TAC Infosec Q1 Results Revenue ₹51.42 Crore & Net Profit ₹23.22 Crore

TAC Infosec Q1 Results

TAC Infosec Q1 Results: For the quarter ending June 30, 2024, TAC Infosec reported its financial performance. The company earned a total revenue of ₹51.42 crore. This revenue comes from two sources: ₹48.64 crore from its core operations and an additional ₹2.78 crore from other sources. To generate this revenue, TAC Infosec incurred various expenses. The total expenses amounted to ₹27.50 crore, which includes costs such as employee benefits (₹20.18 crore), finance costs (₹1.66 crore), depreciation and amortization (₹1.49 crore), and other operational expenses (₹4.18 crore).

After covering these expenses, TAC Infosec achieved a profit of ₹23.92 crore before accounting for any exceptional or extraordinary items and taxes. There were no exceptional or extraordinary items in this period. So, the profit before tax remained ₹23.92 crore. TAC Infosec had a tax expense of ₹0.70 crore, which includes current tax only, with no deferred tax.

TAC Infosec’s After paying the tax, the net profit for the period was ₹23.22 crore. The company had 10.48 crore shares outstanding, resulting in an earnings per share (EPS) of ₹2.22. This means each share earned ₹2.22 in profit during this quarter.

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

Source: Here 

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TAC Infosec Financial Performance

The TAC Infosec table shows important details about the company's financial health. The "Market Cap" of ₹802 Crores indicates the total value of the company's shares. The "Current Price" of ₹765 is the price of one share right now. The "High / Low" values of ₹900 and ₹261 show the highest and lowest prices the shares have reached. The "Stock P/E Ratio" of 127 tells us how much investors are willing to pay for each unit of earnings. 

Here’s the information in table format:

About TAC Infosec 

TAC Infosec, founded in 2013 by Trishneet Arora, is a leading cybersecurity company that focuses on protecting organizations from cyber threats. Arora, a school dropout who became a successful entrepreneur, started TAC Infosec with a vision to make cybersecurity accessible and effective for businesses of all sizes. The company provides a range of services, including vulnerability management and risk assessment, helping clients identify and fix security weaknesses before they can be exploited by attackers.

In its early years, TAC Infosec quickly gained recognition for its innovative solutions and strong performance. By 2016, it had secured backing from notable investors and won several awards. The company’s growth continued rapidly, earning accolades like Forbes Asia 30 Under 30 and Entrepreneur Magazine’s Deep Tech Startup of the Year. By 2021, TAC Infosec had expanded internationally, opening an office in San Francisco and forming partnerships with major firms like Tech Mahindra and IBM. 

TAC Infosec is known for its ESOF product suite, which offers comprehensive cybersecurity solutions. TAC Infosec has also been featured in major publications and recognized as a top player in the cybersecurity industry.