ADC India Communications Q1 Results Revenue Up 10.27% QoQ and 9.93% YoY

ADC India Communications Q1 Results: ADC India Communications showed strong financial improvements in the first quarter of June 2024. Their total revenue increased to 48.64 crores, up by 10.27% from the previous quarter and 9.93% from the same time last year. This means they earned more money compared to both the previous quarter and the same quarter last year. 

ADC India Communications’ selling, general, and administrative expenses were slightly lower at 1.15 crores, decreasing by 7.85% from the previous quarter but increasing by 7.43% from last year. Depreciation and amortization costs remained steady at 0.05 crores, showing minimal change.

ADC India Communications’ other operating expenses dropped significantly to 2.46 crores, down by 2.05% from the previous quarter and a huge 73.16% from last year. This drop helped reduce the total operating expenses to 40.19 crores, which increased by 13.38% from the previous quarter but decreased by 10.04% from last year. Operating income improved to 8.45 crores, a major turnaround from a loss in the previous quarter and the same quarter last year. 

ADC India Communications’ Net income before taxes also turned positive at 9.31 crores, compared to a loss previously. Net income reached 6.96 crores, and the diluted normalized earnings per share (EPS) increased to 15.13. Overall, the company performed much better this quarter compared to the previous periods.

Here is a summary of ADC India Communications' Q1 results for June 2024:

Source: Here 

For More Q1 Results check our Twitter Page

Visit our website for more Q1 results 

ADC India Communications Q1 Results 

For the quarter ending on June 30, 2024, ADC India Communications reported their financial performance. The company earned ₹4,933.67 crore from their operations, which is slightly lower than the ₹5,397.30 crore earned in the previous quarter ending March 31, 2024. Compared to the same quarter last year, which was ₹4,498.38 crore, this is a positive change. 

ADC India Communications also made ₹53.66 crore from other sources, down from ₹83.58 crore in the last quarter and up from ₹38.09 crore a year ago. Adding these two numbers gives a total income of ₹4,987.33 crore for this quarter, which is less than ₹5,480.88 crore from the last quarter but more than ₹4,536.47 crore from the same time last year.

ADC India Communications made a profit of ₹911.68 crore, close to the ₹917.55 crore from the previous quarter, and a turnaround from a loss of ₹11.54 crore a year ago. After accounting for taxes, which cost ₹235 crore, the net profit stands at ₹676.68 crore. This is lower than the ₹1,037.54 crore from the previous quarter but better than the ₹79.11 crore from last year. 

ADC India Communications’ earnings per share (EPS) is ₹15.53, showing an increase from ₹13.80 in the last quarter and a significant improvement from a loss per share of ₹0.35 a year ago. The paid-up equity capital remained stable at ₹400 crore, while the total comprehensive income for this quarter was ₹678.14 crore, a decrease from ₹1,030.77 crore in the previous quarter but higher than ₹75.82 crore a year ago.

ADC India Communications Financial Performance 

ADC India Communications has a market capitalization of ₹921 crore, indicating the total value of its shares in the market. The current price of each share is ₹2,002. Over the past period, the highest price was ₹2,310, and the lowest was ₹677. The stock’s Price-to-Earnings (P/E) ratio is 33.2, showing how much investors are willing to pay for each rupee of earnings. The book value per share is ₹154, representing the company's net asset value. The dividend yield is 0.24%, meaning shareholders receive a small percentage of the share price as dividend income. 

Here's the information in table format:

Quarterly Results 

The table for ADC India Communications shows their financial performance over three quarters. In December 2023, the company had sales of ₹42.07 crores and spent ₹33.99 crores, leaving an operating profit of ₹8.08 crores. Their operating profit margin (OPM) was 19.21%. The company earned ₹0.50 crores from other sources and had a small interest expense. They set aside ₹0.05 crores for depreciation. Before taxes, their profit was ₹8.53 crores. After paying taxes at 25.21%, their net profit was ₹6.38 crores. Earnings per share (EPS) was ₹13.87. For March 2024, sales increased to ₹44.11 crores, expenses to ₹35.39 crores, and operating profit to ₹8.72 crores, with an OPM of 19.77%. 

Here is the table for Dec 2023, Mar 2024, and Jun 2024:

(Figures in Rs. Crores)

About ADC India Communications 

ADC India Communications is a leading company based in Bangalore, India, that specializes in network infrastructure. They have a manufacturing facility in Peenya Industrial Area, which is certified with ISO 9001, ensuring high-quality production. ADC India Communications provides a range of top-notch products for copper and fibre networks, as well as broadcast solutions.

Their services cater to various needs in telecommunications and enterprise networks. The company plays a crucial role in helping its clients transition to advanced, next-generation networks. This is important for delivering fast and reliable services, such as video, data, voice, and wireless connectivity, which are essential for telecommunications companies, businesses, and infrastructure providers.

As communications service providers around the world rapidly move to next-generation networks, ADC India Communications supports this transition by offering solutions that ensure dependable broadband services across different devices and locations. They also aid in building high-speed enterprise networks and data centres, which are necessary for managing and storing large amounts of data. ADC's expertise helps its customers provide advanced, high-speed services to meet the growing demand for reliable and fast connectivity.