IT stock engaged in the business of providing computer programming, platforms, consultancy, and related services for creating digital markets and marketplaces hit a 5 percent upper circuit following the release of its Q3FY24 results with a 339 percent jump in its net profits.
With a market capitalization of Rs. 2,126.99 Crores, the shares of 63 Moons Technologies Limited hit a 5 percent upper circuit at Rs. 461.60 from its previous day’s close price of Rs. 439.65.
Its revenue from operations grew by 72.50 percent YoY from Rs. 93.13 Crores in Q3FY23 to Rs.160.65 Crores in Q3FY24 and it grew 1.23 percent QoQ from Rs. 158.69 Crores in Q2FY24 to Rs. 160.65 Crores in Q3FY24.
Its Net Profit grew by 339.35 percent YoY from Rs. 20.53 Crores in Q3FY23 to Rs. 90.2 Crores in Q3FY24 and it grew 12.93 percent QoQ from Rs. 79.87 Crores in Q2FY24 to Rs. 90.2 Crores in Q3FY24.
63 Moons Technologies Limited is engaged in the business of providing computer programming, platforms, consultancy, and related services for creating digital markets and marketplaces that enable price discovery and transaction efficiencies across industry segments.
Its business verticals include Brokerage Technology Solutions, Exchange Technology solutions, risk solutions, cyber security solutions, legal tech solutions, and many more.
It has created greenfield financial markets and ecosystem ventures across India, the Middle East, Africa, and Southeast Asia. The innovative exchanges made by the company include Multi Commodity Exchange of India Limited (MCX), Singapore Mercantile Exchange (SMX),
Indian Energy Exchange (IEX), Dubai Gold and Commodities Exchange (DGCX) and Bourse Africa Limited.
Written by: Bharath K.S
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