Sagarsoft India Ltd reports rise in Q2FY24 consolidated PAT to Rs. 2.75 crore

Sagarsoft (India) Ltd has reported Consolidated financial results for the period ended September 30, 2023.

Financial Results (Q2 FY2024) - QoQ Comparison

The company has reported total income of Rs. 36.1050 crores during the period ended September 30, 2023 as compared to Rs. 32.8152 crores during the period ended June 30, 2023.

The company has posted net profit / (loss) of Rs. 2.7504 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs. 0.3723 crores for the period ended June 30, 2023.

The company has reported EPS of Rs. 4.30 for the period ended September 30, 2023 as compared to Rs. 0.58 for the period ended June 30, 2023.

Financials	Q2 FY2024	Q1 FY2024	% Change
Total Income	₹ 36.1050 crs	₹32.8152 crs	10.03%
Net Profit	₹2.7504 crs	₹0.3723 crs	638.76%
EPS	₹4.30	₹0.58	641.38%

Financial Results (Q2 FY2024) - YoY Comparison

The company has reported total income of Rs. 36.1050 crores during the period ended September 30, 2023 as compared to Rs.43.9746 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.2.7504 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs.2.6864 crores for the period ended September 30, 2022.

The company has reported EPS of Rs.4.30 for the period ended September 30, 2023 as compared to Rs.4.20 for the period ended September 30, 2022.

Financials	Q2 FY2024	Q2 FY2023	% Change
Total Income	₹ 36.1050 crs	₹43.9746 crs	-17.90%
Net Profit	₹2.7504 crs	₹2.6864 crs	2.38%
EPS	₹4.30	₹4.20	2.38%

Financial Results (Half Year Ended FY2024) - YoY Comparison

The company has reported total income of Rs.68.9202 crores during the 6 Months period ended September 30, 2023 as compared to Rs.85.2590 crores during the 6 Months period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.3.1227 crores for the 6 Months period ended September 30, 2023 as against net profit / (loss) of Rs.4.2538 crores for the 6 Months period ended September 30, 2022.

The company has reported EPS of Rs.4.89 for the 6 Months period ended September 30, 2023 as compared to Rs.6.65 for the 6 Months period ended September 30, 2022.

Financials	Half Year Ended FY2024	Half Year Ended FY2023	% Change
Total Income	₹68.9202 crs	₹85.2590 crs	-19.16%
Net Profit	₹3.1227 crs	₹4.2538 crs	-26.59%
EPS	₹4.89	₹6.65	-26.47%

Shares of Sagarsoft (India) Ltd was last trading in BSE at Rs. 140.15 as compared to the previous close of Rs. 142.50. The total number of shares traded during the day was 611 in over 19 trades.

The stock hit an intraday high of Rs. 144.90 and intraday low of 140.05. The net turnover during the day was Rs. 86247.00.

Source : Equity Bulls

Keywords

SagarsoftIndia Q2FY24 H1FY24 ResultUpdate