Quicktouch Technologies’ Stock Gains On Strategic Developments & Q2 Results

On Wednesday, the stock of Quicktouch Technologies Limited rose to an intraday high of Rs 128.70 gaining 4.5 % over the last close of Rs 123 in the stock market. Its stock's 52-week high price stands at 256.95 rs while its 52-week low price stands at Rs 105 reflecting a 15.33 % increase from the latter. Quicktouch boasts reasonable performance benchmarks with a PE ratio of 11x, ROE of 14 percent, and ROCE of 15 percent among its financial ratios.

Posting a high gross revenue in the books for Q2 FY25 and half a year ending in H1 FY25 with a market capitalization standing at Rs 76.58 crore QUICKTOUCH is a company to watch out for in the near future. The firm posted total revenue of Rs 25.08 crore in Q2 FY25 and a net profit amounting to Rs 2.06 crore. Also, the first half of FY 25 has been quite exceptional with total income reading 67.49 crores, up 44% compared with last year when net income was only 3.58 crore, marking a growth of just 5 % from the previous year's H1FY24 revenues.

Moreover, the company has been able to improve its equity structure further by converting 10,00,000 warrants into equity shares at the price of Rs. 196.17 per share. Allottees were http://www.quicktouch.co.in+/67310.aspx expected to pay Rs 147.13 per warrant to raise a total amount of Rs 14.71 crore, which was the revenue that was achieved with this conversion.

Consequently, the company's issued and paid up capital increased to Rs 10.82 crore which is now made up of 1,08,15,996 equity shares of Rs 10 each. There are 95,50,000 outstanding warrants that can be converted at the Rs 147.13 per warrant price in 18 months.

Quicktouch is equally pursuing its strategic objectives as it makes acquisitions. It intends to purchase Vidyahub Private Limited for Rs 12 crore and Techquench Private Limited for Rs 3 crore, thereby extending its reach in the education and IT service markets. In addition, Rs 13.5 crore will be injected into Qtouch Business Solutions Private Limited, its fully owned subsidiary, to bolster its financial strength and support growth plans.

In a groundbreaking agreement, the company has entered into a 10 year partnership agreement with CSC Academy for the provision of a School Resource Management System (SRMS). This system will be aimed to specific improvement of administrative functions, contact and resource management for the network of schools under CSC Academy. The project brings to the fore Quicktouch's competence in delivering modern IT projects and the firm's commitment to the development of the educational management by application of advanced technologies.

Quicktouch Technologies Limited was established in the year 2013 and it offers web design, software training, software product development, IT consulting and other IT solutions.

Strengthening its existing acquisitions and financial growth, the company continues to be a leader in the IT and education technology sectors.

Further, Quicktouch's expansion into new markets and forging of strategic partnerships match the strategic objectives of Quicktouch as an organization to remain growth oriented and create value at all times. Their broad-based strong financials and growth-oriented approach advocates collaboration and innovation ensuring a competitive-edge in the industry.

These strong financials together with strategic geographical expansions and innovative partnerships enable Quicktouch Technologies to become a key player in the transforming IT business environment.