G-Tec Janix Education Q1 Results Downfall at Total Revenue of ₹2.46 crores & Selling expenses ₹0.48 crores

G-Tec Janix Education Q1 Results: The G-Tec Jainx Education Q1 results for June 2024 show important financial information. The total revenue for this quarter is ₹2.46 crores, which is a 39.49% increase compared to ₹2.20 crores in the previous quarter (QoQ). However, when looking year-over-year (YoY), the revenue has decreased by 4.23% from ₹2.57 crores in June 2023. Selling, general, and administrative expenses rose to ₹0.48 crores, marking an increase of 48.49% quarter-on-quarter (QoQ) from ₹0.41 crores last quarter, and a YoY increase of 11.77% from ₹0.43 crores in June 2023.

G-Tec Janix Education’s Operating income dropped to ₹0.23 crores, which is a 27.58% decline YoY from ₹0.31 crores. Net income also saw a significant YoY decrease, falling to ₹0.17 crores, down 31.27% from ₹0.25 crores in the same quarter last year. This indicates a challenging environment for the company, despite some gains in revenue. Overall, while the quarter-on-quarter (QoQ) performance shows some improvements in revenue, the year-over-year (YoY) comparisons reflect a decline in profitability and increased costs, highlighting the need for better financial management moving forward.

Here’s a summary of the G-Tec Jainx Education Q1 results for June 2024 in very simple English, with the data presented in a table format:

(All figures in crores except per share values)

Source: Here 

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G-Tec Janix Education Q1 Results

The G-Tec Janix Education table provides a detailed overview of the company’s financial performance for specific quarters and the entire year. It includes important figures such as revenue, profit, expenses, and earnings per share.

G-Tec Janix Education’s latest quarter, which ended on June 30, 2024, the company earned ₹163.45 lakhs from its operations, slightly higher than ₹160.25 lakhs earned during the same quarter last year. Additionally, the company reported other income of ₹0.11 lakhs, leading to a total revenue of ₹163.56 lakhs for the quarter.

G-Tec Janix Education’s expenses totaled ₹148.16 lakhs, which includes costs related to employee salaries, finance, and other operational costs. This resulted in a profit before tax of ₹15.40 lakhs. After accounting for tax expenses of ₹4.00 lakhs, the net profit for the quarter was ₹11.39 lakhs, showing an increase compared to the previous quarter.

For the year ending March 31, 2024, G-Tec Janix Education had total revenue of ₹609.88 lakhs and a net profit of ₹88.94 lakhs. The earnings per share, which indicates how much profit is allocated to each share of the company, were ₹0.11 for the latest quarter. Overall, the financial results indicate a positive trend in the company's performance.

Here’s a summarized table of the financial results:

(in Lakhs except per share data)

G-Tec Janix Education Financial Metrics

G-Tec Janix Education is a company with a market capitalization of ₹59.9 crore, meaning it is valued at this amount in the stock market. The current price of its shares is ₹58.8. Over the past year, the stock reached a high of ₹141 and a low of ₹56.1. The company's book value, which reflects its assets minus liabilities, is ₹4.65 per share. It does not pay any dividends, indicated by a dividend yield of 0.00%. The return on capital employed (ROCE) is 2.70%, showing how effectively it uses its capital, while the return on equity (ROE) is -2.43%, indicating a loss for shareholders.

Here's the financial information you provided in a structured table format:

Quarterly Results 

For G-Tec Janix Education in December 2023, March 2024, and June 2024, the sales figures were 2.01 crores, 1.76 crores, and 2.46 crores, respectively. This shows a decrease in March but a strong increase in June, indicating growth. Expenses rose from 1.91 crores in December to 2.04 crores in March, then slightly decreased to 2.18 crores in June. The operating profit was 0.10 crores in December, but it dropped to -0.28 crores in March, showing a loss. However, in June, it recovered to 0.28 crores. 

Here’s the transposed data for December 2023, March 2024, and June 2024, focusing only on the specific particulars:

(Rs. in Crores)

About G-Tec Janix Education

G-TEC JAINx Education is a well-known organization that helps people succeed in the education field, especially in IT. With over 28 years of experience, we operate in more than 19 countries, offering many courses that are important for today's job market.

G-TEC JAINx Education goal is to provide high-quality education and help students gain the skills they need to do well in a competitive world. We are proud of our international recognition and work hard to ensure our courses meet industry standards. At G-TEC JAINx Education, we believe in nurturing every individual's potential for a bright future.