Subex Ltd has reported financial results for the period ended June 30, 2021.
Financial Results (Q1 FY 2021-22) - QoQ Comparison
The company has reported total income of Rs.87.31 crores during the period ended June 30, 2021 as compared to Rs.97.88 crores during the period ended March 31, 2021.
The company has posted net profit / (loss) of Rs.13.48 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.15.60 crores for the period ended March 31, 2021.
The company has reported EPS of Rs.0.24 for the period ended June 30, 2021 as compared to Rs.0.28 for the period ended March 31, 2021.
|
Total Income | ₹ 87.31 crs | ₹ 97.88 crs | -10.8% |
Net Profit | ₹ 13.48 crs | ₹ 15.60 crs | -13.59% |
EPS | ₹ 0.24 | ₹ 0.28 | -14.29% |
Financial Results (Q1 FY 2021-22) - YoY ComparisonThe company has reported total income of Rs.87.31 crores during the period ended June 30, 2021 as compared to Rs.89.66 crores during the period ended June 30, 2020.
The company has posted net profit / (loss) of Rs.13.48 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.15.16 crores for the period ended June 30, 2020.
The company has reported EPS of Rs.0.24 for the period ended June 30, 2021 as compared to Rs.0.28 for the period ended June 30, 2020.
|
Total Income | ₹ 87.31 crs | ₹ 89.66 crs | -2.62% |
Net Profit | ₹ 13.48 crs | ₹ 15.16 crs | -11.08% |
EPS | ₹ 0.24 | ₹ 0.28 | -14.29% |
Commenting on the results, Vinod Kumar, Managing Director & CEO, Subex, said: "Businesses are still coming to terms with the uncertainty brought in by the second wave of COVID-19, and this has had some bearing on our ability to deliver projects as several Subexians were infected during Q1. Even though the project delivery delays had negatively impacted our Q1 revenues, we will be able to get to our growth targets in the coming quarters.
At Subex, our focus has been on fostering sustainable innovation translating into a profitable portfolio that is future proof. Towards this we launched HyperSense which is a no-code Al platform that enables enterprises to achieve accelerated growth through Al. It was very well received by the market, and we are in advanced stages of engagement with multiple operators. Additionally, we have also witnessed some notable wins for our newer offerings of IoT/OT Security and Identity Analytics. With markets fully opening in many geographies, many new projects that were put on hold due to pandemic have been reinitiated. All these will result in increased opportunities and therefore growth in coming quarters."
Shares of Subex Ltd was last trading in BSE at Rs. 61.05 as compared to the previous close of Rs. 58.4. The total number of shares traded during the day was 1414793 in over 5952 trades.
The stock hit an intraday high of Rs. 61.85 and intraday low of 58.15. The net turnover during the day was Rs. 84997896.
Source : Equity Bulls
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