In Thursday’s trading session, the shares of one of the leading IT solutions specialising in providing innovative and cutting-edge technology solutions almost jumped upto 9 percent upon announcement of approving stock split of the existing equity shares of Rs. 10.
Price action
With a market capitalization of 1,149.2 Crores on Thursday, the shares of Ksolves India Ltd jumped upto 11 percent making a high of Rs 1071.35 compared to its previous closing price of Rs 967.65.
What happened
Ksolves India Ltd jumped upto 11 percent after the board of directors of the company are scheduled to meet on Friday, December 20, 2024 to consider and approve the split of the company’s existing equity shares, each with a face value of Rs. 10 which is fully paid-up.
About the company
Ksolves India Ltd is a leading technology solutions provider, specializing in software development, IT consulting and enterprise-level services, catering to clients across various industries such as banking, healthcare, e-commerce and manufacturing, with a strong focus on leveraging cutting-edge technologies like Artificial Intelligence, Machine Learning and cloud computing to drive digital transformation and business efficiency.
The company offers a wide range of services including custom software development, data analytics, enterprise resource planning (ERP) solutions and AI-driven applications, which empower businesses to innovate and stay competitive in a rapidly evolving technological landscape, with its strong market presence, continuous innovation and customer-centric approach.
Revenue Break-up (H1FY25)
Coming to the revenue distribution across its various service offerings, from Odoo services it generated 21.2%, followed closely by Salesforce at 21.1%. Big Data 20.7%, Open Source Technologies accounted for 19.6%, AI/ML services 11.9%.followed by Mobile Apps 3.8%, and QA & Automation 1.7%.
Financials
The company’s revenue rose by 33 percent from Rs 26.08 crore to Rs 34.93 crore in Q2FY24-25. Meanwhile, Net profit grew by 11 percent from Rs 8.23 crores to Rs 9.19 crore during the same period.
Key Financial ratios
Ksolves India Ltd has an impressive Return on Equity (RoE) of 112 percent and a Return on Capital Employed (RoCE) of 147 percent. Furthermore, the company’s debt-to-equity ratio is 0.03.
Written by Sridhar
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