Technvision Ventures Q1 Results: Net Profit Drops to ₹216.11 Lakhs, EPS Falls to ₹3.44 Despite Increased Revenue

Technvision Ventures Q1 Results: Technvision Ventures announced their Q1 results for the fiscal year 2024-2025 on 14 August 2024. The company reported a slight increase in total income from operations, reaching ₹5,253.16 lakhs, up 1.66% quarter-over-quarter (QoQ) from ₹5,166.74 lakhs in the previous quarter.

However, on a year-over-year (YoY) basis, the revenue remained relatively stable, with a minor growth observed. Despite this increase, the company faced challenges in profitability, with a net profit of ₹216.11 lakhs, reflecting a sharp decline of 75.61% QoQ from the ₹886.76 lakhs recorded in Q4 of 2023-2024.

The company’s expenses rose significantly, particularly in employee benefits and other operational costs, which impacted their profit margins. Technvision Ventures' earnings per share (EPS) also dropped to ₹3.44, down from ₹14.13 in the previous quarter.

The management noted that while revenue has been stable, the decrease in net profit is due to higher operational costs and other expenses during the quarter. The results indicate that the company will need to focus on managing costs and improving profitability in the upcoming quarters.

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Technvision Ventures Q1 Results 2024 - 2025

Technvision Ventures reported its financial results for the quarter ended 30th June 2024, showing stable revenue but a significant decline in profitability. Below is a summary of the key financial metrics for Q1.

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Technvision Ventures Current Market Overview

TechNVision Ventures is currently performing well in the stock market, with its share price at ₹4,378, marking a 5.00% increase. The company has a strong market presence with a market capitalization of ₹2,749 crore.

Despite its high stock price, the company has a price-to-earnings ratio of 122, indicating a high valuation compared to its earnings. The stock has experienced significant fluctuations, with a 52-week high of ₹4,378 and a low of ₹163.

While TechNVision does not offer a dividend, it shows strong financial health with a high return on equity (ROE) of 324% and a return on capital employed (ROCE) of 98.1%.

Quarterly Results

Here is a summary of Technvision Ventures's financial performance for the recent quarters. The data covers the quarters ending December 2023, March 2024, and June 2024.

About Technvision Ventures 

Technvision Ventures is an Indian IT company established on February 29, 1980, specializing in software development, information management, and cash flow management solutions.

Based in Secunderabad, the company serves both Indian and international clients, offering a range of services through its subsidiaries, including enterprise data management with Solix Technologies, talent management through SITI Corporation, and cash flow optimization via Emagia Corporation.

Recognized by NASSCOM as one of India's top 100 IT innovators, Technvision Ventures is known for its innovative technology solutions and significant contributions to the global IT industry.

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