A leading IT services provider, renowned for its innovative tech solutions and digital transformation expertise, has achieved remarkable financial milestones in its latest quarterly report. The company has posted an extraordinary, staggering 4,050% increase in profits YoY, marking a transformative period in its growth trajectory.
Share Price Movement
The share price of Vama Industries Limited hit a 20 percent upper circuit of Rs. 9.55 per share on Monday, an increase from its previous close of Rs. 7.96 per share. The market capitalisation now stands at approximately Rs. 26.41 crore as of February 10, 2025.
Financial Highlights
In Q3FY25, the company reported a revenue of Rs. 55.42 crore, a significant increase from Rs. 1.89 crore in Q3FY24 with a 2,833% YoY growth and Rs. 3.21 crore in Q2FY25 with a 1,627% QoQ growth.
Net profit stood at Rs. 0.83 crore in Q3FY25, surging from Rs. 0.02 crore in Q3FY24 with a 4,050% YoY growth and Rs. 0.08 crore in Q2FY25 with a 938% QoQ growth, reflecting strong operational performance and revenue expansion.
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Competitors
Vama Industries competitors include Affle India, AION-TECH, Allied Digital, Alphalogic Techsys Ltd., and ROX Hi-Tech Ltd., with varying market performance and fundamental strengths.
Market Outlook
India’s IT & BPM industry is thriving, driven by a strong global presence and diverse verticals like BFSI, telecom, and retail. Strategic alliances between domestic and international players enhance global delivery capabilities. The sector is set to double its revenue to $500 billion by 2030, supported by a skilled workforce and a high digital competitiveness score. Government policies, including a $13.98 billion budget for IT and telecom, focus on cybersecurity, AI, and blockchain, further strengthening India’s competitive edge.
Written By Fazal Ul Vahab C H
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