Empower India Q1 Results Revenue ₹38.00 Crore, Operating Income ₹2.12 Crore, Net Profit ₹2.12 Crore

Empower India Quarterly Growth Report 

Empower India Q1 Results: Empower India’s financial results show significant changes compared to previous periods for the quarter ending June 2024. The company’s total revenue jumped dramatically to ₹38.00 crore from ₹1.98 crore in the previous quarter, a huge increase of 996.57% year-over-year (YoY). However, this represents a decrease of 56.32% compared to the previous quarter. 

Empower India's operating expenses also decreased sharply to ₹35.88 crore from ₹1.95 crore last quarter, a drop of 59.05%, but increased significantly by 1071.99% YoY. Despite these changes, Empower India managed to improve its operating income to ₹2.12 crore, a significant increase from ₹0.02 crore in the previous quarter and a 425.43% rise from the same period last year. 

Empower India’s Net income before taxes and net income both stood at ₹2.12 crore, showing a small decrease of around 14.93% QoQ but a large increase of 425.39% YoY. The diluted normalized earnings per share (EPS) rose to ₹0.02 from ₹0.00 in the previous quarter, reflecting a 418.73% increase from the same quarter last year. Overall, while there were some quarterly decreases, the company saw impressive YoY growth in revenue, income, and EPS.

Here's a summary of Empower India's Q1 financial results for June 2024, compared to previous periods:

Source: Here 

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Empower India Q1 Results

Empower India reported an increase in total income compared to the previous quarter and the same quarter last year for the quarter ending June 30, 2024. Their  revenue from operations for this quarter was Rs. 679.001 lakhs, which is significantly higher than the Rs. 346.577 lakhs earned in the same quarter last year. 

Empower India is lower compared to the Rs. 6677.290 lakhs earned in the previous quarter. Other income for the current quarter was nil, similar to the same quarter last year, but less than Rs. 322.734 lakhs reported last quarter. 

Empower India’s Total expenses for the quarter amounted to Rs. 590.257 lakhs, which is lower compared to Rs. 6822.022 lakhs in the previous quarter but higher than Rs. 305.525 lakhs from the same quarter last year. The company made a profit before tax of Rs. 88.744 lakhs, showing a positive performance compared to Rs. 41.052 lakhs in the same quarter last year. 

The net profit after tax was Rs. 88.744 lakhs, which is an increase from Rs. 41.052 lakhs in the previous year. There were no exceptional items or profits from discontinued operations reported.

Here's a summary of Empower India unaudited standalone financial results for the quarter ended June 30, 2024:

Empower India Stock Performance

Empower India table provides key financial details. The company has a market capitalization of ₹277 crore, which means the total value of all its shares is this amount. The current price of one share is ₹2.38. The highest price in the recent period was ₹3.86, while the lowest was ₹0.72.

Here's the information in table format:

Quarterly Results 

The Empower India table shows the company’s financial results for three quarters: December 2023, March 2024, and June 2024. In December 2023, the company had sales of 17.12 crores and expenses of 13.76 crores, leading to a profit of 3.36 crores with an Operating Profit Margin (OPM) of 19.63%. 

Here are the quarterly results for December 2023, March 2024, and June 2024:

About Empower India 

Empower India is dedicated to changing how digital solutions are delivered. We aim to create virtual environments that provide practical, real-time solutions for everyday problems. Our approach focuses on using digital technology in a way that increases productivity and drives innovation. We believe in leading the way rather than just following trends. 

To truly understand our Empower India’s potential, it is essential to continually upgrade our methods and stay ahead of the curve. Our team combines deep research and practical experience to offer complete services that help clients develop and implement new ideas and strategies.

We are passionate about learning and improving our customer service by considering client feedback and making meaningful advances in our field. At Empower India, we are committed to evolving with the digital landscape and helping our clients do the same, ensuring they stay at the forefront of technological advancements.