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Varanium Cloud Ltd Q1FY24; 71% rise in Profits

Incorporated in Dec 2017, Varanium Cloud Limited is a technology company focused on providing services surrounding digital audio, video, and financial blockchain (for PayFac) based streaming services.

Financial Results:

Varanium Cloud Ltd reported Revenues for Q1FY24 of ₹171.00 Crores up from ₹52.00 Crore year on year, a rise of 228.85%.

Total Expenses for Q1FY24 of ₹115.00 Crores up from ₹20.00 Crores year on year, a rise of 475.0%.

Consolidated Net Profit of ₹41.00 Crores up 70.83% from ₹24.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹10.12, up 4.87% from ₹9.65 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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