Sagarsoft Reports Q1 Net Loss and Fund Utilization for Preferential Issue
Sagarsoft (India) Limited reported a net loss of Rs 430.83 lakhs in Q1, compared to a profit of Rs 194.30 lakhs in the same quarter last year. Total income increased to Rs 4,106.50 lakhs. The company utilized Rs 1.18 crore from its preferential issue for working capital, with Rs 3.90 crore in fixed deposits. Sagarsoft's subsidiary, IT CATS LLC, incorporated Sarral Global, Inc. in Georgia, USA, focusing on cybersecurity, data, and AI services.
25Jul 25
Sagarsoft (India) Limited Reports Consolidated Net Loss in Q1
Sagarsoft (India) Limited reported a consolidated net loss of ₹430.83 lakhs for Q1, despite revenue growth to ₹4,057.25 lakhs. The loss contrasts with profits in the previous quarter and the same quarter last year. Expenses increased significantly, particularly in employee benefits. The company expanded its US operations with a new subsidiary, Sarral Global Inc., focusing on cybersecurity, data, and AI services.