{"id":38345,"date":"2024-06-03T11:21:44","date_gmt":"2024-06-03T05:51:44","guid":{"rendered":"https:\/\/risingentrepreneurs.in\/index.php\/2024\/06\/03\/rox-hi-tech-limiteds-fy24-revenues-surge-32-percentwhile-np-by-38-percent\/"},"modified":"2024-06-03T11:21:44","modified_gmt":"2024-06-03T05:51:44","slug":"rox-hi-tech-limiteds-fy24-revenues-surge-32-percentwhile-np-by-38-percent","status":"publish","type":"post","link":"https:\/\/risingentrepreneurs.in\/index.php\/2024\/06\/03\/rox-hi-tech-limiteds-fy24-revenues-surge-32-percentwhile-np-by-38-percent\/","title":{"rendered":"ROX Hi-Tech Limited\u2019s FY24 Revenues Surge 32 PercentWhile NP By 38 Percent"},"content":{"rendered":"
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Mumbai (Maharashtra0 [India], June 3:<\/strong> ROX Hi-Tech Limited (NSE \u2013 ROXHITECH),\u00a0a customer-centric IT solutions provider, has announced its Audited Financial Results for the FY24.<\/p>\n

FY24 Key Financial highlights (Standalone)<\/strong><\/p>\n

\u2022\u2002Total Income of\u00a0\u20b9\u00a0176.50 Cr, YoY growth of 31.73 %<\/p>\n

\u2022\u2002EBITDA of\u00a0\u20b9\u00a032.23 Cr, YoY growth of 36.10 %<\/p>\n

\u2022\u2002EBITDA Margin of 18.26 %, YoY growth of 59 Bps<\/p>\n

\u2022\u2002Profit Before Tax of\u00a0\u20b9\u00a028.39 Cr, YoY growth of 38.64 %<\/p>\n

\u2022\u2002Net Profit of\u00a0\u20b9\u00a021.24 Cr, YoY growth of 37.96 %<\/p>\n

\u2022\u2002Net Profit Margin of 12.04 %, YoY growth of 54 Bps<\/p>\n

Commenting on this, Mr. Jim Rakesh Managing Director, ROX Hi Tech Limited said, \u201cOur 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\u2019ve strategically positioned ourselves to address the ever-evolving needs of the IT industry.<\/p>\n

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\u2019s reputation as a reliable ally for digital transformation endeavors, laying the foundation for sustained success in the IT industry.<\/p>\n

Further, ROX has been selected as the preferred vendor by EuroGroup for their business Process Automation. This success underscores ROX\u2019s expertise in handling complex IT projects and reinforces our commitment to delivering meaningful IT solutions for our clients.\u201d<\/p>\n

Highlights for Q4 FY24 (January 2024 \u2013 March 2024)<\/strong><\/p>\n

\n\n\n\n\n\n\n\n
Strategic Alliance with Blueprism for Automation<\/td>\n\u00a0 To provide AI-powered Intelligent Automation solutions for SAP deployments and operations \u00a0 Collaboration between ROX and Blueprism to accelerate clients\u2019 SAP S\/4HANA\u00ae transformation. \u00a0 Unique co-innovation partnership leveraging ROX\u2019s SAP expertise and Blueprism\u2019s AI and automation tech.<\/td>\n<\/tr>\n
Secured Pivotal Digital Transformation Deal with Prominent Public Sector Organization<\/td>\n\u00a0 ROX\u2019s expertise in data and database migration makes it a trusted partner for government agencies in digital transformation. \u00a0 Emphasis on seamless data transfer and optimized migration ensures integrity, security, and compliance. \u00a0 Database consolidation and migration streamline operations, enhance decision-making, and tackle data fragmentation, improving citizen services.<\/td>\n<\/tr>\n
Partnered with EuroGroup for Business Process Automation Revolution<\/td>\n\u00a0 To delivering cutting-edge automation solutions that drive efficiency and enhance productivity for our clients\u00a0<\/td>\n<\/tr>\n
Launches ESOP-2024<\/td>\n\u00a0 Board approves ESOP-2024, offering up to 563,200 stock options to enhance employee benefits and foster long-term commitment.<\/td>\n<\/tr>\n
Establishes \u201cCOE For IBM Power Virtual Servers<\/td>\n\u00a0 Established a \u201cCenter of Excellence\u201d for IBM Power Virtual Servers; a significant investment in infrastructure and skilled professionals, aiming to deliver top-notch services and capitalize on market demand.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/figure>\n

If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/em><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Mumbai (Maharashtra0 [India], June 3: ROX Hi-Tech Limited (NSE \u2013 ROXHITECH),\u00a0a customer-centric IT solutions provider,…<\/p>\n","protected":false},"author":2,"featured_media":38346,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[1331],"class_list":["post-38345","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/posts\/38345","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/comments?post=38345"}],"version-history":[{"count":0,"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/posts\/38345\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/media\/38346"}],"wp:attachment":[{"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/media?parent=38345"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/categories?post=38345"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/tags?post=38345"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}