During Wednesday’s trading session, the shares of a company primarily engaged in the business of SAP Support Services surged by nearly 17 percent to Rs. 23.65 on BSE, after the company reported Q2 FY25 results.
With a market cap of Rs. 128 crores, at 01:52 p.m., the shares of Adroit Infotech Limited were trading in the green at Rs. 22.37, up by nearly 10.6 percent, compared to its previous closing price of Rs. 20.22.
What’s the news:
The fluctuations in the share prices were observed after Adroit Infotech Limited announced the financial results for Q2 FY25, through the latest filings with the stock exchanges on Tuesday post-market hours.
For Q2 FY25, Adroit Infotech reported consolidated revenue from operations of Rs. 7.07 crores, reflecting a marginal growth of around 7 percent QoQ from Rs. 6.6 crores in Q1 FY25, as well as a significant increase of about 70.8 percent YoY from Rs. 4.14 crores in Q2 FY24.
The company’s net profit for Q2 FY25 grew to a profit of Rs. 0.45 crores, marking a substantial turnaround from a loss of Rs. 0.72 crores in Q2 FY24, but a quarter-on-quarter marginal decline of nearly 8.2 percent from Rs. 0.5 crores in Q1 FY25.
Shareholding Pattern:
As per the September 2024 shareholding pattern, the Promoters hold a 39.07 percent stake in the company, while Retail Investors hold a 60.94 percent stake in Adroit Infotech.
Stock Performance:
The stock has delivered positive returns of nearly 45 percent in one year, as well as around 14.2 percent returns in the last six months. So far in 2024, the shares of Adroit Infotech have given positive returns of about 40 percent.
About the company:
Incorporated in 1990, Adroit Infotech Limited is primarily engaged in the business of SAP Support Services helping organisations to reduce costs and improve effectiveness and efficiency through internal process improvements using SAP products and solutions.
Written by Shivani Singh
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