Vertoz net profit rises 28 in Q2 FY25

PTI Updated: November 12, 2024 16:28 IST
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Mumbai, November 12, 2024: – Vertoz Limited, an AI-powered MadTech and CloudTech platform, has announced its unaudited financial performance for the second quarter and half year ended September 30th, 2024.

Revenue for the quarter was Rs. 63.65 crore in Q2 FY25, as compared to Rs. 37.66 crore in Q2 FY24, registering a growth of 69%. EBITDA stood at Rs. 6.83 crore in Q2 FY25, as compared to Rs. 6.60 crore in Q2 FY24, growing by 3.5%. PAT stands at Rs. 6.57 crore in Q2 FY25, vis-à-vis Rs. 5.13 crore in Q2 FY24, up by 28%.

Revenue for the half year was Rs. 123.82 crore in H1 FY25, as compared to Rs. 71.57 crore in H1 FY24, registering a growth of 73%. EBITDA stood at Rs. 15.77 crore in H1 FY25, as compared to Rs. 10.53 crore in H1 FY24, growing by 49.8%. PAT stands at Rs. 12.31 crore in H1 FY25, vis-à-vis Rs. 8.67 crore in H1 FY24, up by 42%.

Commenting on the performance, Ashish Shah, Promoter & Director of Vertoz Ltd said, “I am pleased to report that we have closed H1FY25 on a positive note, with the Company performing in line with expectations. Despite macroeconomic headwinds across global economies, Vertoz has continued its growth trajectory.

In H1FY25, our revenue increased by 73% year-on-year to Rs. 124 crores, reflecting robust growth in our business. During H1FY25, our EBITDA grew 50% year-on-year to Rs. 16 crores, while our PAT increased 42% year-on-year to Rs. 12 crores. This performance was primarily driven by new client additions and strategic initiatives that strengthened our capabilities and broadened our offerings.

Overall, we have entered the second half of the fiscal year on a strong footing. I would like to extend my heartfelt gratitude to all our shareholders, employees, and partners for their unwavering support and commitment. Together, I am confident that we will achieve even greater success and innovation.”

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