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- Athena Global Technologies Q1 Results Revenue Up to ₹416.71 Lakhs, Net Loss Reduced to ₹474.14 Lakhs
Athena Global Technologies Q1 Results Revenue Up to ₹416.71 Lakhs, Net Loss Reduced to ₹474.14 Lakhs
Athena Global Technologies Q1 Results saw a 23.6% revenue increase YoY to ₹416.71 lakhs, with a 23.2% improvement in net loss to ₹474.14 lakhs, Athena Global Technologies Q1 Results also show a 29.6% rise in expenses YoY, despite a 6.3% QoQ decrease.
by P Nandhini
Updated Aug 28, 2024
Table of Content
Athena Global Technologies Q1 Results: Athena Global Technologies released its Q1 financial results on 30th June 2024, showing a significant decrease in revenue and profitability. The company's revenue from operations was ₹416.71 lakhs, marking a 23.6% increase compared to ₹337.12 lakhs in the same quarter last year.
However, despite this revenue growth, Athena faced a substantial rise in expenses, which led to a net loss of ₹474.14 lakhs for the quarter, an increase from a loss of ₹617.35 lakhs in Q1 2023, indicating a 23.2% improvement year-over-year.
The company's total revenue, including other income, reached ₹419.35 lakhs, up by 23.5% from ₹339.82 lakhs in Q1 2023. Expenses surged to ₹909.18 lakhs, reflecting a 6.3% decrease from the previous quarter but a significant 29.6% increase from the same quarter last year.
Athena’s earnings per share (EPS) were reported at a loss of ₹3.37, compared to a loss of ₹4.61 in Q1 2023, showing some improvement in financial performance. Despite these challenges, Athena Global Technologies remains focused on driving digital transformation and enhancing its market position.
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Athena Global Technologies Q1 Results 2024 - 2025
Athena Global Technologies has released its financial results for Q1 ending 30th June 2024. The company reported mixed performance with an increase in revenue but a notable loss due to rising expenses. Below is a summary of the key financial metrics:
Particulars | Three Months Ended 30.06.2024 | Three Months Ended 31.03.2024 |
---|---|---|
Revenue from Operations | ₹416.71 Lakhs | ₹391.91 Lakhs |
Other Income | ₹2.64 Lakhs | ₹23,622.95 Lakhs |
Total Revenue | ₹419.35 Lakhs | ₹24,014.86 Lakhs |
Cost of Goods Sold | ₹68.02 Lakhs | ₹117.27 Lakhs |
Employee Benefits Expense | ₹315.25 Lakhs | ₹309.98 Lakhs |
Finance Cost | ₹268.79 Lakhs | ₹173.23 Lakhs |
Depreciation and Amortization | ₹6.82 Lakhs | ₹56.61 Lakhs |
Other Expenses | ₹250.29 Lakhs | ₹1,264.95 Lakhs |
Total Expenses | ₹909.18 Lakhs | ₹1,808.82 Lakhs |
Profit/(Loss) Before Tax | (₹489.83 Lakhs) | ₹22,206.04 Lakhs |
Profit/(Loss) After Tax | (₹474.14 Lakhs) | ₹22,060.31 Lakhs |
Other Comprehensive Income | ₹1.56 Lakhs | (₹37.76 Lakhs) |
Total Comprehensive Income | (₹472.57 Lakhs) | ₹22,022.55 Lakhs |
Equity Share Capital | ₹1,405.00 Lakhs | ₹1,405.00 Lakhs |
Earnings Per Share (Basic) | (₹3.37) | ₹164.88 |
Earnings Per Share (Diluted) | (₹3.23) | ₹157.24 |
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Athena Global Technologies Current Market Overview
Athena Global Technologies is currently trading at ₹114 per share, with a recent gain of 1.11%. The company's market capitalization is ₹160 crore. The stock has reached a high of ₹130 and a low of ₹46.4 recently. It has a very low Price-to-Earnings (P/E) ratio of 0.78, indicating potentially high value relative to earnings.
The book value per share is ₹141, but the company does not offer any dividend yield. Athena Global Technologies boasts strong financial performance with a Return on Capital Employed (ROCE) of 128% and a Return on Equity (ROE) of 216%.
Metric | Value |
---|---|
Current Price | ₹114 |
Change (%) | +1.11% |
Market Cap | ₹160 Cr. |
High / Low | ₹130 / ₹46.4 |
Stock P/E | 0.78 |
Book Value | ₹141 |
Dividend Yield | 0.00% |
ROCE | 128% |
ROE | 216% |
Face Value | ₹10.0 |
BSE Code | 517429 |
Quarterly Results
Here is a summary of Athena Global Technologies's quarterly results for the latest periods:
Metric | Dec 2023 | Mar 2024 | Jun 2024 |
---|---|---|---|
Sales | 3.96 | 3.92 | 4.17 |
Expenses | 6.14 | 16.93 | 6.34 |
Operating Profit | -2.18 | -13.01 | -2.17 |
OPM % | -55.05% | -331.89% | -52.04% |
Other Income | -0.01 | 236.23 | 0.03 |
Interest | 3.14 | 1.73 | 2.69 |
Depreciation | 0.40 | -0.57 | 0.07 |
Profit Before Tax | -5.73 | 222.06 | -4.90 |
Tax % | -26.53% | 0.66% | -3.27% |
Net Profit | -4.21 | 220.60 | -4.74 |
EPS in Rs | -3.00 | 157.01 | -3.37 |
About Athena Global Technologies
Athena Global Technologies is an IT company based in Hyderabad, India, established in 1992. Previously known as VJIL Consulting Limited, Athena Global Technologies specializes in digital transformation solutions and services.
They offer a wide range of services, including software application development, infrastructure management, product engineering, and consulting. Their work spans various sectors such as finance, healthcare, retail, and government.
The company focuses on helping clients build successful businesses, adapt to market changes, and become more agile and competitive.
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Athena Global Technologies Q1 Results - FAQs
1. What was Athena Global Technologies' revenue from operations for Q1 2024?
Athena Global Technologies' revenue from operations for Q1 2024 was ₹416.71 lakhs.
2. How much was Athena Global Technologies' net loss in Q1 2024?
Athena Global Technologies reported a net loss of ₹474.14 lakhs in Q1 2024.
3. What was the total revenue of Athena Global Technologies for Q1 2024?
The total revenue, including other income, was ₹419.35 lakhs for Q1 2024.
4. How did Athena Global Technologies' revenue compare to the previous quarter?
Athena Global Technologies' revenue from operations increased from ₹391.91 lakhs in Q4 2023 to ₹416.71 lakhs in Q1 2024.
5. What were the total expenses for Athena Global Technologies in Q1 2024?
Athena Global Technologies' total expenses were ₹909.18 lakhs in Q1 2024.
6. What was Athena Global Technologies' EPS (Earnings Per Share) for Q1 2024?
Athena Global Technologies reported an EPS of ₹(3.37) for Q1 2024.
7. How did the cost of goods sold for Athena Global Technologies change in Q1 2024?
The cost of goods sold for Athena Global Technologies in Q1 2024 was ₹68.02 lakhs.
8. What was Athena Global Technologies' employee benefits expense in Q1 2024?
Athena Global Technologies' employee benefits expense was ₹315.25 lakhs in Q1 2024.
9. How much did Athena Global Technologies report as profit before tax in Q1 2024?
Athena Global Technologies reported a profit before tax of ₹(489.83) lakhs in Q1 2024.
10. What was the total comprehensive income for Athena Global Technologies in Q1 2024?
The total comprehensive income for Athena Global Technologies in Q1 2024 was ₹(472.57) lakhs.