Xchanging Solutions Q1 results : profit at ₹10.63Cr, Revenue decreased by 0.36% YoY

Xchanging Solutions Q1 Results Live : Xchanging Solutions Q1 Results Live: Xchanging Solutions declared their Q1 results on 09 Aug, 2024. The topline decreased by 0.36% and the profit came in at ₹10.63 crore. It is noteworthy that Xchanging Solutions had declared a loss of ₹8.97 crore in the previous fiscal year's same period. As compared to the previous quarter, the revenue declined by 0.9%.

The Selling, general and administrative expenses declined by 4.85% quarter-over-quarter and increased by 4.37% year-over-year. This indicates a tightening of operational costs in the short term but an increase when viewed on an annual basis.

The operating income was up by 8.11% quarter-over-quarter but decreased by 23.81% year-over-year. This mixed result suggests that while the company has improved its operational efficiency in the short term, it is still facing challenges on a yearly scale.

The Earnings Per Share (EPS) is ₹0.95 for Q1, which increased by a significant 217.28% year-over-year. This considerable rise in EPS indicates a better profitability scenario for the company.

Xchanging Solutions has delivered a -7.33% return in the last 1 week, a -8.9% return in the last 6 months, and a 16.38% year-to-date return. These returns show a volatile performance in the short term but a positive trend over the year.

Currently, Xchanging Solutions has a market cap of ₹1373.83 crore and a 52-week high/low of ₹173.58 and ₹79.66, respectively. This positions the company with a significant market presence but also highlights the volatility in its stock price.