Athena Global Technologies Q1 Results Revenue Up to ₹416.71 Lakhs, Net Loss Reduced to ₹474.14 Lakhs

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:

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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%.

Quarterly Results

Here is a summary of Athena Global Technologies's quarterly results for the latest periods:

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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