Sigma Solve Q1 Results Revenue Down 43.21% QoQ & 1.77% YoY

Sigma Solve Q1 Results: Sigma Solve made 16.00 crores in total revenue in Q1 of 2024. This is a decrease of 43.21% from the previous quarter, where they earned 28.15 crores. Compared to the same quarter last year, the revenue was almost the same, down by 1.77%.

Sigma Solve expenses on selling, general, and administrative costs were 7.28 crores, which is 24.31% less than last quarter’s 9.62 crores, and 3.96% less compared to last year’s 7.58 crores. Depreciation and amortization costs increased significantly by 21.43% from the previous quarter and 113.72% from last year.

Sigma Solve’s other operating expenses dropped 64.79% from the last quarter and 27.26% from the same quarter last year. Overall, their total operating expenses were 11.52 crores, down by 27.73% from last quarter but up by 8.26% from last year.

Sigma Solve’s operating income was 4.48 crores, a decrease of 63.35% from the previous quarter and 20.67% from last year. Net income before taxes was 5.14 crores, down 61.03% from the last quarter and 24.84% from last year. Net income was 3.93 crores, 19.69% less than last quarter but 11.59% more than last year. The diluted normalized earnings per share (EPS) was 3.82, which is a significant increase of 478.79% from the previous quarter but a 9.14% increase from last year.

Here's the quarterly financial summary for Sigma Solve for Q1:

Sigma Solve Q1 Results

For the quarter ending June 30, 2024, Sigma Solve earned a total income of ₹833.80 million. This income includes ₹791.25 million from its main business operations and ₹42.55 million from other sources. In comparison, for the previous quarter ending March 31, 2024, the total income was lower at ₹619.84 million, with ₹593.43 million from operations and ₹26.41 million from other sources. Over the entire year ending March 31, 2024, the total income was ₹2,866.86 million.

Sigma Solve's expenses for the quarter were ₹494.56 million, including costs like employee benefits and depreciation, which are not fully detailed here. Compared to the previous quarter’s expenses of ₹433.42 million and the full year's expenses of ₹1,867.55 million, the recent quarter saw an increase.

Sigma Solve made a profit before accounting for exceptional items and taxes of ₹617.94 million in the latest quarter. Exceptional items, which are special or unusual costs, amounted to ₹215.86 million this quarter, impacting the total profit before tax to ₹215.86 million. After deducting taxes, the net profit for the quarter was ₹163.47 million. 

Sigma Solve’s total comprehensive income, including other factors like changes in value not shown in profit, was ₹0.77 million. The company's paid-up equity share capital was ₹164.24 million, and the earnings per share were ₹1.59 for the quarter. This summary shows the company's financial health, including its earnings, expenses, and profitability over different periods.

Here's a simplified breakdown of the financial results:

Sigma Solve Stock Metrics

The Sigma Solve table provides a snapshot of a company's financial health and performance. The Market Cap (₹415 Crore) shows the company's total market value. The Current Price (₹402) is the price of one share. High / Low indicates the highest (₹579) and lowest (₹330) prices over a period. Stock P/E (25.2) tells us how much investors are willing to pay for each unit of earnings. 

Here’s the information in table format:

Quarterly Results 

The Sigma Solve table shows the company's financial performance over different quarters. It includes key numbers like Sales, Expenses, Operating Profit, and Net Profit for specific months. For example, in December 2023, the company made Rs. 16.24 crores in Sales but spent Rs. 10.32 crores on expenses, leaving an Operating Profit of Rs. 5.92 crores. 

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

About Sigma Solve

Sigma Solve is a company that focuses on creating digital solutions to help businesses grow. We offer a wide range of services, including developing eCommerce websites, building web and mobile apps, and providing cloud solutions and DevOps support. But we don't stop there. We also specialize in data analytics to help businesses understand their information better, ensure security to protect data, and use the latest blockchain technology for secure transactions.

Sigma Solve’s over 15 years of experience, we have successfully completed many projects for different types of businesses. Our goal is to help companies modernize their operations and improve their growth through our custom solutions.

We work with a variety of industries, including logistics, finance, retail, healthcare, education, real estate, food and beverages, manufacturing, human resources, and media. At Sigma Solve, we are known for our scalability, expertise, transparency, and flexibility. We ensure our solutions can grow with your business, rely on our skilled team to meet your needs, communicate openly throughout the project, and adapt our services to fit your specific requirements.