- Home »
- Quarterly Results »
- IB Infotech Enterprises Q1 Results Revenue Up 53.01% QoQ but Down 1.02% YoY
IB Infotech Enterprises Q1 Results Revenue Up 53.01% QoQ but Down 1.02% YoY
IB Infotech Enterprises Q1 Results saw significant growth with total revenue rising 53.01% QoQ to ₹2.34 crores but slightly down 1.02% YoY and net income before taxes increased by 90.49% QoQ to ₹0.41 crores, though it fell by 8.83% YoY.
by Ruksana
Updated Aug 28, 2024
Table of Content
IB Infotech Enterprises Growth Comparison
IB Infotech Enterprises Q1 Results: In the Q1 results for IB Infotech Enterprises, the company showed a significant increase in total revenue. For the quarter ending in June 2024, their revenue was ₹2.34 crores, which is a 53.01% increase from ₹0.61 crores in the previous quarter, but a small decrease of 1.02% from ₹2.36 crores a year ago. The company's selling, general, and administrative expenses were ₹0.16 crores, up 9.92% from ₹0.15 crores last quarter and 10.54% higher than ₹0.14 crores a year ago.
IB Infotech Enterprises’ depreciation and amortization expenses rose sharply to ₹0.07 crores, a 198.29% increase from ₹0.02 crores last quarter and 203.48% from the same quarter last year. Other operating expenses dropped by 48.58% to ₹0.07 crores from ₹0.14 crores last quarter and were down 47.23% year-over-year. The total operating expenses were ₹1.91 crores, an increase of 42.90% from the previous quarter but a slight decrease of 0.92% from a year ago.
IB Infotech Enterprises’ operating income grew by 121.92% to ₹0.43 crores, but it fell by 1.45% from the same quarter last year. Net income before taxes increased by 90.49% to ₹0.41 crores, while net income went up by 98.84% to ₹0.31 crores but fell by 8.10% year-over-year. The diluted normalized earnings per share (EPS) almost doubled to ₹2.42 from ₹1.08 last quarter but decreased by 7.98% compared to a year ago.
Here’s a summary of IB Infotech Enterprises’ Q1 results, with figures in crores:
|
Metric |
Jun 24 |
Mar 23 |
QoQ Change |
Jun 23 |
YoY Change |
|
Total Revenue |
2.34 |
0.61 |
+53.01% |
2.36 |
-1.02% |
|
Selling/General/Admin Expenses |
0.16 |
0.15 |
+9.92% |
0.14 |
+10.54% |
|
Depreciation/Amortization |
0.07 |
0.02 |
+198.29% |
0.02 |
+203.48% |
|
Other Operating Expenses |
0.07 |
0.14 |
-48.58% |
0.14 |
-47.23% |
|
Total Operating Expense |
1.91 |
0.43 |
+42.90% |
1.92 |
-0.92% |
|
Operating Income |
0.43 |
0.18 |
+121.92% |
0.44 |
-1.45% |
|
Net Income Before Taxes |
0.41 |
0.18 |
+90.49% |
0.45 |
-8.83% |
|
Net Income |
0.31 |
0.14 |
+98.84% |
0.34 |
-8.10% |
|
Diluted Normalized EPS |
2.42 |
1.08 |
+98.36% |
2.63 |
-7.98% |
Source: Here
For More Q1 Results check our Twitter Page
Visit our website for more Q1 results
IB Infotech Enterprises Q1 Results
The table provides a financial summary for IB Infotech Enterprises across different periods, including three months ending on June 30, 2024, the previous three months ending March 31, 2024, the same period last year ending June 30, 2023, and the full year ending March 31, 2024.
In the latest quarter, IB Infotech made ₹234.00 crore in total revenue, which includes ₹233.99 crore from sales and ₹0.02 crore from other income. This is an increase from the ₹154.91 crore in revenue reported in the previous quarter but slightly lower than ₹237.37 crore from the same quarter last year. The company’s main expense was ₹160.71 crore for materials, with additional costs for employee benefits, depreciation, and other expenses totaling ₹192.94 crore.
IB Infotech Enterprises profit before tax for this quarter was ₹41.07 crore, up from ₹21.56 crore in the previous quarter but down from ₹45.05 crore last year. After paying taxes, the net profit was ₹30.98 crore, higher than ₹15.58 crore last quarter but lower than ₹33.71 crore from the previous year. The earnings per share (EPS) for this period were ₹2.42, showing an increase from ₹1.22 last quarter and consistent with the same EPS last year.
Here's a simplified overview of financial results for the relevant periods:
|
Particulars |
Quarter Ended 30-Jun-24 |
Quarter Ended 31-Mar-24 |
Quarter Ended 30-Jun-23 |
Year Ended 31-Mar-24 |
|
I. Revenue |
||||
|
(a) Net Sales/Income from Operations |
233.99 |
152.92 |
236.39 |
583.43 |
|
(b) Other Income |
0.02 |
1.99 |
0.98 |
5.86 |
|
Total Revenue from Operations (a+b) |
234.00 |
154.91 |
237.37 |
589.28 |
|
IV. Expenditure |
||||
|
(a) Cost of Materials Consumed |
160.71 |
99.57 |
162.15 |
358.71 |
|
(b) Purchase of Stock in Trade |
||||
|
(c) Changes in Inventories of Finished Goods, Work-in-Progress, and Stock-in-Trade |
||||
|
(d) Employee Benefit Expenses |
15.62 |
17.34 |
14.13 |
61.12 |
|
(e) Finance Cost |
2.39 |
|||
|
(f) Depreciation and Amortization Expense |
6.98 |
2.34 |
2.30 |
9.28 |
|
(g) Other Expenses |
7.24 |
14.10 |
13.74 |
61.66 |
|
Total Expenses (a) to (g) |
192.94 |
133.35 |
192.32 |
490.76 |
|
V. Profit/(Loss) before Exceptional Items (III-IV) |
41.07 |
21.56 |
45.05 |
98.52 |
|
VI. Exceptional Items |
||||
|
VII. Profit/(Loss) before Tax (V-VI) |
41.07 |
21.56 |
45.05 |
98.52 |
|
VIII. Tax Expenses |
||||
|
(a) Current Tax |
10.58 |
5.59 |
10.98 |
23.90 |
|
(b) Deferred Tax |
(0.49) |
0.39 |
0.36 |
1.45 |
|
Total Tax Expenses |
10.09 |
5.98 |
11.34 |
25.35 |
|
Profit/(Loss) for the period from continuing operations (VII-VIII) |
30.98 |
15.58 |
33.71 |
73.17 |
|
IX. Profit/(Loss) for the period from discontinuing operations |
||||
|
X. Tax expenses of discontinued operations |
||||
|
XI. Profit/(Loss) for the period from discontinuing operations (after tax) (X-XI) |
||||
|
XII. Profit/(Loss) for the period (IX+XII) |
30.98 |
15.58 |
33.71 |
73.17 |
|
XIII. Other Comprehensive Income |
||||
|
A(i) Items that will not be reclassified to Profit or Loss |
||||
|
A(ii) Income Tax relating to items that will not be reclassified to Profit or Loss |
||||
|
B(i) Items that will be reclassified to Profit or Loss |
||||
|
B(ii) Income Tax relating to items that will be reclassified to Profit or Loss |
||||
|
Total Other Comprehensive Income (Net of Tax) |
||||
|
XV. Total Comprehensive Income for the Period (XIII+XIV) |
30.98 |
15.58 |
33.71 |
73.17 |
|
Earnings Per Equity Share (EPS) of Rs. 10/- each |
||||
|
(a) Basic (for continuing operations) |
2.42 |
1.22 |
2.63 |
5.71 |
|
(b) Diluted (for continuing operations) |
2.42 |
1.22 |
2.63 |
5.71 |
|
Earnings Per Equity Share (EPS) of Rs. 10/- each |
||||
|
(a) Basic (for discontinued operations) |
||||
|
(b) Diluted (for discontinued operations) |
||||
|
Earnings Per Equity Share (EPS) of Rs. 10/- each |
||||
|
(a) Basic (for continuing and discontinued operations) |
2.42 |
1.22 |
2.63 |
5.71 |
|
(b) Diluted (for continuing and discontinued operations) |
2.42 |
1.22 |
2.63 |
5.71 |
IB Infotech Enterprises Stock Metrics
IB Infotech Enterprises table provides key financial details. The company has a market capitalization of ₹29.4 Crores, which reflects the total value of its outstanding shares. The current stock price is ₹229, with a highest price of ₹245 and a lowest price of ₹88 over a certain period. The Price-to-Earnings (P/E) ratio is 41.4, indicating how much investors are willing to pay per unit of earnings.
Here's the information in a table format:
|
Metric |
Value |
|
Market Cap |
₹29.4 Crores |
|
Current Price |
₹229 |
|
High / Low |
₹245 / ₹88.0 |
|
Stock P/E |
41.4 |
|
Book Value |
₹13.7 |
|
Dividend Yield |
0.22% |
|
ROCE |
68.5% |
|
ROE |
50.5% |
|
Face Value |
₹10.0 |
Quarterly Results
IB Infotech Enterprises shows financial results for three specific periods: December 2023, March 2024, and June 2024. It includes key figures such as sales, expenses, operating profit, and net profit. Sales increased from 0.94 Crores in December 2023 to 2.34 Crores in June 2024, showing growth. Expenses also grew but at a slower rate.
Here's the data for Dec 2023, Mar 2024, and Jun 2024:
|
Particulars |
Dec 2023 |
Mar 2024 |
Jun 2024 |
|
Sales |
0.94 |
1.53 |
2.34 |
|
Expenses |
0.78 |
1.31 |
1.84 |
|
Operating Profit |
0.16 |
0.22 |
0.50 |
|
OPM % |
17.02% |
14.38% |
21.37% |
|
Other Income |
0.02 |
0.02 |
0.00 |
|
Interest |
0.00 |
0.00 |
0.02 |
|
Depreciation |
0.02 |
0.02 |
0.07 |
|
Profit before Tax |
0.16 |
0.22 |
0.41 |
|
Tax % |
27.27% |
26.83% |
|
|
Net Profit |
0.13 |
0.16 |
0.31 |
|
EPS (Rs) |
1.02 |
1.25 |
2.42 |
About IB Infotech Enterprises
IB Infotech Enterprises is a public company that focuses on providing information technology (IT) services. Originally known as Indian Beverages, the company was established on December 7, 1987, and changed its name in 2000. The company offers a wide range of IT and electronic services, including software development, hardware sales, web design, and data management.
In recent years, IB Infotech has expanded its business to include trading agricultural products and has worked hard to pay off all its debts. Now, the company is debt-free and is focused on growing its business and finding new projects that will benefit its shareholders.
IB Infotech Enterprises’ one of its major projects is setting up a 100% Export Oriented Unit (EOU) in Kerala, India, to produce and export coconut-based products like coconut water and juice. This project is being developed in collaboration with Harlen Fine Foods (HFF) from Singapore. The company has also started offering new products under the "Harlen Brand" and is opening new branches in cities like Agra, Jaipur, Delhi, and Jammu to expand its market reach. Despite facing challenges from slow economic growth, IB Infotech is carefully planning its future growth.
IB Infotech Enterprises Q1 Results - FAQs
1. What was IB Infotech Enterprises' total revenue for Q1 2024?
IB Infotech Enterprises reported a total revenue of ₹2.34 crores for Q1 2024.
2. How did IB Infotech Enterprises' revenue in Q1 2024 compare to the previous quarter?
IB Infotech Enterprises' revenue increased by 53.01% from the previous quarter.
3. What are the selling, general, and administrative expenses for IB Infotech Enterprises in Q1 2024?
IB Infotech Enterprises had selling, general, and administrative expenses of ₹0.16 crores in Q1 2024.
4. How did IB Infotech Enterprises' depreciation and amortization expenses change in Q1 2024?
IB Infotech Enterprises' depreciation and amortization expenses rose by 198.29% in Q1 2024.
5. What was the total operating expense for IB Infotech Enterprises in Q1 2024?
IB Infotech Enterprises' total operating expenses were ₹1.91 crores in Q1 2024.
6. How did IB Infotech Enterprises' operating income in Q1 2024 compare to the previous quarter?
IB Infotech Enterprises' operating income grew by 121.92% from the previous quarter.
7. What was the net income before taxes for IB Infotech Enterprises in Q1 2024?
IB Infotech Enterprises' net income before taxes increased to ₹0.41 crores in Q1 2024.
8. How did IB Infotech Enterprises' net income change in Q1 2024 compared to the same quarter last year?
IB Infotech Enterprises' net income decreased by 8.10% compared to Q1 2023.
9. What was the diluted normalized EPS for IB Infotech Enterprises in Q1 2024?
IB Infotech Enterprises' diluted normalized EPS was ₹2.42 in Q1 2024.
10. How did IB Infotech Enterprises' total expenses in Q1 2024 compare to the previous quarter? .
IB Infotech Enterprises' total expenses increased by 42.90% from the previous quarter.
11. What was the change in other operating expenses for IB Infotech Enterprises in Q1 2024?
IB Infotech Enterprises' other operating expenses decreased by 48.58% in Q1 2024