25.25 |
72.98 |
|
Finance costs |
- |
- |
|
Depreciation and amortisation expense |
0.03 |
0.03 |
|
Other expenses |
24.24 |
19.94 |
|
Total Expenses |
730.12 |
192.88 |
|
3. Profit before tax & Exceptional item (1-2) |
81.20 |
61.31 |
|
4. Exceptional Item |
- |
- |
|
5. Profit before tax (3+4) |
81.20 |
61.31 |
|
6. Tax expense |
||
|
Current tax |
- |
- |
|
Deferred tax |
0.01 |
0.01 |
|
Total tax expenses |
0.01 |
0.01 |
|
7. Profit for the period / year (5-6) |
81.19 |
61.30 |
|
8. Other comprehensive income (OCI) |
- |
- |
|
9. Total Comprehensive Income for the Period |
81.19 |
61.30 |
|
10. Paid up equity share capital (face value ₹ 10) |
10,595.13 |
10,595.13 |
|
11. Other Equity |
- |
234,246.71 |
|
12. Earnings per Share (EPS) in ₹ (not annualised) |
||
|
(a) Basic |
0.08 |
0.06 |
|
(b) Diluted |
0.08 |
0.06 |
VL E-Governance & IT Solutions Stock Metrics
The VL E-Governance & IT Solutions table shows important financial information about the company. The market cap of ₹ 1,822 Crores means it is valued at this amount in the stock market. The current stock price is ₹ 172, and it reached a high of ₹ 173 and a low of ₹ 28.8 in recent times. The book value per share is ₹ 231, but it does not pay any dividends currently, as indicated by a 0.00% dividend yield. The company's Return on Capital Employed (ROCE) and Return on Equity (ROE) are both negative at -0.30%, suggesting that it is not currently generating profits effectively.
Here’s the financial data you provided in a clear table format:
|
Financial Metric |
Value |
|
Market Cap |
₹ 1,822 Cr. |
|
Current Price |
₹ 172 |
|
High / Low |
₹ 173 / ₹ 28.8 |
|
Stock P/E |
- |
|
Book Value |
₹ 231 |
|
Dividend Yield |
0.00 % |
|
ROCE |
-0.30 % |
|
ROE |
-0.30 % |
|
Face Value |
₹ 10.0 |
Quarterly Results
In the quarterly results for VL E-Governance & IT Solutions, TGHIH showed mixed performance in Mar 2024, Jun 2024, and Sep 2024. In Mar 2024, there were no sales, leading to a significant loss of Rs. 163.47 Crores. However, by Jun 2024, the company made a turnaround, achieving Rs. 2.51 Crores in sales and a positive operating profit of Rs. 0.58 Crores, indicating better expense management. By Sep 2024, sales further increased to Rs. 7.99 Crores, with net profit rising to Rs. 0.81 Crores. This progress shows that the company is improving its financial health and operational efficiency.
Here are the quarterly results for TGHIH for Mar 2024, Jun 2024, and Sep 2024, with the particulars presented in a table format:
|
Particulars |
Mar 2024 |
Jun 2024 |
Sep 2024 |
|
Sales (Rs. Crores) |
0.00 |
2.51 |
7.99 |
|
Expenses (Rs. Crores) |
1.25 |
1.93 |
7.30 |
|
Operating Profit (Rs. Crores) |
-1.25 |
0.58 |
0.69 |
|
OPM % |
23.11% |
8.64% |
|
|
Other Income (Rs. Crores) |
-162.22 |
0.03 |
0.12 |
|
Interest (Rs. Crores) |
0.00 |
0.00 |
0.00 |
|
Depreciation (Rs. Crores) |
0.00 |
0.00 |
0.00 |
|
Profit Before Tax (Rs. Crores) |
-163.47 |
0.61 |
0.81 |
|
Tax % |
0.00% |
0.00% |
0.00% |
|
Net Profit (Rs. Crores) |
-163.47 |
0.61 |
0.81 |
|
EPS in Rs. |
0.06 |
0.08 |
About VL E-Governance & IT Solutions
VL E-Governance & IT Solutions is a company that focuses on providing technology solutions to help improve governance and public services. They work with government bodies and organizations to create efficient systems that make it easier for people to access services. The company offers various IT services, including software development, digital platforms, and consulting. Their goal is to enhance transparency and efficiency in government operations.
VL E-Governance aims to streamline processes and make life easier for citizens. The company is committed to contributing to the digital transformation of public services in India and beyond.
VL E-Governance & IT Solutions Q2 Results - FAQs
1. What were VL E-Governance & IT Solutions' total revenues for the latest quarter?
VL E-Governance & IT Solutions reported total revenues of ₹7.99 crores for the quarter ending September 30, 2024.
2. How much did VL E-Governance & IT Solutions spend on selling, general, and administrative expenses?
VL E-Governance & IT Solutions had selling, general, and administrative expenses of ₹0.73 crores in the last quarter.
3. What was the net income before taxes for VL E-Governance & IT Solutions?
VL E-Governance & IT Solutions had a net income before taxes of ₹0.81 crores, indicating a positive change from previous quarters.
4. How did VL E-Governance & IT Solutions' operating income change from the last quarter?
VL E-Governance & IT Solutions saw an operating income of ₹0.69 crores, a recovery from a loss of ₹4.43 crores in the last quarter.
5. How much did VL E-Governance & IT Solutions incur in other operating expenses?
VL E-Governance & IT Solutions' other operating expenses amounted to ₹0.20 crores, significantly lower than previous periods.
6. What was the total operating expense for VL E-Governance & IT Solutions?
The total operating expense for VL E-Governance & IT Solutions was ₹7.30 crores in the latest quarter.
7. What was VL E-Governance & IT Solutions' profit before tax in the current period?
VL E-Governance & IT Solutions reported a profit before tax of ₹61.31 lakhs for the quarter ending September 30, 2024.
8. How did VL E-Governance & IT Solutions manage its costs compared to the previous quarter?
VL E-Governance & IT Solutions effectively reduced total expenses to ₹192.88 lakhs from ₹730.12 lakhs in the previous quarter.
9. What was the market capitalization of VL E-Governance & IT Solutions?
The market capitalization of VL E-Governance & IT Solutions is ₹1,822 crores.
10. How much profit did VL E-Governance & IT Solutions achieve in the latest quarter?
VL E-Governance & IT Solutions achieved a profit of ₹61.30 lakhs in the most recent quarter.