Cybertech Systems & Software Q2 Results Live : Cybertech Systems & Software announced its Q2 results on October 23, 2024, revealing a significant increase in profitability. The company reported a year-over-year profit increase of 84.25%, reflecting strong operational performance amid competitive market conditions.
The topline figures also showed positive growth, with revenue climbing by 4.79% compared to the same quarter last year. On a quarter-over-quarter basis, revenue saw a modest increase of 0.13%, while profit surged by 21.55%, indicating robust business momentum.
Notably, the company's Selling, General & Administrative (SG&A) expenses saw a decrease of 2.36% on a quarter-over-quarter basis but experienced a slight increase of 2.33% year-over-year. This decline in expenses is a positive indicator of improved operational efficiency.
Operating income for the quarter rose by 17.18% sequentially and marked an impressive year-over-year increase of 74.76%. This strong operating performance has contributed to the overall profitability of the company.
Earnings per share (EPS) for Q2 stood at ₹2.87, reflecting a substantial increase of 68.82% compared to the same quarter last year. This increase in EPS is likely to bolster investor confidence and attract new investments.
Despite recent fluctuations, including an -8.57% return over the last week, Cybertech Systems & Software has delivered a commendable 22.73% return over the past six months and a year-to-date return of 3.42%. Currently, the company holds a market capitalization of ₹642.63 Crores, with a 52-week high of ₹293 and a low of ₹129.
Cybertech Systems & Software Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 57.95 | 57.88 | +0.13% | 55.3 | +4.79% |
| Selling/ General/ Admin Expenses Total | 31.12 | 31.87 | -2.36% | 30.41 | +2.33% |
| Depreciation/ Amortization | 1.4 | 1.63 | -14.35% | 1.92 | -26.95% |
| Total Operating Expense | 51.12 | 52.05 | -1.78% | 51.39 | -0.52% |
| Operating Income | 6.83 | 5.83 | +17.18% | 3.91 | +74.76% |
| Net Income Before Taxes | 12.17 | 10.02 | +21.44% | 6.81 | +78.78% |
| Net Income | 8.94 | 7.36 | +21.55% | 4.85 | +84.25% |
| Diluted Normalized EPS | 2.87 | 2.36 | +21.61% | 1.7 | +68.82% |
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