This Newly listed stock, which is in the business of offering products for babies, mothers, and kids through its FirstCry online platform was up by 10 percent after the company reported a reduction in net losses year on year.
Price Movement
In Monday’s trading session, Brainbees Solutions Limited stock was up by 10 percent in the day’s trade after the company reported a reduction in net losses year on year. The stock has delivered a negative return of around 18 percent from the listing day this year and it has underperformed the Nifty Index in the same period. The stock touched a day’s high of Rs. 573 which is 10.3 percent higher than the previous close price of Rs. 519.10. The stock has performed has reiterated from the day’s high and currently trading at Rs. 569.05 which is 9.62 percent.
What happened
Such a bullish movement in the scrip price was a result of an earnings update released by the company. The company posted a significant improvement in net losses and a jump in revenue in Q2FY25.
According to its recent filing, Q2FY25, Brainbees Solutions Ltd reported a 26.4 percent increase in revenue to Rs.1,905 crore in Q2FY25, compared to Rs.1,507 crore in Q2FY24. Furthermore, quarterly, the company saw an increase of 15.31 percent in revenue from Rs.1,652 crore in Q1FY25.
In the same period, the company reported a significant decrease in net losses to Rs.63 crore in Q2FY25, up from Rs.119 crore in Q2FY24 and a decrease from a loss of Rs.76 crore in Q1FY25. The company has a current ratio of 2.23 and a debt-to-equity ratio of 0.33.
Shareholding Pattern
As of September 2024, the shareholding pattern there is no promoters holding in Brainbees Solutions, Foreign Institutional Investors (FII) holding around 9.07 percent, Domestic Institutional investors (DII) standing at 16.83 percent, and public holdings standing at 66.30 percent and others around 7.80 percent.
Revenue Segment
According to the company’s September 2024 report, they considered revenue from India multi-channel which contributes around 66.33 percent, International business accounts for 10.78 percent, Globalbees account for 22.41 percent, and the remaining 0.47 percent from others. Globalbees saw a huge leap in revenues compared to other segments.
About the company
Brainbees Solutions Limited is a technology-driven company that specializes in providing innovative digital solutions for the education sector. Their business model focuses on developing educational software and platforms that improve learning experiences for students and educators.
By leveraging advanced technologies such as artificial intelligence and data analytics, Brainbees aims to create personalized learning environments and improve educational outcomes. The company also collaborates with schools and institutions to implement its solutions, ensuring accessibility and engagement in the learning process while promoting digital literacy. The company’s GMV was Rs. 2,528 crores and its Average Order value was Rs. 2,530 as of Q2FY25.
Written by Santhosh S
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