Varanium Cloud, a digital technology SME firm listed on NSE Emerge, on January 24 reported its consolidated revenue during the quarter ended December grew by 260 percent to Rs 395.15 crore. In the same quarter last year, its revenue stood at Rs 109.48 crore
The company said its revenue growth was primarily driven by growth in Africa and the appointment of a new distributor of its VoIP services in Latin America.
Its EBITDA during the quarter zoomed by 205 percent to Rs 120.95 crore from Rs 39.60 crore in Q3FY23. Its net profit increased by 196 percent to Rs 87.68 crore from Rs 29.59 crore in Q3FY23.
“This remarkable growth underscores the effectiveness of our business strategies and the robustness of our operations,” said Harshawardhan Sabale, Managing Director – Varanium Cloud.
Sabale highlighted that the company has established a new office and BPO centre in Sawantwadi, Maharashtra.
“The new BPO set-up will create over 200 IT job opportunities for the Konkan talent. Going forward, we want to penetrate our operations further to non-metro areas creating sustainable employment opportunities for local talent," he added.
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