Compuage Infocom posts 42% yoy growth in total income in Q1FY23

17 Aug 2022 , 12:17 PM

Compuage Infocom Limited has announced its unaudited Standalone and Consolidated results for the quarter ended June 30, 2022.

Q1FY23 Consolidated Financial Highlights:

• Total Income stood at Rs943.1 crore, up by 42% on yoy basis 
• EBITDA stood at Rs26.4 crore, up by 52% on yoy basis
• PAT stood at Rs6.2 crore, up by 502% on yoy basis

Commenting on the performance, Atul Mehta, Chairman & Managing Director, said, “I am pleased to share that we have embarked FY23 on a strong note with 42% YoY growth in revenue on the back of robust demand. Operating profit grew by 52% on YoY basis on account of better product mix and operating leverage playing out.

The Company has made progress on adding brand partnerships as well with signing up distribution agreement with Lexar Company to offer memory & storage products. This partnership has come at the right time given the increasing demand for computers and their components.”

At around 12:19 PM, Compuage Infocom Ltd was trading at Rs24.25 per share up by Rs0.1 or 0.41% from its previous closing of Rs24.15 per share on the BSE.