Response Informatics Q1 Results Total Revenue ₹9.68 Crores & Operating Expenses ₹8.90 Crores

Response Informatics Q1 Results: The Response Informatics Q1 financial results show how the company's performance has changed compared to the previous quarter and the same quarter last year. In the quarter ending June 2024, the company's total revenue was ₹9.68 crores. This is a decrease of 13.83% compared to the previous quarter (March 2024), which had a revenue of ₹11.24 crores. 

Compared to the same quarter last year (June 2023), the revenue has increased by 13.09%, as it was ₹8.56 crores then. The company's operating expenses in this quarter were ₹8.90 crores, which is 15.50% lower than the previous quarter’s ₹10.53 crores. Year-over-year, the operating expenses have increased by 13.30% compared to ₹7.86 crores from last year.

Response Informatics’ net income for this quarter was ₹0.46 crores, which is 25.81% lower than the previous quarter's ₹0.62 crores. However, the net income has increased by 9.29% year-over-year from ₹0.42 crores last year. The diluted normalized EPS (Earnings Per Share) decreased by 25.30% compared to the previous quarter but increased by 11.42% year-over-year. Overall, while some metrics showed improvement year-over-year, others saw a decline both quarter-on-quarter and year-over-year.

Here is a summary of Response Informatics' Q1 results:

(₹ in Crores)

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Response Informatics Q1 Results

Response Informatics reported their financial performance for the quarter ending June 30, 2024. The company earned 250.52 lakhs from its main business activities, which is a bit more than the 250.97 lakhs earned in the previous quarter but higher than the 214.58 lakhs from the same quarter last year. They also had some extra income of 0.29 lakhs last quarter, but there was no extra income this quarter. After adding the main earnings and extra income, the total income for this quarter was 250.52 lakhs, almost the same as the 251.26 lakhs from the last quarter but higher than 214.58 lakhs from a year ago.

Response Informatics’ total expenses were 233.28 lakhs this quarter, lower than 268.55 lakhs last quarter but higher than 205.03 lakhs a year ago. Expenses include salaries, finance costs, depreciation, and other costs. After subtracting these expenses from the total income, the company had a profit of 17.24 lakhs before exceptional items and taxes, improving from a loss last quarter. After accounting for taxes and some special items, the company ended with a profit of 9.50 lakhs. The earnings per share were 0.12 rupees, which is a slight improvement compared to the last quarter. The total equity capital remains the same as last quarter at 818.95 lakhs.

Here's a simplified summary of the financial results for Response Informatics for the quarter ended June 30, 2024:

Response Informatics Financial Performance

The table shows financial details about Response Informatics. The company is valued at ₹60.6 Crores in the stock market. Its current share price is ₹74.00. The highest price it reached was ₹94.4, and the lowest was ₹28.9. The price-to-earnings ratio (P/E) is 25.8, which helps investors understand if the stock is overpriced or not. The book value of each share is ₹10.2, indicating the company's net asset value. It does not offer dividends, as the yield is 0.00%. 

Here is the financial data in table format:

Quarterly Results 

The table shows the company's financial performance over three quarters: December 2023, March 2024, and June 2024. In December 2023, the company had sales of ₹8.34 crore and an operating profit of ₹0.04 crore, but its expenses were close to its sales, leading to a small profit margin of 0.48%. By March 2024, sales dropped to ₹6.07 crore, and the company faced a loss of ₹1.07 crore, causing a negative profit margin of -17.63%. 

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

About Response Informatics 

Response Informatics is a well-known global company that provides technology and management consulting services. We started in 1996 with a simple goal: to help businesses grow by using the best technology and practices. Originally, we focused on management consulting and staffing solutions, but we quickly expanded. 

Response Informatics offer a wide range of services, including developing software and applications for businesses. Our expertise goes beyond just offering advice; we create advanced solutions in areas like Blockchain, Artificial Intelligence, Data Analytics, Robotic Process Automation, and the Internet of Things. We aim to provide businesses with the tools and knowledge they need to succeed in today's fast-paced, technology-driven world.