A2Z Infra Engineering Q1 Results Reach Total Revenue of ₹82.64 crore & Net Income ₹0.02 crore

A2Z Infra Engineering Q1 Results: The table showing A2Z Infra Engineering's financial results gives important details about the company's performance in the first quarter (Q1) of 2024. Comparing the results year-over-year (YoY), we see that total revenue was ₹82.64 crore, which is a decrease of 12.18% YoY from ₹94.1 crore in the same quarter last year. Additionally, when looking at quarter-on-quarter (QoQ) performance, revenue dropped 15.65% from ₹97.97 crore in the previous quarter.

A2Z Infra Engineering expenses, the Selling, General, and Administrative (SG&A) costs were ₹38.1 crore, reflecting a decrease of 10.55% YoY, down from ₹42.59 crore last year. Comparing QoQ, these costs fell by 8.65% from ₹41.7 crore. This indicates that the company is working to manage costs effectively.

A2Z Infra Engineering’s operating income, there was a significant improvement of 113.67% QoQ, bringing it to ₹2.44 crore, compared to a loss of ₹17.88 crore in the previous quarter. YoY, operating income also increased by 33.39% from ₹1.83 crore. Overall, the company’s net income was ₹0.02 crore, marking a turnaround from a loss of ₹0.87 crore last year, showing positive growth year-over-year (YoY).

Here’s a simplified summary of A2Z Infra Engineering's Q1 financial results for 2024, along with the key financial data:

(₹ in crore)

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A2Z Infra Engineering Q1 Results

A2Z Infra Engineering’s financial results table shows how the company performed in the quarter ending June 30, 2024. The total income for this quarter was approximately ₹2,956.56 lakhs, which includes revenue from operations of ₹2,807.67 lakhs and other income of ₹148.95 lakhs. However, the company had total expenses of ₹5,049.15 lakhs, which is significantly higher than its income. The main expenses included costs for materials consumed, employee benefits, finance costs, and other operational costs.

A2Z Infra Engineering reported a loss before tax of ₹2,092.59 lakhs. After considering exceptional items, which added ₹3,085.61 lakhs, the profit before tax was ₹19.76 lakhs. After paying some taxes, the net profit for the quarter was ₹4.45 lakhs. The table also shows that the company’s total comprehensive income, which considers other factors like revaluation of assets, was a loss of ₹20.86 lakhs. The paid-up equity share capital stood at ₹17,611.99 lakhs, indicating that the company has significant capital, although it has faced financial challenges in this period. Overall, the results highlight both the company’s struggles with expenses and the impact of exceptional gains on its profit.

Here’s the financial statement for A2Z Infra Engineering presented in a table format:

(₹ in Lakhs)

A2Z Infra Engineering Stock Performance

A2Z Infra Engineering is a company involved in infrastructure development. The table provides key financial details about the company. Its market capitalization is ₹ 319 crores, which means that the total value of all its shares is this amount. The current stock price is ₹ 18.1, and the stock has experienced highs of ₹ 24.6 and lows of ₹ 8.25. The book value per share is ₹ 1.83, indicating the company's net worth. 

Here’s a simple summary of the financial details:

Quarterly Results 

A2Z Infra Engineering reported its quarterly results for December 2023, March 2024, and June 2024. In December 2023, the company had sales of Rs. 94.45 crores, but its expenses were higher at Rs. 114.23 crores, leading to a small loss before tax of Rs. 0.20 crores. By March 2024, sales increased slightly to Rs. 97.97 crores, but expenses rose significantly to Rs. 145.88 crores, resulting in a larger loss of Rs. 1.23 crores. 

Here’s a focused summary of the quarterly results for December 2023, March 2024, and June 2024:

(in Rs. Crores)

About A2Z Infra Engineering

A2Z Infra Engineering is a well-established company in India, founded in 2002 by Amit Mittal, who is an IIT graduate. The company focuses on providing engineering solutions for important areas like power, telecom, and waste management. They offer a wide range of services, including facility management, cleaning and maintenance of infrastructure, and renewable energy projects. A2Z Infra Engineering has a large team of over 12,000 skilled employees who work hard to complete projects on time using advanced technology and modern equipment.

A2Z Infra Engineering believes in being innovative and cost-effective, ensuring that their solutions meet the needs of both private and public sector clients. They are dedicated to integrity and reliability, which they consider essential for success in business. As of the end of the financial year 2023-24, A2Z Infra Engineering reported a strong turnover of over ₹388 crore, reflecting their significant presence in the industry.