Silverline Technologies Reports Remarkable Q1 Results with 13,100% Revenue Surge
Silverline has reported exceptional Q1 results with revenue soaring to ₹100.09 crore from ₹0.76 crore in the previous year's Q1. Net profit jumped to ₹11.15 crore from ₹0.02 crore, while EPS increased to ₹7.15 from ₹0.03. The company also showed strong quarter-on-quarter growth with a 210% increase in revenue. The Board approved these unaudited standalone financial results on August 14, and the company's auditors have issued a Limited Review Report. A technical glitch that initially delayed the uploading of results has been resolved.
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SILVERLINE has reported a spectacular performance for the first quarter, showcasing exponential growth in both revenue and profitability.
Financial Highlights
- Revenue: ₹100.09 crore, up from ₹0.76 crore in Q1 of the previous year
- Net Profit: ₹11.15 crore, compared to ₹0.02 crore in the same quarter last year
- Earnings Per Share (EPS): ₹7.15, a significant increase from ₹0.03 in Q1 of the previous year
Quarter-on-Quarter Growth
The company has also demonstrated strong sequential growth, with revenue increasing from ₹32.26 crore in the previous quarter to ₹100.09 crore, marking a 210% quarter-on-quarter increase.
Financial Results Overview
| Particulars (in ₹ crore) | Q1 | Q4 | Q1 (Previous Year) | Previous FY |
|---|---|---|---|---|
| Revenue from Operations | 100.09 | 32.26 | 0.76 | 633.71 |
| Net Profit | 11.15 | 0.45 | 0.02 | (0.43) |
| EPS (in ₹) | 7.15 | 0.29 | 0.03 | (0.27) |
Operational Insights
The company's performance indicates a significant turnaround from the previous fiscal year. The substantial increase in revenue suggests a possible expansion of operations or securing of major contracts. However, specific details about the drivers behind this growth were not provided in the financial results.
Board Meeting and Audit Review
The Board of Directors approved the unaudited standalone financial results for Q1 at their meeting on August 14. The company's auditors, M/s S. Parth & Co, Chartered Accountants, have issued a Limited Review Report for the financial statements.
Technical Glitch Resolved
Silverline experienced a technical issue that initially delayed the uploading of results to the stock exchange website. The company has confirmed that this issue has been resolved, and the financial results have been successfully uploaded.
Management Comment
While specific management comments were not provided, the remarkable financial performance speaks to a potentially transformative period for Silverline.
As the company continues to demonstrate such significant growth, investors and market analysts will likely be watching closely to see if this trend can be sustained in the coming quarters.
Note: All financial figures are based on standalone results as reported by the company.
Historical Stock Returns for SILVERLINE
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.98% | +3.94% | -27.24% | -6.88% | +172.54% | +214.53% |
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