Trigyn Technologies Limited — Updates, 13-11-2024: Press Release

For the half-year period ended September 30, 2024, Trigyn Technologies Limited's consolidated revenue stood at ₹31,612.02 Cr, down from ₹45,073.82 Cr during the same period last year. Earnings After Tax dropped to ₹797.68 Cr, compared to ₹2,295.22 Cr in the prior half-year.

In Q2 2024, consolidated revenue was ₹20,780.57 Cr, a decrease from ₹24,293.26 Cr in the previous quarter. Earnings After Tax for the quarter fell significantly to ₹36.30 Cr, down from ₹761.38 Cr in Q1.

On a standalone basis, the company reported revenue of ₹7,090.82 Cr for the half-year, an increase from ₹6,427.45 Cr a year prior, yet recorded a loss of ₹757.66 Cr compared to a loss of ₹283.37 Cr last year. For Q2, standalone revenue was ₹3,423.35 Cr, down from ₹3,667.47 Cr in Q1, with a loss of ₹386.21 Cr, slightly higher than the ₹371.45 Cr loss in the prior quarter.

Investors should note the drop in earnings, indicating potential challenges ahead. Watch closely for strategic moves to bolster future performance.