E2E Networks Q1 Results Total Income ₹41.33 Crore & Operating Profit ₹16.58 Crore

E2E Networks Q1 Results: In the first quarter of the fiscal year ending June 2024, E2E Networks showed impressive financial results. Their Total Revenue reached ₹41.33 crores, a significant 112.41% increase year-over-year (YoY) compared to ₹19.46 crores from the same period last year. This highlights the company's strong growth over the year. 

E2E Networks’ Operating Income also improved substantially, up by 98.12% YoY, reaching ₹16.58 crores from ₹8.37 crores in the previous year. This indicates better efficiency and profitability compared to the same period last year.

E2E Networks’ revenue increased by 40.53% from ₹17.59 crores in the previous quarter. This shows a robust growth trend within the last three months. However, there was an increase in Depreciation/Amortization, up 458.07% YoY, reflecting higher investment in assets. Net Income rose by 45.49% YoY, reaching ₹10.14 crores compared to ₹6.97 crores in the same quarter last year, demonstrating improved profitability. 

E2E Networks achieved strong financial growth both year-over-year and quarter-on-quarter, indicating successful business performance and effective management.

Here's a simplified summary of E2E Networks' Q1 results for the fiscal period ending June 2024:

Source: Here 

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E2E Networks Q1 Results

E2E Networks for the quarter ending June 30, 2024 financial results, show significant growth both year-over-year (YoY) and quarter-on-quarter (QoQ). Revenue from operations for this quarter was ₹4,132.67 lakhs, which is a notable increase compared to ₹1,945.57 lakhs in the same quarter last year, showing strong YoY growth. Similarly, compared to the previous quarter, ending March 31, 2024, the company experienced a QoQ increase in revenue, rising from ₹2,940.84 lakhs.

E2E Networks’ Total revenue, including other income, grew from ₹1,981.90 lakhs last year to ₹4,166.50 lakhs this quarter, highlighting a positive YoY trend. Expenses have also increased, with purchases, employee benefits, and other costs rising YoY as the business grows. However, the company has been able to manage these costs effectively, resulting in a YoY profit increase after tax, from ₹697.11 lakhs in June 2023 to ₹1,014.21 lakhs in June 2024.

E2E Networks’ Comparing QoQ, profit also improved significantly from ₹352.71 lakhs in March 2024. Earnings per share also saw a YoY rise, with basic EPS growing from ₹4.82 last year to ₹7.00 this quarter. E2E Networks shows strong financial growth, with positive YoY and QoQ performance.

Here is the summarized financial information from E2E Networks for the quarter ending June 30, 2024, presented in a simplified table format:

E2E Networks Stock Performance

E2E Networks has a market cap of ₹4,047 crore, which shows the total value of all its shares. Its current stock price is ₹2,794, with a 52-week high of ₹2,965 and a low of ₹321. The stock P/E ratio is 162, meaning the price is 162 times its earnings per share, which is quite high. The book value, or the company's net worth per share, is ₹49. It doesn't offer a dividend, so the yield is 0%. 

Here’s a breakdown of the financial data you provided:

Quarterly Results 

The financial performance of E2E Networks for the quarters of December 2023, March 2024, and June 2024 shows steady growth. In December 2023, the company had sales of Rs. 24 crores and an operating profit of Rs. 11 crores with a 47% operating margin. By March 2024, sales increased to Rs. 29 crores, and operating profit rose to Rs. 15 crores, with the margin improving to 52%. 

Here is the version with only the particulars for Dec 2023, Mar 2024, and Jun 2024:

About E2E Networks 

E2E Networks is a cloud computing company from India that focuses on providing advanced Cloud GPU solutions. It is listed on the National Stock Exchange (NSE) and is known for offering powerful GPUs like NVIDIA A100 and H100 to support high-performance computing. These Cloud GPUs are especially useful for advanced tasks such as artificial intelligence (AI), machine learning (ML), natural language processing (NLP), and computer vision.

E2E Networks aims to make cloud computing affordable and accessible. Their cloud platform follows the 5A principles: affordability, assistance, accessibility, accommodativeness, and the spirit of "Atmanirbhar Bharat" (self-reliant India). This means that E2E Networks not only provides cost-effective solutions but also supports India’s goal of becoming self-sufficient in technology. Their cloud services are designed for various sectors, including education, research institutions, businesses, and AI/ML startups.

The company is known for its contractless computing, which allows users to access cloud services without long-term commitments. E2E Networks has also been one of the first in India to offer low-latency cloud computing. By delivering these advanced solutions, E2E Networks is helping to position India as a leader in AI and ML technologies across industries and academia.