Compuage Infocom posts 10% yoy growth in total income in Q2FY23

17 Nov 2022 , 10:42 AM

Compuage Infocom Limited has announced its unaudited Standalone and Consolidated results for the quarter & half ended 30 th September 2022.

Q2FY23 Consolidated Financial Highlights

• Total Income stood at Rs1,243 crore, up by 10% on yoy basis
• EBITDA stood at Rs34.6 crore, up by 16% on yoy basis
• PAT stood at Rs8.4 crore, up by 11% on yoy basis

H1FY23 Consolidated Financial Highlights

• Total Income stood at Rs2,186 crore, up by 22% on yoy basis
• EBITDA stood at Rs61 crore, up by 29% on yoy basis
• PAT stood at Rs14.6 crore, up by 70% on yoy basis

Commenting on the performance, Atul Mehta, Chairman & Managing Director, said, “I am delighted to share that the Company has reported a robust revenue growth of 32% sequentially on the back of strong demand across our product portfolio. Demand scenario from corporates and households continues to remain healthy.

Our EBITDA too grew by a stellar 29% sequentially on account of better product mix and increased share of value-added products. Additionally, we have made healthy progress on adding newer brand partnerships as well as have signed up distribution agreement with R&M India Private Limited to provide versatile structured cabling solution to partners.

We believe that the penetration of IT products in India is substantially lower than in developed nations, providing us sufficient headroom for sustained long-term growth. Going forward, we will continue to focus on adding new brand partnerships and agreements to widen our product portfolio, and explore newer markets in order to scale up our business which will lead to better value creation and profitability.”

At around 10:40 AM, Compuage Infocom Ltd is currently trading at Rs23 per share down by Rs0.6 or 2.54% from its previous closing of Rs23.60 per share on the BSE.

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