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- Innovana Thinklabs Q1 Results Revenue from Operations at ₹2,511.96 lakhs and Net Profit at ₹1,032.42 lakhs
Innovana Thinklabs Q1 Results Revenue from Operations at ₹2,511.96 lakhs and Net Profit at ₹1,032.42 lakhs
Innovana Thinklabs Q1 Results for FY 2024-25 showed a 15.5% QoQ increase in revenue from operations and a 16.8% YoY rise in net profit. Innovana Thinklabs Q1 Results also revealed a 33.6% QoQ growth in profit before tax despite a 38.1% QoQ decline in other income.
by Madhumitha
Updated Sep 11, 2024
Table of Content
Innovana Thinklabs Q1 Results: Innovana Thinklabs declared its Q1 results for the financial year 2024-2025 on 14 August 2024. The company reported a quarterly revenue from operations of ₹2,511.96 lakhs, showing a 15.5% quarter-on-quarter (QoQ) growth compared to ₹2,174.41 lakhs in the previous quarter.
However, the other income witnessed a significant decline of 38.1% QoQ, dropping from ₹431.86 lakhs in March 2024 to ₹267.01 lakhs in June 2024. The total income for the quarter stood at ₹2,778.97 lakhs, marking a modest 6.6% increase in QoQ from ₹2,606.27 lakhs.
On the expenses front, Innovana Thinklabs saw a slight increase in employee benefits, which grew by 6.1% QoQ to ₹354.85 lakhs. Other expenses, however, decreased by 16.3% QoQ to ₹582.46 lakhs from ₹695.88 lakhs.
The company’s profit before tax surged by 33.6% QoQ to ₹1,318.19 lakhs, and its net profit rose by 16.8% year-over-year (YoY) to ₹1,032.42 lakhs, compared to ₹883.76 lakhs in the same quarter last year. Earnings per share (EPS) for the quarter grew by 16.9% QoQ, reaching ₹5.04 from ₹4.31 in the previous quarter.
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Innovana Thinklabs Q1 Results 2024-2025
Innovana Thinklabs announced its financial results for Q1 of FY 2024-2025 on 14 August 2024.
| Particulars | Q1 2024-25 (30-Jun-24) | Q4 2023-24 (31-Mar-24) |
|---|---|---|
| Revenue from Operations | ₹2,511.96 lakhs | ₹2,174.41 lakhs |
| Other Income | ₹267.01 lakhs | ₹431.86 lakhs |
| Total Income | ₹2,778.97 lakhs | ₹2,606.27 lakhs |
| Employee Benefits Expense | ₹354.85 lakhs | ₹334.48 lakhs |
| Other Expenses | ₹582.46 lakhs | ₹695.88 lakhs |
| Profit Before Tax | ₹1,318.19 lakhs | ₹986.44 lakhs |
| Net Profit | ₹1,032.42 lakhs | ₹883.76 lakhs |
| Earnings per Share (EPS) (in ₹) | ₹5.04 | ₹4.31 |
Source: Click Here
Innovana Thinklabs Current Market Overview
Innovana Thinklabs is currently performing well in the stock market, with its share price closing at ₹500 on 10th September 2024. The company has a market capitalization of ₹1,025 crore, placing it among notable mid-sized firms. Over the past year, its stock price has fluctuated between a high of ₹738 and a low of ₹460.
With a price-to-earnings (P/E) ratio of 25.0, Innovana shows solid profitability. Additionally, the company boasts strong financial returns, including a return on capital employed (ROCE) of 35.1% and a return on equity (ROE) of 29.8%, indicating efficient use of its resources.
| Metric | Value |
|---|---|
| Current Share Price (10 Sep 2024) | ₹500 |
| Market Capitalization | ₹1,025 crore |
| 52-Week High / Low | ₹738 / ₹460 |
| Price-to-Earnings (P/E) Ratio | 25.0 |
| Book Value per Share | ₹79.7 |
| Dividend Yield | 0.05% |
| Return on Capital Employed (ROCE) | 35.1% |
| Return on Equity (ROE) | 29.8% |
| Face Value of Share | ₹10.0 |
Quarterly Results
The following table provides a summary of Innovana Thinklabs' consolidated financial results for the quarters ending December 2023, March 2024, and June 2024:
| Particulars | Dec 2023 | Mar 2024 | Jun 2024 |
|---|---|---|---|
| Sales (₹ Crores) | 26 | 22 | 25 |
| Expenses (₹ Crores) | 13 | 14 | 13 |
| Operating Profit (₹ Crores) | 13 | 7 | 12 |
| Operating Profit Margin (OPM%) | 49% | 34% | 49% |
| Other Income (₹ Crores) | 4 | 4 | 3 |
| Interest (₹ Crores) | 1 | 1 | 1 |
| Depreciation (₹ Crores) | 1 | 1 | 1 |
| Profit Before Tax (₹ Crores) | 15 | 10 | 13 |
| Tax (%) | 24% | 12% | 27% |
| Net Profit (₹ Crores) | 11 | 9 | 10 |
| Earnings per Share (EPS in ₹) | 5.51 | 4.17 | 4.95 |
About Innovana Thinklabs
Innovana Thinklabs is a technology company focused on developing innovative digital products and services that aim to shape the future. The company strives to create solutions that are sustainable and beneficial for everyone, including its employees, users, communities, and the environment.
With a strong emphasis on creativity, Innovana Thinklabs works across various sectors, delivering next-generation software, applications, and IT services. The company's mission is to drive positive change through its forward-thinking approach, while constantly evolving to meet the demands of the digital world.
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Innovana Thinklabs Q1 Results- FAQs
1. What is Innovana Thinklabs' revenue from operations for Q1 2024-25?
Innovana Thinklabs' revenue from operations for Q1 2024-25 is ₹2,511.96 lakhs.
2. How did Innovana Thinklabs' revenue from operations change from Q4 2023-24 to Q1 2024-25?
Innovana Thinklabs' revenue from operations increased from ₹2,174.41 lakhs in Q4 2023-24 to ₹2,511.96 lakhs in Q1 2024-25.
3. What was Innovana Thinklabs' total income in Q1 2024-25?
Innovana Thinklabs' total income in Q1 2024-25 was ₹2,778.97 lakhs.
4. How much did Innovana Thinklabs' other income drop in Q1 2024-25?
Innovana Thinklabs' other income dropped to ₹267.01 lakhs in Q1 2024-25 from ₹431.86 lakhs in Q4 2023-24.
5. What were Innovana Thinklabs' employee benefits expenses in Q1 2024-25?
Innovana Thinklabs' employee benefits expenses were ₹354.85 lakhs in Q1 2024-25.
6. How did Innovana Thinklabs' employee benefits expenses change from Q4 2023-24 to Q1 2024-25?
Innovana Thinklabs' employee benefits expenses increased from ₹334.48 lakhs in Q4 2023-24 to ₹354.85 lakhs in Q1 2024-25.
7. What were Innovana Thinklabs' other expenses in Q1 2024-25?
Innovana Thinklabs' other expenses were ₹582.46 lakhs in Q1 2024-25.
8. How did Innovana Thinklabs' other expenses change from Q4 2023-24 to Q1 2024-25?
Innovana Thinklabs' other expenses decreased from ₹695.88 lakhs in Q4 2023-24 to ₹582.46 lakhs in Q1 2024-25.
9. What is Innovana Thinklabs' profit before tax for Q1 2024-25?
Innovana Thinklabs' profit before tax for Q1 2024-25 is ₹1,318.19 lakhs.
10. How much did Innovana Thinklabs' profit before tax increase from Q4 2023-24 to Q1 2024-25?
Innovana Thinklabs' profit before tax increased from ₹986.44 lakhs in Q4 2023-24 to ₹1,318.19 lakhs in Q1 2024-25.