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Xelpmoc Design and Tech Limited announces loss in Q2

Posted On: 2019-11-07 22:55:40

Xelpmoc Design and Tech Limited (NSE: XELPMOC; BSE: 542367),a professional and technical consulting servicescompany, today announced its second quarter and half year results for the period ended September 30 th, 2019.Xelpmoc is largely focused on an innovation and engaged in building the next generation of technology in Data Science, Artificial Intelligence (AI) and Machine Learning (ML) space.

Consolidated Q2FY20 review (QoQ%)

- Total Operating revenue was Rs.15.1 million as compared to Rs.12.1million during Q1FY20, reflecting anincrease of 25% QoQ

- EBITDA was Rs (13.2) million as compared to Rs (15.6) million in Q1FY20

- Net loss for the quarter was Rs 10.9 million as compared to net loss of Rs 13.9 million in Q1FY20

Commenting on the Company's performance for Q2FY20, Mr. Sandipan Chattopadhyay, MD & CEO, Xelpmoc Design and Tech Ltd. said,"We have demonstrated a resilient growth in the revenues in this quarter when compared to last quarter which reinstates the belief of the founders and management in our business model. Going forward, we will continue to work on our strategy of onboarding early stage start-ups in high growth sectors which we believe will continue to add tremendous value to Xelpmoc in the future. We continue to execute our growth-oriented business plan and enhance our partner ecosystem through the most advanced technology in the space of Data Science, AI and ML."

Shares of Xelpmoc Design and Tech Ltd was last trading in BSE at Rs.70 as compared to the previous close of Rs. 72. The total number of shares traded during the day was 282 in over 46 trades.

The stock hit an intraday high of Rs. 70 and intraday low of 70. The net turnover during the day was Rs. 19740.


Source: Equity Bulls

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