Kretto Syscon Q2 Results Revenue Reaches ₹5.83 Crores

Kretto Syscon Q2 Results

Kretto Syscon Q2 Results: The Syscon Stock Metrics financial results table shows the company's performance for the quarter ending on September 30, 2024. The total revenue from operations was ₹583.07 lakhs, which is a significant increase from ₹103.44 lakhs in the previous quarter and shows that the company is growing. Additionally, other income added ₹20.45 lakhs, leading to a total income of ₹603.52 lakhs for the quarter.

Kretto Syscon spent ₹61.44 lakhs in total. This includes costs like purchases of stock-in-trade, which were ₹65.12 lakhs, and employee benefits, which were ₹5.36 lakhs. The company also had some changes in inventories that decreased by ₹18.40 lakhs. After accounting for all these expenses, the profit before exceptional items was ₹545.98 lakhs.

Kretto Syscon After subtracting this tax from the profit, the final profit for the period was ₹401.15 lakhs, showing a strong performance compared to ₹50.13 lakhs in the previous quarter.

Here’s a simplified version of the financial results for the quarter ended September 30, 2024:

(Rs. In Lakhs)

Kretto Syscon Stock Metrics

Kretto Syscon is a company with a market capitalization of ₹23.2 crore, indicating its overall value in the stock market. The current price of its shares is ₹1.48, with a high of ₹1.48 and a low of ₹0.66, showing some fluctuation. The stock has a price-to-earnings (P/E) ratio of 4.74, which suggests that it is relatively low-priced compared to its earnings. Its book value stands at ₹1.35, representing the company's net asset value per share. Kretto Syscon does not pay dividends, as indicated by a dividend yield of 0.00%. 

Here's the financial data you provided in a table format:

Quarterly Results 

From March 2024 to September 2024, Kretto Syscon experienced significant growth. In March 2024, sales were zero, and the company faced losses with an operating profit of -0.17 crores, though it did earn some income from other sources. By June 2024, sales increased to 1.03 crores, and operating profit improved to 0.57 crores, showing better performance. The company's operating profit margin (OPM) rose to 55.34%. The real jump happened in September 2024, with sales reaching 5.83 crores, operating profit soaring to 5.22 crores, and a remarkable OPM of 89.54%, indicating strong profitability and recovery. Net profit followed suit, reaching 4.01 crores.

Here's the table with only the data for March 2024, June 2024, and September 2024:

About Kretto Syscon 

Kretto Syscon is a company that focuses on providing various technology and real estate services. They specialize in software development, helping businesses design and implement software solutions tailored to their needs. This includes creating applications for different industries, such as finance and e-commerce, and offering IT support services like HR management and data processing.

In addition to technology, Kretto Syscon is involved in the real estate market. They purchase land and properties to develop residential and commercial buildings. The company aims to generate income by renting out these properties or selling them. Kretto Syscon combines its expertise in technology and real estate to deliver comprehensive solutions to its clients. Their goal is to help businesses thrive through innovative software while contributing to the development of valuable real estate projects.