AI stock engaged in the business of software development, providing surveillance, custom robots and many more hit a 5 percent upper circuit in the day’s trade posting its Q4FY24 with a 408 percent jump in Net Profits.
With a market capitalization of Rs. 755 Crores, the shares of Kody Technolab Limited hit a 5 percent upper circuit at Rs. 1,184.05 from its previous day’s close price of Rs. 1,127.70.
Its Revenue from Operations half yearly grew by 189 percent from Rs. 5.77 Crores in H1FY24 to Rs. 16.68 Crores in H2FY24 and it grew by 77.82 percent from Rs. 9.38 Crores in H2FY23 to Rs. 16.68 Crores in H2FY24. Annually it generated a revenue of Rs. 10.95 Crores in FY23 to Rs. 22.45 Crores in FY24, indicating a growth of 105 percent.
Its Net profit half yearly grew by 408 percent from Rs. 80.37 Lakhs in H1FY24 to Rs. 4.08 Crores in H2FY24 and it grew by 0.24 percent from Rs. 4.07 Crores in H2FY23 to Rs. 4.08 Crores in H2FY24. Annually it generated a Net Profit of Rs. 2.91 Crores in FY23 to Rs. 4.88 Crores in FY24, indicating a growth of 68 percent.
In Addition, Kody Technolab Limited had recently partnered strategically with Tuneland, The Music Fest, to showcase and provide services through its drones Athena an advanced autonomous surveillance robot, that ensures top-notch security, and Dasher, an autonomous serving robot designed to enhance the attendee experience.
Kody Technolab Limited is engaged in the business of software development services to a diverse set of industries. It offers a wide range of services like custom software development, artificial intelligence implementation and consultation, and many more.
Kody Technolab Limited has recently ventured into the robotics space with its products such as India’s premier surveillance robot Athena, and its custom service robot Dasher.
Written by: Bharath K.S
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