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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 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

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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: 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

Source: Click Here

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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
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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
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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.

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