Business

ROX Hi-Tech Limited’s FY24 Revenues Surge 32 PercentWhile NP By 38 Percent

Mumbai (Maharashtra0 [India], June 3: ROX Hi-Tech Limited (NSE – ROXHITECH), a customer-centric IT solutions provider, has announced its Audited Financial Results for the FY24.

FY24 Key Financial highlights (Standalone)

• Total Income of ₹ 176.50 Cr, YoY growth of 31.73 %

• EBITDA of ₹ 32.23 Cr, YoY growth of 36.10 %

• EBITDA Margin of 18.26 %, YoY growth of 59 Bps

• Profit Before Tax of ₹ 28.39 Cr, YoY growth of 38.64 %

• Net Profit of ₹ 21.24 Cr, YoY growth of 37.96 %

• Net Profit Margin of 12.04 %, YoY growth of 54 Bps

Commenting on this, Mr. Jim Rakesh Managing Director, ROX Hi Tech Limited said, “Our noteworthy performance reflects our steadfast commitment to excellence. Our adept technical prowess in meeting increasing client demands is a cornerstone of our business success. With over two decades of experience, we’ve strategically positioned ourselves to address the ever-evolving needs of the IT industry.

In addition to our excellent performance, I am delighted to announce that we have secured a digital transformation deal involving data and database migration for a prominent public sector organization. Our entry into this sector signifies the commencement of various prospects for future growth and expansion. This triumph solidifies ROX Hi Tech Limited’s reputation as a reliable ally for digital transformation endeavors, laying the foundation for sustained success in the IT industry.

Further, ROX has been selected as the preferred vendor by EuroGroup for their business Process Automation. This success underscores ROX’s expertise in handling complex IT projects and reinforces our commitment to delivering meaningful IT solutions for our clients.”

Highlights for Q4 FY24 (January 2024 – March 2024)

Strategic Alliance with Blueprism for Automation  To provide AI-powered Intelligent Automation solutions for SAP deployments and operations   Collaboration between ROX and Blueprism to accelerate clients’ SAP S/4HANA® transformation.   Unique co-innovation partnership leveraging ROX’s SAP expertise and Blueprism’s AI and automation tech.
Secured Pivotal Digital Transformation Deal with Prominent Public Sector Organization  ROX’s expertise in data and database migration makes it a trusted partner for government agencies in digital transformation.   Emphasis on seamless data transfer and optimized migration ensures integrity, security, and compliance.   Database consolidation and migration streamline operations, enhance decision-making, and tackle data fragmentation, improving citizen services.
Partnered with EuroGroup for Business Process Automation Revolution  To delivering cutting-edge automation solutions that drive efficiency and enhance productivity for our clients 
Launches ESOP-2024  Board approves ESOP-2024, offering up to 563,200 stock options to enhance employee benefits and foster long-term commitment.
Establishes “COE For IBM Power Virtual Servers  Established a “Center of Excellence” for IBM Power Virtual Servers; a significant investment in infrastructure and skilled professionals, aiming to deliver top-notch services and capitalize on market demand.

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