Indo-City Infotech Reports Significant Turnaround with Rs 43.61 Lakh Profit in Q1

1 min read Updated on 25 Jul 2025, 09:35 PM

Reviewed by

Radhika SScanX News Team

Overview

Indo-City Infotech Limited has reported a remarkable financial turnaround in Q1, posting a net profit of Rs 43.61 lakhs compared to a loss of Rs 42.25 lakhs in the previous quarter. Total income increased to Rs 71.35 lakhs from Rs 30.85 lakhs, driven by revenue from operations of Rs 64.29 lakhs. Key revenue streams included interest income of Rs 6.48 lakhs and sale of shares and securities at Rs 57.53 lakhs. The company's EPS stood at Rs 0.42. The board approved these results on July 25, and the statutory auditors conducted a limited review, finding no issues with the financial statements.

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Indo-City Infotech Limited has reported a remarkable turnaround in its financial performance for the first quarter. The company's unaudited standalone financial results showcase a significant improvement in both profitability and revenue.

Profit Surge

The Mumbai-based company posted a net profit of Rs 43.61 lakhs for the quarter, marking a substantial recovery from the net loss of Rs 42.25 lakhs reported in the previous quarter. This turnaround represents a positive shift in the company's financial health.

Revenue Growth

Total income for the quarter saw a considerable increase, rising to Rs 71.35 lakhs from Rs 30.85 lakhs in the prior quarter. This growth was primarily driven by a surge in revenue from operations, which reached Rs 64.29 lakhs.

Key Revenue Streams

The company's revenue was primarily composed of two main streams:

Interest income: Rs 6.48 lakhs
Sale of shares and securities: Rs 57.53 lakhs

The significant contribution from the sale of shares and securities indicates the company's active participation in financial markets during the quarter.

Earnings Per Share

Reflecting the improved performance, the basic and diluted earnings per share (EPS) stood at Rs 0.42 for the quarter.

Board Approval and Disclosure

The board of directors of Indo-City Infotech Limited approved these results at a meeting held on July 25. The meeting, which commenced at 5:15 PM and concluded at 7:45 PM, also saw the approval of the unaudited Standalone Financial Results along with the Limited Audit Review from the company's statutory auditors.

Capital Structure

The company's paid-up equity share capital remains unchanged at Rs 1,040.00 lakhs, with shares having a face value of Rs 10 each.

Auditor's Review

A S A T & Associates, the company's statutory auditors, conducted a limited review of the financial results. They reported that nothing has come to their attention that causes them to believe that the financial statements are not prepared in accordance with applicable accounting standards and RBI guidelines.

The positive first-quarter results mark a promising start for Indo-City Infotech Limited, indicating a potential for sustained growth if the company maintains its current trajectory.

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