Nagreeka Capital & Infrastructure Q1 Results Total Revenue ₹22.09 Crores & ₹Operating income

Nagreeka Capital & Infrastructure Q1 Results: In the first quarter of 2024, Nagreeka Capital & Infra showed notable financial changes compared to the previous quarter and the same quarter last year. The company’s total revenue rose significantly by 119.16% quarter-on-quarter (QoQ), from ₹10.04 crores in March 2023 to ₹22.09 crores in June 2024. Year-over-year (YoY), the revenue increased by 63.15%, up from ₹13.54 crores in June 2023. This YoY growth reflects a strong performance compared to the same quarter last year.

Nagreeka Capital & Infrastructure‘s Operating income turned positive with a dramatic improvement of 2,925.00% QoQ, reaching ₹5.85 crores compared to a loss of ₹0.20 crores in the previous quarter. YoY, operating income surged by 226.47% from ₹1.79 crores in June 2023. Net income, however, saw a mixed picture. YoY, net income increased by 225.07% to ₹4.37 crores from ₹1.34 crores in the same quarter last year. 

Nagreeka Capital & Infrastructure was a decline from a huge loss of ₹38.00 crores in March 2023. Diluted normalized earnings per share (EPS) also improved significantly, rising by 109.87% QoQ and 226.42% YoY, reflecting a strong recovery and positive financial outlook year-over-year.

Here's a summary of Nagreeka Capital & Infra's Q1 results:

Source: Here 

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Nagreeka Capital & Infrastructure Q1 Results

Nagreeka Capital & Infrastructure's financial results for the quarter ending June 30, 2024, show how the company performed financially. For this period, the company earned a total revenue of ₹2,209.68 lakhs. This includes income from various sources like interest, sale of securities, dividends, rental income, and other operations. However, their total revenue from operations decreased compared to the previous quarter.

Nagreeka Capital & Infrastructure expenses for the quarter amounted to ₹1,624.84 lakhs, covering costs such as finance charges, purchasing stock, and employee salaries. They also accounted for changes in inventories and some depreciation. This left them with a profit before tax of ₹584.84 lakhs.

Nagreeka Capital & Infrastructure After accounting for taxes, which included a deferred tax expense, the company reported a profit after tax of ₹436.73 lakhs. The company did not have any exceptional items during this period.

In terms of other comprehensive income, there were small losses related to the remeasurement of defined benefit plans, but these did not significantly affect the overall results. The total comprehensive income, which includes these adjustments, was ₹436.55 lakhs.

Here is a combined table summarizing the unaudited financial results for Nagreeka Capital & Infrastructure for the quarter ended June 30, 2024:

Nagreeka Capital & Infrastructure Financial Metrics

The Nagreeka Capital & Infrastructure table provides key financial details. The company's market capitalization is ₹29.6 Crores, indicating its total value in the stock market. The current stock price is ₹23.5. It has reached a high of ₹31.5 and a low of ₹14.1 in recent trading. The Price-to-Earnings (P/E) ratio is very low at 1.81, which could suggest undervaluation. The book value of the stock is ₹2.04, and it does not offer any dividends. 

Here's the information in table format:

Quarterly Results 

Nagreeka Capital & Infrastructure shows financial data for three quarters: December 2023, March 2024, and June 2024. It details the company's sales, expenses, and profits. Sales were highest in March 2024 at ₹24.42 crores but decreased slightly to ₹22.10 crores by June 2024. Expenses increased significantly from ₹4.37 crores in December 2023 to ₹14.84 crores in June 2024.

Here's the data for December 2023, March 2024, and June 2024 with the particulars:

(Figures in Rs. Crores)

About Nagreeka Capital & Infrastructure 

Nagreeka Capital & Infrastructure is a company specializing in investment and development projects in the capital and infrastructure sectors. Founded to support and drive growth in these crucial areas, the company focuses on creating and managing high-value projects that contribute to economic development. Their work includes investing in infrastructure projects such as roads, bridges, and buildings, as well as in various capital ventures.

Nagreeka Capital & Infrastructure is known for its strong financial position and expertise in managing large-scale projects. Nagreeka Capital & Infrastructure is committed to delivering high-quality results through careful planning and execution. They aim to enhance infrastructure capabilities and support sustainable development. With a focus on innovation and efficiency, Nagreeka strives to make a significant impact on the communities and industries they serve. Their dedicated team and strategic approach ensure successful project outcomes and contribute to overall growth in the sector.