Likhitha Infrastructure Q1 Results Revenue ₹125.03 Crores & Operating Income ₹22.23 Crores

Likhitha Infrastructure Q1 Results: The quarterly results for Likhitha Infrastructure show significant financial changes. For the quarter ending in June 2024 (Jun 24), the company achieved a total revenue of ₹125.03 crores. This is an increase of 2.24% compared to the previous quarter (Mar 23), which had a revenue of ₹117.25 crores. Year-over-year (YoY), the revenue is up by 38.61% from ₹90.20 crores in June 2023 (Jun 23).

Likhitha Infrastructure saw a decrease in Selling/General/Admin Expenses, which fell by 20.60% from ₹8.86 crores in the previous quarter to ₹6.98 crores in Jun 24. YoY, this expense is down by 21.08% from ₹8.85 crores in Jun 23. Depreciation and amortization costs increased by 32.45% QoQ, from ₹1.51 crores to ₹2.00 crores, and by 38.55% YoY from ₹1.44 crores.

Likhitha Infrastructure’s Operating income grew by 1.51% QoQ from ₹21.90 crores to ₹22.23 crores, and YoY, it is up by 14.05% from ₹19.49 crores. Net income saw an 8.00% increase QoQ from ₹15.80 crores to ₹17.07 crores and is up by 7.83% YoY from ₹15.83 crores. The diluted normalized EPS rose by 2.61% QoQ and 7.89% YoY, reflecting overall growth in profitability.

Here are the Q1 results for Likhitha Infrastructure:

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Likhitha Infrastructure Q1 Results

Likhitha Infrastructure reported financial results showing strong performance for the quarter ended June 30, 2024. Their revenue from operations reached ₹12,502.78 lakh, consistent across both standalone and consolidated figures. Other income added ₹126.38 lakh, leading to a total income of ₹12,629.16 lakh.

Likhitha Infrastructure’s Expenses included costs for materials and contract execution, which were significant at ₹2,787.20 lakh and ₹8,660.68 lakh, respectively. There was a decrease in inventory value, which impacted the overall expenses, but employee benefits and other costs remained steady. The total expenses were ₹10,324.69 lakh.

Likhitha Infrastructure’s profit before tax was ₹2,304.48 lakh, reflecting a solid performance. After accounting for current and deferred taxes, the net profit for the quarter was ₹1,707.18 lakh. The other comprehensive income, which includes items not affecting profit, was slightly negative at ₹(1.44) lakh. The total comprehensive income, which combines profit and other comprehensive income, was ₹1,708.74 lakh. The company maintained a paid-up equity share capital of ₹1,972.50 lakh, with earnings per share at ₹4.33, indicating consistent profitability.

Here is a simplified table of the unaudited financial results for Likhitha Infrastructure for the quarter ended June 30, 2024:

{All amounts are in INR lakh except share data and unless otherwise stated)

Likhitha Infrastructure Financial Performance

Likhitha Infrastructure's financial table shows important details about the company’s stock and performance. The market cap is ₹1,627 Crores, indicating the company's total value on the stock market. The current stock price is ₹412, which is between its highest price of ₹497 and lowest price of ₹230 over a certain period. The Price-to-Earnings (P/E) ratio is 24.2, showing how much investors are willing to pay for each unit of earnings. 

Here’s the information in a table format:

Quarterly Results 

Likhitha Infrastructure’s table shows financial results for December 2023, March 2024, and June 2024. In December 2023, sales were Rs. 101 crores, with expenses at Rs. 77 crores, leading to an operating profit of Rs. 24 crores and a profit margin of 24%. By March 2024, sales increased to Rs. 122 crores, with higher expenses of Rs. 94 crores, but operating profit rose to Rs. 28 crores, and the profit margin remained at 23%. 

Here's the table for December 2023, March 2024, and June 2024:

About Likhitha Infrastructure 

Likhitha Infrastructure is a company that started in 1998, specializing in laying pipelines for oil and gas. Their main services include building long-distance pipelines, setting up city gas distribution systems, and maintaining these services. They work on projects that involve creating pipelines across large areas and installing gas distribution systems, including CNG stations.

The company was founded by Mr. Gaddipati Srinivasa Rao, who has over 30 years of experience in this field. His expertise and leadership have helped the company grow and succeed. Likhitha Infrastructure is known for delivering high-quality work on time.

With more than 20 years of experience, Likhitha operates in many states across India, including Karnataka, Delhi, West Bengal, and Gujarat. They were the first Indian company to complete a Trans-National Hydrocarbon Pipeline Project between India and Nepal. The company is certified with ISO 9001:2015, which shows they meet international standards for quality in pipeline design and construction.