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More news about Trigyn Technologies
11Aug 25
Trigyn Technologies Reports Q1 Loss of Rs 460.86 Crore, Appoints New Executive Vice Chair
Trigyn Technologies reported a consolidated net loss of Rs 460.86 crore for Q1, compared to a profit of Rs 761.38 crore in the same quarter last year. Revenue from operations decreased to Rs 22,449.99 crore from Rs 24,194.44 crore year-on-year. The company appointed Mrs. Bhavana Rao Potluri as Executive Vice Chair and approved the incorporation of a wholly-owned subsidiary in Dubai. Trigyn faces legal challenges including arbitration proceedings and a GST demand notice. The company has taken a cautious approach to revenue recognition, not recognizing Rs 80 crore in quarterly guaranteed revenue and maintaining significant ECL provisions.