SecureKloud Technologies Ltd's Q3FY25 Quarter Results
- 15 Feb 2025
Result Summary
- SecureKloud Technologies Ltd reported a 3.1% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a decline of 51.9%.
- Its expenses for the quarter were down by 6.4% QoQ and 49.7% YoY.
- The net profit decreased 17.4% QoQ and decreased 34.2% YoY.
- The earnings per share (EPS) of SecureKloud Technologies Ltd declined at 2.9 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 42.27 | 43.61 | 87.95 | -3.1% | -51.9% |
Total Expenses | 50.80 | 54.25 | 100.91 | -6.4% | -49.7% |
Profit Before Tax | -8.53 | -10.64 | -12.96 | -19.8% | -34.2% |
Tax | 0.32 | 0.09 | 0.50 | 255.6% | -36.0% |
Profit After Tax | -8.85 | -10.72 | -13.46 | -17.4% | -34.2% |
Earnings Per Share | -2.90 | -0.10 | -1.70 | 2800.0% | 70.6% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
SecureKloud Technologies Ltd is a company primarily involved in providing cloud-based technology solutions. The company operates within the technology sector, offering a range of services that include cloud transformation, cybersecurity, and data analytics. As of the latest data, there are no specific recent major developments available for SecureKloud Technologies Ltd. The company continues to focus on leveraging cloud technologies to enhance business efficiencies and security for its clients.
Revenue
In the third quarter of the fiscal year 2025 (Q3FY25), SecureKloud Technologies Ltd reported a total income of ₹42.27 crores. This represents a decrease of 3.1% quarter-over-quarter (QoQ) from ₹43.61 crores in Q2FY25 and a significant year-over-year (YoY) decline of 51.9% from ₹87.95 crores in Q3FY24. The data indicates a downward trend in the company's revenue over these periods, reflecting challenges that might have impacted the company's income generation.
Profitability
During Q3FY25, SecureKloud Technologies Ltd reported a loss before tax of ₹8.53 crores, which marks an improvement compared to the loss before tax of ₹10.64 crores in Q2FY25, showing a 19.8% reduction in losses. When compared to Q3FY24, where the loss was ₹12.96 crores, there is a 34.2% YoY improvement. The tax expense for Q3FY25 was ₹0.32 crores, a notable increase of 255.6% QoQ from ₹0.09 crores in Q2FY25, and a 36.0% decrease YoY from ₹0.50 crores in Q3FY24. Profit after tax in Q3FY25 was a loss of ₹8.85 crores, improving from a loss of ₹10.72 crores in Q2FY25 and from ₹13.46 crores in Q3FY24, indicating a 17.4% QoQ and 34.2% YoY reduction in losses.
Operating Metrics
The earnings per share (EPS) for SecureKloud Technologies Ltd in Q3FY25 was reported at a negative ₹2.90, a significant increase from a negative ₹0.10 in Q2FY25 and a negative ₹1.70 in Q3FY24. This reflects a dramatic QoQ increase of 2800.0% and a 70.6% YoY increase in the negative EPS, indicating a substantial impact on shareholder value. Total expenses in Q3FY25 were ₹50.80 crores, a 6.4% decrease from ₹54.25 crores in Q2FY25, and a 49.7% decrease from ₹100.91 crores in Q3FY24. This reduction in expenses highlights a significant scale-down in costs, which aligns with the observed trends in revenue and profitability metrics.
