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GSS Infotech Ltd Q1FY24; 93% fall in Profits

Founded in 1999, GSS Infotech Ltd is a provider of Information Technology services and solutions to small, medium and large business, government, Telecom, Cloud and healthcare customers across The offerings range from software services to managed infra and IT solutions such as mobility, security, data centre optimization, cloud computing, virtualization and collaboration. It has offices in Connecticut, New Jersey and Hyderabad .


Financial Results:

  • GSS Infotech Ltd reported Revenues for Q1FY24 of ₹20.67 Crores down from ₹32.76 Crore year on year, a fall of 36.9%.
  • Total Expenses for Q1FY24 of ₹19.81 Crores down from ₹29.03 Crores year on year, a fall of 31.76%.
  • Consolidated Net Profit of ₹0.37 Crores down 92.69% from ₹5.06 Crores in the same quarter of the previous year.
  • The Earnings per Share is ₹0.22, down 92.64% from ₹2.99 in the same quarter of the previous year.
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