Blue Cloud Softech Solutions Ltd, based in Hyderabad and a leader in AIoT and tech solutions, has announced its first-ever 1:2 stock split. Shareholders approved the decision during an Extraordinary General Meeting (EGM) on December 30, 2024. The company has set January 20, 2025, as the record date for the split.
Stock Split Details
This stock split will lower the face value of each equity share from ₹2 to ₹1, doubling the number of shares held by investors. The move aims to make shares more affordable and improve market liquidity.
The company stated, “As per Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the record date to determine shareholder eligibility for the stock split is January 20, 2025.”
Strong Financial Performance
Blue Cloud’s recent financial results highlight its growth momentum:
- Q2 FY25 Net Sales: ₹235.27 crore (171% year-on-year growth)
- Q2 FY25 Net Profit: ₹11.35 crore (up 333% from last year)
- H1 FY25 Net Sales: ₹466.51 crore (284% rise year-on-year)
- H1 FY25 Net Profit: ₹21.83 crore (536% growth compared to last year)
The company’s stock price has achieved a remarkable 160% compound annual growth rate (CAGR) over the past three years.
Strategic Projects by Blue Cloud
Blue Cloud Softech Solutions continues to strengthen its presence globally and locally through innovative projects:
- Completed a landmark project in the U.S., implementing BioSter, an AI-powered sterilization system.
- Secured a ₹105-lakh order from Discovery Oaks Public School, Hyderabad, to install Edugenie, an AI-based learning management system, and Emotifics, a facial recognition AIoT app.
About Blue Cloud Softech Solutions
Blue Cloud Softech specializes in advanced AI and IoT solutions for industries like healthcare, education, and cybersecurity. Key offerings include:
- Healthcare Tech: Real-time patient monitoring solutions.
- AI Innovations: Products like Altezza and Proxzar.
- Cybersecurity: Tools like Cyber Falcon for digital protection.
With a strong focus on innovation and technology, Blue Cloud is reshaping industries through AI-powered solutions. Its exceptional financial growth and groundbreaking projects reinforce its status as a leader in the AI technology sector.
Disclaimer: This content is for informational purposes only and does not provide investment advice.
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