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IT stock jumps 5% after it reports strong Q3 results and sets record date for 1:2 stock split

Indian IT company announced a 1:2 stock split for February 6, 2025. It reported Q3FY24 revenue growth of 32.7% YoY, with a 15.44% YoY increase in net profit.
IT stock jumps 5% after it reports strong Q3 results and sets record date for 1:2 stock split
IT stock jumps 5% after it reports strong Q3 results and sets record date for 1:2 stock split

Introduction:

Indian IT company has announced a 1:2 stock face value split, set for February 6, 2025. The company reported strong Q3FY24 financials, with revenue growing 32.7% YoY and net profit rising 15.44% YoY.

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Also read: Railway stocks with PEG ratio lesss than 1 to keep an eye on

Share price movement of Ksolves India:

On January 20, 2025, Ksolves India Ltd opened at ₹1,028.15, up 6.32% from its previous close of ₹967.05. The stock reached a high of ₹1,074.00 and a low of ₹996.00. By 10:36 AM, it traded at ₹1,007.15, a 4.15% increase, with a market cap of ₹1,194.08 crore.

Ksolves India Announces Stock Split, Reports Q3 Growth:

Ksolves India has announced a 1:2 stock face value split, converting each ₹10 equity share into two ₹5 shares. The record date for the split has been set for February 6, 2025, providing shareholders with increased liquidity.

The IT company reported a strong financial performance, with Q3FY24 revenue growing 32.7% YoY to ₹37.70 crore. Profit After Tax (PAT) rose 15.5% YoY and 12.3% QoQ, reflecting the company’s consistent growth in both revenue and profitability.

Ksolves India’s net profit for Q3FY24 surged 15.44% YoY to ₹10.32 crore, compared to ₹8.94 crore in Q3FY23. The company is debt-free, with growth funded by internal accruals, demonstrating a robust financial position.

Stock performance of Ksolves India for Period of 1 week, 6 months and 1 year:

Ksolves India Ltd has shown a 5.54% return over the past week. However, its performance over the last six months and one year has been negative, with returns of -11.8% and -26.6%, respectively.

Also read: Recycling stock in which Mukul Agrawal bought 10% fresh stake in Q3; Do you own it?

Shareholding pattern of Ksolves India:

All values in %Sep 2024Jun 2024Mar 2024
Promoter58.90%58.90%58.90%
FII0.90%1.60%1.90%
DII0.10%0.10%0.10%
Public40.10%39%39%
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About Ksolves India:

Ksolves India Ltd (NSE: KSOLVES), founded in 2014, provides software development, enterprise solutions, and IT consulting. It serves industries like Real Estate, E-commerce, Finance, and Healthcare, with expertise in Big Data, AI, Machine Learning, and more.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.

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सरकार द्वारा एथेनॉल डिस्टिलरीज के लिए चावल की कीमत कम करने के बाद एथेनॉल स्टॉक 18% उछला।

एथेनॉल स्टॉक में 18% बढ़त, सरकार द्वारा एथेनॉल डिस्टिलरीज को चावल की आपूर्ति की कीमत कम करने के बाद ।

सरकार ने एथेनॉल डिस्टिलरीज के लिए चावल की कीमत ₹28 प्रति किलो से घटाकर ₹22.50 प्रति किलो कर दी है।

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