Yudiz Solutions reported a net profit of INR 1.33 Cr in H1 FY24. However, it posted a loss of INR 4.2 Cr in H2
Operating revenue declined to INR 10.3 Cr in H2 FY24 from INR 15.9 Cr in H1 FY24. It also plunged 37.2% on a year-on-year basis
Yudiz had posted a net profit of INR 2.7 Cr in FY23 on an operating revenue of INR 27.3 Cr
Listed blockchain and IT development company Yudiz Solutions slipped into the red in the financial year 2023-24 (FY24) with a net loss of INR 2.9 Cr, hurt by a slump in its revenue in the second half (H2) of the fiscal year and a sharp surge in employee cost.
Yudiz had posted a net profit of INR 2.7 Cr in FY23 on an operating revenue of INR 27.3 Cr. The company’s operating revenue fell over 4% year-on-year (YoY) to INR 26.1 Cr in FY23.
It is pertinent to note that the company had reported a net profit of INR 1.33 Cr in H1 FY24. However, it posted a loss of INR 4.2 Cr in H2.
Meanwhile, Yudiz’s operating revenue also declined to INR 10.3 Cr in…