Panabyte Technologies Limited reported a net loss of Rs 13.09 crore for Q1 ending June 30, compared to a profit of Rs 1.61 crore in the same quarter last year. Revenue from operations grew by 94% to Rs 186.30 crore, but total expenses increased by 110.7% to Rs 211.08 crore. The company issued 3,50,000 convertible warrants to promoters at Rs 48 per warrant, with Rs 42 lakh received as upfront payment. Management is focusing on optimizing cost structure while investing in growth opportunities.
Panabyte Technologies Limited (PTL) has won a Comprehensive Annual Maintenance Contract (CAMC) for CCTV systems at Mumbai Aviation Fuel Farm Facility Private Limited (MAFFFL). The contract is valued at ₹36.18 lakh and will run for 4 years from the date of the Letter of Award. This win showcases PTL's expertise in security system maintenance and its growing presence in the aviation infrastructure sector. The company has confirmed that this is not a related party transaction and that its promoters have no interest in MAFFFL.