Capricorn Systems Global Solutions Q1 Results Decline Revenue at ₹0.24 Crores & Net Loss of ₹0.42 Crores

Capricorn Systems Global Solutions Q1 Results

Capricorn Systems Global Solutions Q1 Results: Capricorn Systems Global Solutions has shared its financial results for the quarter ending on June 30, 2024. During this period, the company made ₹24.323 lakhs from sales and other income. This is an increase compared to the previous quarter, where they earned ₹23.223 lakhs. However, when looking at the same quarter last year, their earnings were lower at ₹13.326 lakhs, showing growth in sales.

Despite this increase in revenue, Capricorn Systems Global Solutions faced high expenses totaling ₹66.030 lakhs. Most of these costs came from employee salaries, which were ₹18.693 lakhs, and other expenses, which significantly increased to ₹47.327 lakhs. This rise in expenses led to a loss of ₹41.707 lakhs before taxes.

Capricorn Systems Global Solutions reported no extraordinary items during this period. After considering tax expenses, the net loss remained at ₹41.707 lakhs. Additionally, their earnings per share (EPS) showed a loss of ₹1.044 for this quarter, compared to a small profit in the previous quarter. Overall, while there was an increase in revenue, the company's expenses were much higher, leading to significant losses. This indicates that Capricorn Systems Global Solutions is still facing financial challenges.

Here’s the financial results data:

(₹ in Lakhs)

Source: Here 

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Capricorn Systems Global Solutions Stock Metrics

Capricorn Systems Global Solutions is a company with a market capitalization of ₹5.72 crore, meaning this is the total value of all its shares. The current stock price is ₹14.3, with a high of ₹17.4 and a low of ₹8.74 over a certain period. The book value per share is ₹9.21, indicating the net asset value per share. The company does not pay dividends, as shown by a 0.00% dividend yield. Return on Capital Employed (ROCE) and Return on Equity (ROE) are both negative at -3.99%, which suggests the company is not generating profits effectively from its investments. 

Here’s the information you provided presented in a clear table format:

Quarterly Results 

In the quarterly results for Capricorn Systems Global Solutions for December 2023, March 2024, and June 2024, the company faced challenges. In December 2023, it had sales of Rs. 0.25 crores but reported a loss of Rs. 0.09 crores in operating profit. The operating profit margin (OPM) was -36.00%, showing that expenses were higher than sales. By March 2024, sales slightly decreased to Rs. 0.23 crores, and the company broke even with no operating profit. 

Here is the table with the data for December 2023, March 2024, and June 2024:

(Figures in Rs. Crores)

About Capricorn Systems Global Solutions

Capricorn Systems Global Solutions is a growing IT company based in Hyderabad, India, located at the Software Technology Park (STP). We focus on creating software solutions that use advanced Internet technologies and Client/Server technology. Our work also includes helping businesses move their systems to new platforms and improving existing ones. We are connected with Capricorn Systems Inc. in Atlanta, USA, which is known for being one of the fastest-growing private companies in the United States. 

Our goal is to provide high-quality and cost-effective services to clients all over the world. We believe in putting our customers first and using the latest technology to meet their needs. Additionally, we aim to create a positive work environment where our employees can grow and learn. At Capricorn Systems, we strive for excellence in everything we do, ensuring our clients receive the best solutions possible.