Punjab Commun. Q1 Results: The Company Reported a Loss Before Tax of Rs 133.55 lakhs

For the first quarter of 2024, Punjab Communications reported a total revenue of Rs. 508.88 lakhs. This figure is lower compared to Rs. 749.75 lakhs reported in the previous quarter, but similar to Rs. 503.27 lakhs reported in the same quarter last year. The decrease in revenue from the previous quarter suggests a slowdown or reduced activity during this period.

Expenses for the quarter were significant, totaling Rs. 855.62 lakhs, which includes costs such as materials, stock purchases, employee benefits, and other operational costs. The major expense was employee benefits, amounting to Rs. 355.81 lakhs. Due to these high expenses, the company reported a loss before tax of Rs. 133.55 lakhs. This loss is a reversal from the profit of Rs. 1,501.73 lakhs reported in the previous quarter.

The company's earnings per share (EPS) were negative at -1.11 for this quarter, compared to a positive EPS of 12.49 in the previous quarter. This reflects the financial challenges faced during this period. The comprehensive income, including adjustments, was positive at Rs. 1.43 lakhs. The paid-up equity share capital remained steady at Rs. 1,202.36 lakhs.

Source: Here 

Punjab Commun. Q1 Results

The company is experiencing financial challenges this quarter, but there are signs of potential improvement.

Here is the Q1 Results 

Punjab Communications Limited

Punjab Communications Limited (Puncom) is a top company in India that provides telecom and IT equipment and solutions. Founded in 1981, the company has grown to become a leader in its field, offering advanced technology products and services. Puncom is ISO 9001:2015 certified, which meets high standards for quality management.

The company makes various telecom equipment like multiplexers, power plant systems, and other important devices used in communication networks. They also provide IT and software solutions, manage complete projects from start to finish, and offer repair and maintenance services. Their manufacturing facility is in Mohali, near Chandigarh, and it is equipped with modern technology for producing high-quality equipment.

Puncom employs around 188 people, including 46 engineers. They have a large production area of 190,000 square feet, with a standby power generation capacity of 3 MW to ensure operations run smoothly.