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Hot Pursuit News

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(23 Jan 2024, 15:38)

Allsec Tech bucks trend after strong Q3 outcome

Allsec Technologies surged 5.79% to Rs 704.55 after the company's consolidated net profit rose 55.96% to Rs 11.26 crore on 19.68% increase in net sales to Rs 119.79 crore in Q3 December 2023 over Q3 December 2022.

On a consolidated basis, EBITDA stood at Rs 30.4 crore in Q3 December 2023, up 44.8% year-on-year (YoY) and up 19.7% quarter-on-quarter (QoQ). EBITDA margin was reported at 25.4% Q3FY24, higher than 22.6% in Q2FY24 and 21.0% in Q3FY23.

Operating cash flow (OCF) stood at Rs 33.3 crore in Q3FY24, higher than Rs 17.4 crore in Q2FY24, but lower than Rs 22.1 crore in Q3FY23.

Total expenses rose 13% to Rs 89.38 crore in Q2 FY24 over Q2 FY23. During the quarter, employee benefits expense was at Rs 66.93 crore (up 16% YoY).

The Customer Experience Management (CXM) vertical has seen a significant increase in revenue with a year-on-year rise of 21.0% and a QoQ increase of 8.8%, amounting to Rs 80.7 crore. The international business segment has demonstrated substantial growth, with rev...

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