Xelpmoc Design and Tech Limited announces Q4, FY2020 results

Xelpmoc Design and Tech Limited (NSE: XELPMOC; BSE: 542367), a professional and technical consulting services company, today announced its fourth quarter and financial year FY20 results for the period ended March 31st, 2020. Xelpmoc is largely focused on innovation and engaged in building the next generation of technology in Data Science, Artificial Intelligence (AI) and Machine Learning (ML) space.

Commenting on the Company's performance for Q4FY20, Mr. Sandipan Chattopadhyay, MD & CEO, Xelpmoc Design and Tech Ltd. said, "We ended the fourth quarter of 2020 with a strong financial performance and achieved our stated ambition of turning breakeven by the end of this fiscal. The revenues witnessed a growth of 53% and EBITDA margin was at 17% for the quarter lead by implementation phase of clients onboarded over the last two quarters. Our plans of onboarding early stage start-ups continues in full swing and we added one new venture this quarter in the area of Education. We are confident that the rich pipeline of our clients will deliver immense shareholder value in the longer term."

Consolidated Q4 FY20 review (QoQ%)

- Total operating revenue was Rs 32.6 million as compared to Rs 21.3 million in Q3FY20, reflecting an increase of 52.9% QoQ
- EBITDA was Rs 5.4 million as compared to Rs (4.0) million in Q3FY20
- Net profit for the quarter was Rs 4.7 million as compared to net loss of Rs 1.6 million in Q3FY20

Consolidated FY20 review (YoY%)

-Total operating revenue was Rs 81.1 million as compared to Rs 60.9 million in FY19, reflecting an increase of 33.2% YoY
- EBITDA was Rs (27.3) million as compared to Rs (49.8) million in FY19
- Net loss was Rs 21.7 million as compared to net loss of Rs 49.8 million in FY19

The fair value of our investments in our clients as on March 31, 2020 stands at approximately Rs. 350 million.

Shares of Xelpmoc Design and Tech Ltd was last trading in BSE at Rs.49.05 as compared to the previous close of Rs. 48.05. The total number of shares traded during the day was 28 in over 4 trades.

The stock hit an intraday high of Rs. 52 and intraday low of 49. The net turnover during the day was Rs. 1378.

Source : Equity Bulls

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