Xelpmoc Design And Tech Limited — Updates, 13-11-2024: Press Release

Xelpmoc Design and Tech Limited has released its financial results for Q2 and the first half of FY25. The company reported total operating revenue of Rs 16.3 million for Q2FY25, a significant increase from Rs 7.3 million in Q1FY25, although down from Rs 21.1 million in Q2FY24. The adjusted operating EBITDA improved to Rs (10.2) million from Rs (28.0) million in the previous quarter, while also showing a reduction from Rs (36.6) million year-over-year.

The company’s fair value of portfolio investments stands at approximately Rs 572.8 million as of September 30, 2024. CEO Sandipan Chattopadhyay emphasized the commitment to driving revenue growth and profitability through innovation in AI and data science, indicating a robust strategy for future operations. Investors should note the strong quarter-over-quarter growth and improve operating metrics, suggesting a potential rebound, but they should also keep an eye on the year-on-year revenue decline as a potential concern. Overall, there is a ‘positive outlook’ for the company's methodology in navigating current market challenges.