IB Infotech Enterprises Q1 Results Revenue Up 53.01% QoQ but Down 1.02% YoY

IB Infotech Enterprises Growth Comparison

IB Infotech Enterprises Q1 Results: In the Q1 results for IB Infotech Enterprises, the company showed a significant increase in total revenue. For the quarter ending in June 2024, their revenue was ₹2.34 crores, which is a 53.01% increase from ₹0.61 crores in the previous quarter, but a small decrease of 1.02% from ₹2.36 crores a year ago. The company's selling, general, and administrative expenses were ₹0.16 crores, up 9.92% from ₹0.15 crores last quarter and 10.54% higher than ₹0.14 crores a year ago. 

IB Infotech Enterprises’ depreciation and amortization expenses rose sharply to ₹0.07 crores, a 198.29% increase from ₹0.02 crores last quarter and 203.48% from the same quarter last year. Other operating expenses dropped by 48.58% to ₹0.07 crores from ₹0.14 crores last quarter and were down 47.23% year-over-year. The total operating expenses were ₹1.91 crores, an increase of 42.90% from the previous quarter but a slight decrease of 0.92% from a year ago. 

IB Infotech Enterprises’ operating income grew by 121.92% to ₹0.43 crores, but it fell by 1.45% from the same quarter last year. Net income before taxes increased by 90.49% to ₹0.41 crores, while net income went up by 98.84% to ₹0.31 crores but fell by 8.10% year-over-year. The diluted normalized earnings per share (EPS) almost doubled to ₹2.42 from ₹1.08 last quarter but decreased by 7.98% compared to a year ago.

Here’s a summary of IB Infotech Enterprises’ Q1 results, with figures in crores:

Source: Here 

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IB Infotech Enterprises Q1 Results

The table provides a financial summary for IB Infotech Enterprises across different periods, including three months ending on June 30, 2024, the previous three months ending March 31, 2024, the same period last year ending June 30, 2023, and the full year ending March 31, 2024.

In the latest quarter, IB Infotech made ₹234.00 crore in total revenue, which includes ₹233.99 crore from sales and ₹0.02 crore from other income. This is an increase from the ₹154.91 crore in revenue reported in the previous quarter but slightly lower than ₹237.37 crore from the same quarter last year. The company’s main expense was ₹160.71 crore for materials, with additional costs for employee benefits, depreciation, and other expenses totaling ₹192.94 crore. 

IB Infotech Enterprises profit before tax for this quarter was ₹41.07 crore, up from ₹21.56 crore in the previous quarter but down from ₹45.05 crore last year. After paying taxes, the net profit was ₹30.98 crore, higher than ₹15.58 crore last quarter but lower than ₹33.71 crore from the previous year. The earnings per share (EPS) for this period were ₹2.42, showing an increase from ₹1.22 last quarter and consistent with the same EPS last year.

Here's a simplified overview of financial results for the relevant periods:

IB Infotech Enterprises Stock Metrics

 IB Infotech Enterprises table provides key financial details. The company has a market capitalization of ₹29.4 Crores, which reflects the total value of its outstanding shares. The current stock price is ₹229, with a highest price of ₹245 and a lowest price of ₹88 over a certain period. The Price-to-Earnings (P/E) ratio is 41.4, indicating how much investors are willing to pay per unit of earnings.

Here's the information in a table format:

Quarterly Results 

IB Infotech Enterprises shows financial results for three specific periods: December 2023, March 2024, and June 2024. It includes key figures such as sales, expenses, operating profit, and net profit. Sales increased from 0.94 Crores in December 2023 to 2.34 Crores in June 2024, showing growth. Expenses also grew but at a slower rate. 

Here's the data for Dec 2023, Mar 2024, and Jun 2024:

About IB Infotech Enterprises 

IB Infotech Enterprises is a public company that focuses on providing information technology (IT) services. Originally known as Indian Beverages, the company was established on December 7, 1987, and changed its name in 2000. The company offers a wide range of IT and electronic services, including software development, hardware sales, web design, and data management.

In recent years, IB Infotech has expanded its business to include trading agricultural products and has worked hard to pay off all its debts. Now, the company is debt-free and is focused on growing its business and finding new projects that will benefit its shareholders.

IB Infotech Enterprises’ one of its major projects is setting up a 100% Export Oriented Unit (EOU) in Kerala, India, to produce and export coconut-based products like coconut water and juice. This project is being developed in collaboration with Harlen Fine Foods (HFF) from Singapore. The company has also started offering new products under the "Harlen Brand" and is opening new branches in cities like Agra, Jaipur, Delhi, and Jammu to expand its market reach. Despite facing challenges from slow economic growth, IB Infotech is carefully planning its future growth.