Categories AlphaGraphs, Earnings, Technology

Take Solutions Ltd Q1FY24; 70% fall in Revenue

Founded in 2001 as a software services provider, TAKE is currently a technology driven, full service Clinical Research Organization. It helps biopharma companies throughout the drug development process, and beyond. Headquartered in Chennai, India, it has a global footprint spanning the Americas, Europe and the Asia Pacific region.
The co. delivers domain-intensive services in Life Sciences. TAKE is the only full-service technology-driven Clinical Research Organization listed in India. It has 1,70,000 regulatory submissions and submitted 5% of all regulatory submissions to USFDA 2012 to 2020.

Financial Results:

Take Solutions Ltd reported Revenues for Q1FY24 of ₹17.46 Crores down from ₹57.48 Crore year on year, a fall of 69.62%.

Total Expenses for Q1FY24 of ₹22.45 Crores down from ₹66.91 Crores year on year, a fall of 66.45%.

Consolidated Net Profit of -₹5.32 Crores from -₹26.35 Crores in the same quarter of the previous year.

The Earnings per Share is -₹0.36, from -₹1.77 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

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