iValue Infosolutions Reports Q1 Results: Consolidated Revenue at Rs 22,790 Lakhs
iValue Infosolutions Limited announced its Q1 FY2024 results, showing strong growth. Consolidated revenue increased by 16.40% to Rs 22,790.00 lakhs, while profit after tax rose by 13.10% to Rs 1,036.00 lakhs compared to Q1 of the previous year. Standalone revenue grew by 12.90% to Rs 21,457.00 lakhs, with a 4.80% increase in profit after tax. The company, which recently listed on BSE and NSE, operates in hardware and software & allied support services, with a presence in India, Singapore, Kenya, and Bangladesh.
*this image is generated using AI for illustrative purposes only.
iValue Infosolutions Limited, a provider of hardware and software & allied support services, has announced its unaudited financial results for the first quarter ended June 30. The company, which recently listed on the BSE and NSE on September 25, has shown growth in revenue and profit compared to the same quarter last year.
Consolidated Financial Highlights
| Particulars (in Lakhs) | Q1 | Q1 PY | YoY Change |
|---|---|---|---|
| Revenue from Operations | 22,790.00 | 19,586.00 | 16.40% |
| Profit After Tax | 1,036.00 | 916.00 | 13.10% |
| EPS (Basic) in INR | 1.92 | 1.79 | 7.30% |
The company's consolidated revenue from operations for Q1 stood at Rs 22,790.00 lakhs, marking a 16.40% increase from Rs 19,586.00 lakhs in the same quarter of the previous year. The consolidated profit after tax also saw a rise of 13.10%, reaching Rs 1,036.00 lakhs compared to Rs 916.00 lakhs in Q1 of the previous year.
Standalone Performance
On a standalone basis, iValue Infosolutions reported:
| Particulars (in Lakhs) | Q1 | Q1 PY | YoY Change |
|---|---|---|---|
| Revenue from Operations | 21,457.00 | 18,998.00 | 12.90% |
| Profit After Tax | 1,017.00 | 970.00 | 4.80% |
| EPS (Basic) in INR | 1.88 | 1.81 | 3.90% |
The standalone revenue showed a growth of 12.90% year-over-year, while the profit after tax increased by 4.80%.
Business Segment and Operations
iValue Infosolutions primarily operates in a single business segment of providing hardware and software & allied support services. The company's management identifies this as a single operating segment for resource allocation and performance assessment.
Financial Management
The company's financial results indicate effective management of expenses, with total expenses on a consolidated basis increasing to Rs 22,122.00 lakhs in Q1 from Rs 18,491.00 lakhs in Q1 of the previous year. This represents a controlled increase in expenses relative to the growth in revenue.
Market Presence
iValue Infosolutions has a presence beyond India, with operations in countries including Singapore, Kenya, and Bangladesh. The company's global footprint contributes to its consolidated financial performance.
Conclusion
iValue Infosolutions Limited has demonstrated growth in both revenue and profitability in the first quarter. The company's recent listing on major stock exchanges and its expanding international presence position it for potential future growth in the technology services sector.
Investors and stakeholders may find these results encouraging, particularly given the company's ability to increase profits alongside revenue growth. However, it's important to note that these are quarterly results and may not necessarily indicate long-term trends.
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