Hyderabad, January 27, 2025 — Virinchi Limited (BSE: 532372, NSE: VIRINCHI) has reported strong financial performance for the quarter and nine months ending December 31, 2024. The company witnessed a substantial increase in both standalone and consolidated revenues, driven by solid contributions from its SaaS, IT Services, and Healthcare divisions.
Key Financial Highlights (Standalone)
(Figures in ₹ Lakhs)| Particulars | Q3 FY25 | Q3 FY24 | 9M FY25 | 9M FY24 |
|---|---|---|---|---|
| Revenue from Operations | 3,592.89 | 2,985.15 | 10,269.50 | 9,405.95 |
| Other Income | 427.69 | 397.27 | 1,257.94 | 793.48 |
| Total Income | 4,020.58 | 3,382.42 | 11,527.44 | 10,199.43 |
| Employee Costs | 1,271.38 | 1,017.69 | 3,814.53 | 3,398.76 |
| Finance Cost | 351.73 | 325.66 | 981.88 | 838.33 |
| Profit Before Tax (PBT) | 609.70 | 311.68 | 1,717.66 | 691.88 |
| Net Profit After Tax (PAT) | 331.79 | 249.81 | 1,433.05 | 626.09 |
Key Financial Highlights (Consolidated)
(Figures in ₹ Lakhs)| Particulars | Q3 FY25 | Q3 FY24 | 9M FY25 | 9M FY24 |
|---|---|---|---|---|
| Revenue from Operations | 8,240.31 | 7,256.15 | 23,218.99 | 22,536.97 |
| Other Income | 9.66 | 37.82 | 89.21 | 111.39 |
| Total Income | 8,249.96 | 7,293.97 | 23,308.20 | 22,648.37 |
| Employee Costs | 2,383.57 | 2,222.39 | 7,262.71 | 7,191.63 |
| Finance Cost | 937.77 | 1,061.77 | 2,874.00 | 3,163.72 |
| Profit Before Tax (PBT) | 172.72 | 517.64 | 921.70 | 1,743.97 |
| Net Profit After Tax (PAT) | 371.04 | 555.25 | 1,292.59 | 1,160.32 |
Segment-Wise Performance (Standalone & Consolidated)
Standalone
- SaaS Business remained the primary revenue driver with ₹3,444.53 lakh in Q3 FY25, up from ₹2,864.58 lakh in Q3 FY24.
- IT Enabled Services generated ₹148.36 lakh in Q3 FY25, compared to ₹120.56 lakh in Q3 FY24.
Consolidated
- IDC & IT Services reported a significant increase in revenue at ₹2,141.56 lakh in Q3 FY25, compared to ₹1,232.12 lakh in Q3 FY24.
- Healthcare Services recorded ₹2,505.86 lakh in Q3 FY25, a slight dip from ₹2,961.38 lakh in Q3 FY24.
- Payment & Credit Services reported negligible revenue at ₹0.00 lakh, compared to ₹77.49 lakh in Q3 FY24.
Corporate Announcements
- Fundraising Initiative: The company has engaged a consultant to explore fundraising options through equity issuance or other convertible securities.
- Stock Option Plan: Virinchi allotted 6,17,870 equity shares under its Employee Stock Option Schemes (ESOP) 2016 and 2022.
Management Commentary
M.V. Srinivasa Rao, Whole Time Director & CFO, stated: "We have witnessed robust growth in our SaaS and IT Services businesses, while our healthcare segment is stabilizing post-pandemic fluctuations. Our strategic plans for fundraising will further accelerate expansion in high-growth verticals."Strategic Outlook
- SaaS and Fintech Expansion: The company aims to enhance its foothold in U.S. fintech markets while strengthening its domestic healthcare and IT segments.
- Operational Efficiency: Efforts to control costs and optimize resource allocation continue to be a focus.
- Investor Sentiment: The upcoming fundraising efforts are expected to bolster liquidity and future expansion.
Conclusion
Virinchi Limited has delivered a strong performance in Q3 FY25, with notable revenue growth in core business segments. The strategic fundraising plans and solid financials position the company well for sustained growth in the coming quarters.Stock Market Impact: Investors will closely monitor the fundraising developments and segmental growth trends in the upcoming earnings cycles.