📝 Varanium Cloud — results explained
Quarter ended December 2023 (Q3 FY24)
Varanium Cloud reported revenue of ₹395 crore for the quarter ended December 2023 (Q3 FY24), up 262.4% from ₹109 crore in the same quarter last year, and up 90.8% sequentially over the September 2023 quarter.
Net profit rose 193.3% year-on-year to ₹88 crore, from ₹30 crore. Earnings per share (EPS) came in at ₹19.84.
Operating profit stood at ₹114 crore — an operating margin (OPM) of 28.9%, compared with 36.7% in the year-ago quarter.
Valuation snapshot
At the current price of ₹5.85, CLOUD has a market capitalisation of ₹24 crore.
Within the Computers - Software - Medium / Small industry, it is the 25th-largest of the 126 companies we track by market value.
Shareholding pattern
As of Dec 2023, promoters held 36.38%, foreign institutional investors (FIIs) 0.11%, public shareholders 63.51% of Varanium Cloud.
Promoter holding slipped from 63.19% to 36.38% over the latest period.