Xelpmoc Design and Tech Limited announces third quarter results

Xelpmoc Design and Tech Limited (NSE: XELPMOC; BSE: 542367), a professional and technical consulting services company, today announced its third quarter and nine months FY21 results for the period ended December 31st, 2020. 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.

Commenting on the Company's performance for Q3FY21, Mr. Sandipan Chattopadhyay, MD & CEO, Xelpmoc Design and Tech Ltd. said, " Our focus on profitable operations continued in sync with the steady revenue momentum despite the ongoing pandemic. Our portfolio companies have consistently performed well taking advantage of the numerous opportunities which have unfolded recently. We are optimistic that our technological edge and indepth involvement in our portfolio companies will generate long term returns."

Consolidated Q3FY21 review (QoQ%)

- Total operating revenue was Rs 35.3 million as compared to Rs 34.7 million in Q2FY21, reflecting an increase of 1.6% QoQ

- Adjusted Operating EBITDA was Rs 11.5 million as compared to Rs 14.9 million in Q2FY21

- Net profit for the quarter was Rs 10.0 million as compared to Rs 15.6 million in Q2FY21

Consolidated Q3FY21 review (YoY%)

- Total operating revenue was Rs 35.3 million as compared to Rs 21.3 million in Q3FY20, reflecting an increase of 65.6% YoY

- Adjusted Operating EBITDA was Rs 11.5 million as compared to Rs (4.0) million in Q3FY20

- Net profit for the quarter was Rs 10.0 million as compared to net loss of Rs 1.6 million in Q3FY20

Consolidated 9MFY21 review (YoY%)

- Total operating revenue was Rs 105.1 million as compared to Rs 48.5 million in 9MFY20, reflecting an increase of 116.6% YoY

- Adjusted Operating EBITDA was Rs 40.6 million as compared to Rs (32.7) million in 9MFY20

- Net profit for the period was Rs 42.3 million as compared to net loss of Rs 26.4 million in 9MFY20

The fair value of our portfolio investments as on December 31, 2020 stands at approximately Rs 443.0 million.

Shares of Xelpmoc Design and Tech Ltd was last trading in BSE at Rs.311 as compared to the previous close of Rs. 325.9. The total number of shares traded during the day was 10651 in over 1010 trades.

The stock hit an intraday high of Rs. 330.2 and intraday low of 309.65. The net turnover during the day was Rs. 3418729.

Source : Equity Bulls

Keywords