IT stock engaged in the designing, and developing computer software and providing data processing services, and many more jumped upto 4 percent in the day’s trade following the announcement for a split of equity shares in the ratio of 1:2.
Price Action
With a market capitalization of Rs. 3,559 Crores, the shares of Blue Cloud Softech Solutions Limited were trading at Rs. 163.15 per equity share, down 0.91 percent from its previous day’s close price of Rs. 164.65.
What Happened
The Board of Directors of Blue Cloud Softech Solutions Limited have considered and approved the sub-division/split of equity shares of the company in the ratio of 1:2 where one equity share with a face value of Rs. 2 will be divided into two equity shares with a face value of Rs. 1, as on the record date.
About the Company
Blue Cloud Softech Solutions Limited is engaged in the designing, and developing computer software and providing data processing services of all kinds including computer consultancy service, system analysis, programming, and computer maintenance.
Recent work orders
Blue Cloud Softech Solutions Limited received a work order from Vidyavikas Education Group, to deploy its flagship AI product offerings, such as ‘Emotifics’ and ‘Edugenie’, in Vidyavikas College and Schools for a consideration of Rs. 3.70 Crores.
Another work order was received from Rachana Grammar High School to deploy its flagship AI product offerings such as ‘Emotifics’ and ‘Edugenie’ to implement Digital Transformation at Rachana Grammar High School, for a consideration of Rs. 86 lakhs.
Emotifics is an innovative ‘Emotion AI’ analytics solution that tracks human emotions using advanced computer vision technology to enhance student performance, staff productivity, and students’ mental health.
Edugenie is a comprehensive platform for educational needs, featuring ERP, CRM, LMS, and assessment tools, all powered by AI technology.
Financials & Ratios
Its Revenue from operations grew by 209 percent YoY from Rs. 34.49 Crores in Q1FY24 to Rs. 106.47 Crores in Q1FY25, accompanied by profits of Rs. 81 Lakhs to Rs. 7.74 Crores.
In terms of return ratios, it has reported a return on equity (ROE) of 20.73 percent and a return on capital employed (ROCE) of 18.93 percent. In terms of liquidity ratio, it has maintained a debt-to-equity ratio of 0.83.
Written by: Bharath K.S
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