GSS Infotech Limited — Important, 14-11-2024: Updates

Consolidated revenues for GSS Infotech Limited in Q2 stand at Rs. 33.64 Crores, reflecting a significant decline of 24.75% year-on-year but a positive recovery with a 12.90% quarter-on-quarter growth. EBITDA reached Rs. 1.05 Crores, up 10.45% year-on-year but down 14.09% sequentially, while the EBITDA margin improved to 3.13%. PAT came in at Rs. 0.10 Crores, a notable 44.61% increase from the same quarter last year, despite a slight 2.01% decline from Q1. For the first half, revenues dropped by 27.95% year-on-year to Rs. 63.44 Crores, and PAT fell sharply by 57.25% to Rs. 0.21 Crores.

On the standalone side, Q2 revenues decreased by 26.54% year-on-year to Rs. 2.05 Crores, with a quarter-on-quarter decline of 3.34%. Standalone EBITDA experienced a significant drop of 43.30% year-on-year. Despite these declines, PAT surged 283.19% year-on-year to Rs. 0.18 Crores, attributed to effective cost control measures. Looking ahead, challenges remain from order delays in the US market, but management anticipates improved order flow this quarter, signaling a potential positive outlook for revenue recovery.