Latest news with #ITCONS
Business Standard
6 days ago
- Business
- Business Standard
ITCONS E-Solutions Reports 100 Percent Revenue Growth in FY 2024-25 Over Previous Fiscal
PNN New Delhi [India], June 2: ITCONS E-Solutions Ltd., a leading New Delhi-based player in India's Staffing and Human Resource Solutions sector, has once again exceeded expectations by posting exceptional results for FY2024- 25. The company recorded almost a 100% year-on-year (YoY) increase in revenue, the figure of INR 57.06 crore for the last financial year ending March 31, 2025, compared to INR 28.73 crore in the same period in FY 2023-24. Net profit also saw significant growth, recording PAT of INR 3.20 crore FRO fy 2024-25 from PAT of INR 1.90 crore in FY 2024-25. Earnings Per Share (EPS) for the periods stood at INR 5.23, underscoring the company's robust financials. During this financial year, the company consolidated its IT Manpower & added Technical Testing & IT Asset Management Consulting Services business, and added three prestigious clients, cumulating to INR 13 crore contributions in the financial year 2024-25. The company has a promising Book size in this new line of business. Government business, which became a focus at the start of FY2024- 25, grew manifold, and from 2 active clients at the start of the financial year, 19 new clients got added, cumulating to a book size of close to INR 52 crores. Orders were of different durations, ranging from 8 months to 36 months. Government business alone contributed to addition of close to 1000 manpower. ITCONS increased their footprint in the General Staffing business as well, gaining expertise in Temporary & Permanent Staff Services in the Highly Skilled, Skilled, Semi-Skilled & Unskilled resource categories. On achieving the excellent growth, the ITCONS board has also decided to give a 1.5% dividend of ITCONS Shares' face value, i.e. INR 0.15/ share, to its shareholders. Dr Gaurav Mittal, Managing Director, ITCONS E-Solutions Ltd, attributed the company's growth to the deployment of Technology & Process Standardisation to increase Per Person Productivity. Company's focus lead on developing expertise in all kinds of Staffing business in various industry verticals, across all types of resources, Permanent & Temporary Staffing servicers & entering and consolidating IT Staffing, IT Services, General Staffing & Government business. This opens new avenues for faster growth and goes a long way in business expansion, which not only will reduce dependency of the IT Staffing & Services Business but has been a Business Risk Mitigation Strategy as well. The company's stock market journey has been equally notable. ITCONS debuted on the BSE SME Platform in February-March 2023 with an IPO priced at Rs 51 per share, raising Rs 8.67 crore. Since listing, the stock achieved a high of Rs 767 during FY 2024-25 and currently trades at Rs 508.95, reflecting strong investor sentiment despite various market aberrations. To increase investor value, the company intends to explore an inorganic growth route in the staffing business by strategic acquisition in FY 2025-26 and has set the ground in place to diversify into Solar Power production. (ADVERTORIAL DISCLAIMER: The above press release has been provided by PNN. ANI will not be responsible in any way for the content of the same)
Business Upturn
29-05-2025
- Business
- Business Upturn
ITCONS signs 3-year manpower services agreement with WE WIN
By Aditya Bhagchandani Published on May 29, 2025, 12:31 IST ITCONS E-Solutions Limited has announced a significant business development, entering into a service agreement with WE WIN Limited to provide manpower services for a period of three years. The company disclosed this strategic move in a regulatory filing with BSE on May 29, 2025. The agreement marks a major step forward in strengthening ITCONS' service portfolio and reaffirms its commitment to building long-term partnerships. The engagement will operate under a master service agreement framework, where the volume and type of resources to be deployed will depend on the requirements raised by WE WIN Limited from time to time. According to the company, this contract does not constitute a related party transaction, and none of the promoter or group companies have any interest in WE WIN Limited. The service deal is entirely domestic and does not involve any international entities. Pooja Gupta, Company Secretary and Compliance Officer at ITCONS, confirmed the development and shared that all disclosures are made in compliance with SEBI Listing Regulations, ensuring transparency and timely communication with stakeholders. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Upturn
23-04-2025
- Business
- Business Upturn
ITCONS E-Solutions signs 3-year Master Service Agreement with Global Soft System
By Aditya Bhagchandani Published on April 23, 2025, 11:34 IST ITCONS E-Solutions Limited has entered into a significant international engagement, announcing the signing of a Master Service Agreement (MSA) with Global Soft System, Inc., an international entity. As per the disclosure submitted to the BSE under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this agreement is valid for a tenure of three years. Under this MSA, ITCONS will provide technical and support services, specifically covering areas such as Active Directory (AD) and Inventory Analysis, Data Cleansing and Preparation, and Entitlement Analysis. While the company has not disclosed a fixed commercial consideration, it clarified that the scope and value of the engagement will be dynamic, depending on the volume of work and resources required by Global Soft System from time to time. This new order not only highlights ITCONS' growing international reach but also strengthens its strategic relationship with Global Soft System. The company has confirmed that there is no related party involvement in this agreement and that the deal is completely independent of its promoter or group companies. The announcement marks a milestone for ITCONS as it aims to further solidify its position in the global IT services and staffing domain. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
