Trigyn Technologies Ltd's Q3FY25 Quarter Results
- 06 Feb 2025
Result Summary
- Trigyn Technologies Ltd reported a 0.7% 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 31.7%.
- Its expenses for the quarter were up by 1.5% QoQ and down 35.8% YoY.
- The net profit increased 241.7% QoQ and decreased 105.6% YoY.
- The earnings per share (EPS) of Trigyn Technologies Ltd stood at 0.4 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 211.18 | 212.64 | 309.33 | -0.7% | -31.7% |
Total Expenses | 208.73 | 205.65 | 325.30 | 1.5% | -35.8% |
Profit Before Tax | 2.45 | 5.80 | -15.98 | -57.8% | -115.3% |
Tax | 1.22 | 5.44 | 6.04 | -77.6% | -79.8% |
Profit After Tax | 1.23 | 0.36 | -22.02 | 241.7% | -105.6% |
Earnings Per Share | 0.40 | 0.10 | -7.20 | 300.0% | -105.6% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Trigyn Technologies Ltd is a publicly traded company known for its IT services and solutions. The company primarily operates in the technology sector, offering a wide range of services including software development, IT infrastructure management, and consulting services. As a player in the ever-evolving tech industry, Trigyn Technologies has positioned itself to cater to diverse market needs. The company has a global presence, providing services to a broad spectrum of clients, including government agencies and multinational corporations. While specific recent developments for Trigyn Technologies are not available, the industry it operates in is characterized by rapid technological advancements and a strong focus on digital transformation.
Revenue
In the third quarter of the fiscal year 2025 (Q3FY25), Trigyn Technologies Ltd reported a total income of ₹211.18 crores. This figure represents a slight decrease of 0.7% from the previous quarter (Q2FY25), where the company posted a total income of ₹212.64 crores. When compared to the same quarter in the previous year (Q3FY24), there is a noticeable decline of 31.7%, with total income previously recorded at ₹309.33 crores. These figures highlight the revenue trajectory over both the short and long term, reflecting the company's income performance amidst market conditions.
Profitability
For Q3FY25, Trigyn Technologies Ltd reported a profit before tax of ₹2.45 crores, which marks a significant decrease of 57.8% from the preceding quarter's profit before tax of ₹5.80 crores. However, this represents a turnaround from a loss of ₹15.98 crores recorded in Q3FY24. The company’s tax expense for Q3FY25 was ₹1.22 crores, showing a substantial reduction of 77.6% from Q2FY25 and a 79.8% decrease year-over-year. The profit after tax for Q3FY25 stood at ₹1.23 crores, a significant improvement over the previous quarter's ₹0.36 crores and a notable recovery from a loss of ₹22.02 crores in Q3FY24. Earnings per share also rose to ₹0.40 in Q3FY25 from ₹0.10 in Q2FY25, contrasting with a negative value of ₹-7.20 in Q3FY24.
Operating Metrics
The total expenses for Trigyn Technologies Ltd in Q3FY25 were ₹208.73 crores, reflecting a 1.5% increase from ₹205.65 crores in Q2FY25. Compared to Q3FY24, where expenses were ₹325.30 crores, there is a significant year-over-year reduction of 35.8%. The decrease in expenses relative to the previous year may indicate changes in operational costs or efficiency measures. This quarter's earnings per share (EPS) of ₹0.40, compared to the previous quarter's ₹0.10 and last year's negative EPS, highlights a notable improvement in shareholder value metrics. This shift in EPS indicates a significant change in the company's earnings distribution per share over time.
