Virinchi Ltd Share Price – NSE  /  BSE

IT - Software, Small Cap

Net profit of Virinchi reported to Rs 1.52 crore in the quarter ended September 2023 as against net loss of Rs 3.48 crore during the previous quarter ended September 2022. Sales declined 8.24% to Rs 72.50 crore in the quarter ended September 2023 as against Rs 79.01 crore during the previous quarter ended September 2022.

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Virinchi will hold a meeting of the Board of Directors of the Company on 13 November 2023.

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Virinchi has completed the purchase of a plot and an old building measuring 1290 square yards in Jubilee Hills, Hyderabad. This property will be utilized for the company's own corporate office development. The sale deed was executed on 26 October 2023 with a third-party seller who is not associated with the promoter or promoter group companies.

This transaction is not categorized as a related party transaction, and none of the company's promoters, directors, key managerial persons, or their relatives have any direct or indirect interest in this matter.

Virinchi is a software products and services company. On a consolidated basis, it reported net profit of Rs 4.46 crore in Q1 June 2023 as against net loss of Rs 1.78 crore in Q1 June 2022. Net sales rose 5.95% YoY to Rs 80.30 crore in Q1 June 2023.

Shares of Virinchi fell 0.44% to Rs 31.67 on 26 October 2023.

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Virinchi announced that the 34th Annual General Meeting (AGM) of the company will be held on 30 September 2023.

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