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New Delhi: Blue Cloud Softech Solutions, a Hyderabad-based small-cap IT company, has reported impressive growth in its net profit for the second quarter of the financial year (Q2 FY2025). The company’s consolidated net profit increased by more than three times, rising to Rs 11.34 crore from Rs 2.62 crore in the same quarter last year. This surge in profit is largely attributed to a significant jump in revenue.
For the September quarter, Blue Cloud Softech’s revenue from operations saw a remarkable growth of over 200 per cent, reaching Rs 235.27 crore, compared to Rs 86.8 crore in the same period last year.
Blue Cloud Softech Solutions: Stock Split
In addition to the strong financial results, the company has announced a stock split. The Board of Directors has approved a proposal to split the face value of its equity shares in a 2:1 ratio. This means each existing share with a face value of Rs 2 will be split into two shares with a face value of Re 1. The stock split is expected to make the shares more affordable for retail investors.
Blue Cloud Softech Solutions Stock Split: Record Date
The company has yet to announce the record date to determine which shareholders will be eligible for the stock split.
Blue Cloud Softech’s stock has performed exceptionally well in recent months. The company’s stock has gained 59 per cent in the past six months and has delivered a remarkable 136 per cent return so far this year. Over the past two years, the stock has surged by 823 per cent, and over three years, it has risen by 1,035 per cent.
Blue Cloud Softech Solutions: Market Value
Blue Cloud Softech Solutions, a software development firm, now has a market capitalization of Rs 2,996.16 crore, as per the Bombay Stock Exchange (BSE).
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. Times Now Digital suggests its readers/audience to consult their financial advisors before making any money-related decisions.)