Ksolves India Limited has released its financial results for the second quarter, showcasing a mixed performance with revenue growth accompanied by a decline in profitability.

Revenue Growth

The company reported a notable increase in revenue for Q2. Ksolves India's revenue from operations grew to ₹394.93 crore, up from ₹347.72 crore in the corresponding quarter of the previous year, marking a 13.58% year-over-year growth.

Profitability Metrics

Despite the revenue growth, Ksolves India experienced a decline in its profitability metrics:

The company's net profit decreased by 8.59% year-over-year, while EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) saw a 9.09% decline. The EBITDA margin compressed significantly by 760 basis points, dropping from 38.06% to 30.46%.

Financial Position

As of September 30, Ksolves India's balance sheet reflects a strong financial position:

• Total Assets: ₹5,620.72 crore
• Total Equity: ₹3,400.50 crore
• Cash and Cash Equivalents: ₹1,725.14 crore

Dividend Announcement

In a move that may interest shareholders, the Board of Directors has declared a second interim dividend of ₹5 per share. The record date for this dividend is set for October 23.

Operational Update

The company also announced the closure of Ksolves LLC, USA, a wholly-owned subsidiary. This decision aims to reduce costs and streamline operations, as Ksolves IT USA Inc. is deemed sufficient to serve the company's purposes in the United States market.

Management Commentary

While specific management comments were not provided in the financial release, the mixed results suggest that Ksolves India is navigating a challenging business environment. The company's ability to grow revenue amidst pressures on profitability indicates resilience in its core business, but also points to potential cost pressures or competitive challenges affecting margins.

Investors and analysts will likely be watching closely to see how Ksolves India addresses the profitability challenges while maintaining its revenue growth trajectory in the coming quarters.

Note: All figures are in Indian Rupees (₹) and 1 crore = 10 million.

Ksolves India Limited , a globally recognized Odoo development company and Official Odoo Gold Partner, has been awarded the prestigious 'Odoo Best Partner-2025, India' at the Odoo Experience 2025 held in Brussels, Belgium on September 20, 2025. This accolade underscores the company's commitment to excellence in delivering innovative Odoo ERP solutions on a global scale.

Award Details and Significance

The Odoo Awards, an annual event that honors the most impactful partners and contributors in the Odoo ecosystem, recognizes companies that consistently deliver exceptional Odoo ERP implementations, demonstrate technical innovation, and maintain high levels of customer satisfaction. Ksolves' win in the 'Best Partner-2025, India' category is a testament to its leadership in the Odoo development space.

Evaluation Criteria

The award evaluation was based on multiple factors, showcasing Ksolves' comprehensive expertise:

• Volume and complexity of successful Odoo ERP implementations and deployments
• Technical proficiency and innovation in ERP development
• Customer satisfaction and long-term engagement
• Quality of contributions to the Odoo App Store
• Sustained business growth with Odoo solutions

Ksolves' Odoo Services and Global Reach

Ksolves offers a full spectrum of Odoo services, including:

• Consultation
• Implementation
• Customization
• Integration
• Migration
• Post-deployment support

The company's reach extends across more than 80 countries and serves over 50 industries, catering to a diverse clientele ranging from startups and SMBs to large enterprises. This extensive experience has positioned Ksolves as a key player in helping businesses digitally transform their operations through Odoo.

Impact on Ksolves' Market Position

This recognition is expected to further solidify Ksolves India Limited's position as a trusted Odoo development company. It validates the company's leadership and expertise in delivering high-quality Odoo solutions across various industries.

As businesses continue to seek robust ERP solutions for digital transformation, Ksolves' award-winning status in the Odoo ecosystem may well translate into increased market opportunities and client trust in the coming years.

The company's ability to consistently deliver innovative, scalable, and customized Odoo ERP solutions has not only earned them this prestigious award but also positions them strongly in the competitive landscape of ERP solution providers.