DC Infotech & Communication Q1 Results Look at ₹118.51 Crores in Revenue

DC Infotech & Communication Q1 Results: DC Infotech & Communication’s Q1 results for June 2024 show some interesting trends when compared both year-over-year (YoY) and quarter-on-quarter (QoQ). The total revenue for June 2024 was ₹118.51 crores. While this was a decrease from ₹180.10 crores in the March 2023 quarter (QoQ), it was an improvement over the ₹92.68 crores from June 2023 (YoY). This means the company's revenue has grown year-over-year (YoY) but dropped quarter-on-quarter (QoQ).

DC Infotech & Communication’s Total Costs were ₹113.39 crores for June 2024, much lower than the ₹173.64 crores in March 2023 (QoQ) but higher than the ₹88.96 crores in June 2023 (YoY). Despite this, the company's operating income was ₹5.12 crores, showing a QoQ decrease from ₹6.46 crores in March 2023 but an improvement from ₹3.71 crores year-over-year (YoY).

DC Infotech & Communication’s Net Income, DC Infotech earned ₹3.06 crores in June 2024. This is down from ₹3.84 crores in March 2023 (QoQ) but up from ₹2.11 crores year-over-year (YoY), highlighting steady growth compared to the previous year.

DC Infotech & Communication’s diluted normalized earnings per share (EPS) stood at ₹1.91 in June 2024, lower than ₹3.19 in March 2023 but slightly better than ₹1.76 year-over-year (YoY), showing gradual improvement compared to last year despite the quarterly dip.

Here are DC Infotech & Communication's Q1 results for June 2024, compared with the previous quarter (March 2023) and the same quarter last year (June 2023), summarized in simple terms:

(All figures in crores except per share values)

Source: Here 

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DC Infotech & Communication Q1 Results

DC Infotech & Communication table presents the financial results for different periods, showing how the company performed over time. For the quarter ending on June 30, 2024, the company's net sales or revenue from operations was 11,851.01. This is a decrease compared to the previous quarter, which had revenue of 15,458.58. However, it is higher than the revenue from the same quarter last year, which was 9,267.55. When we look at other income, which includes any money earned outside of regular sales, it was 51.93 in the latest quarter, also lower than the previous quarter's 66.68.

DC Infotech & Communication’s Total revenue, which combines both sales and other income, for the recent quarter was 11,902.94. In terms of expenses, the total for the latest quarter was 11,494.48, which is less than the previous quarter’s expenses of 14,948.60 but more than the 8,988.38 from the same quarter last year. The company made a profit of 305.65 for the quarter ending June 30, 2024, a drop from 421.26 in the previous quarter. The earnings per share, which shows how much profit each share earned, were 2.35 for this quarter, showing some good performance despite a decrease from the last quarter. Overall, the company has shown growth compared to last year, but there is a decline from the previous quarter.

Here is a simplified presentation of the financial results for the quarter ended June 30, 2024, including key figures and a summary of the statements:

(Rs. in Lakhs, except the shares)

DC Infotech & Communication Stock Performance

DC Infotech & Communication has a market cap of ₹ 518 crore, meaning the total value of all its shares is ₹ 518 crore. The current stock price is ₹ 384. Over the past year, the stock price has ranged between ₹ 155 and ₹ 458. Its P/E ratio is 41.2, meaning investors pay ₹ 41.2 for each ₹ 1 the company earns. The book value per share is ₹ 35.8, which reflects the company's assets. The company does not pay a dividend. 

Here is the information in a table format:

Quarterly Results 

DC Infotech & Communication’s financial data for the quarters ending in December 2023, March 2024, and June 2024 shows consistent growth. In December 2023, sales were Rs 101.94 crores, with a net profit of Rs 2.17 crores. This improved significantly by March 2024, with sales jumping to Rs 154.59 crores and net profit reaching Rs 4.21 crores, showing strong performance. However, in June 2024, sales slightly decreased to Rs 118.51 crores, and net profit dropped to Rs 3.06 crores. 

Here is the quarterly financial data for Dec 2023, Mar 2024, and Jun 2024:

About DC Infotech & Communication

DC Infotech & Communication is a leading company that has been in the networking and security business for over 20 years. It was founded in April 1998 by Mr. Devendra Sayani and Mr. Chetankumar Timbadia, who have a total of 40 years of experience in this field. The company started with just six people and has grown to a team of over 50 skilled professionals. DC Infotech specializes in providing innovative products and solutions for networking and security by using the latest technology.

DC Infotech & Communication aims to be the best in sales and support of these products and services. Their main goal is to understand future market needs and trends before they happen, allowing them to meet customer demands quickly. DC Infotech is known for offering cost-effective and integrated networking solutions, making it a trusted name in the industry.