Compuage Infocom's Revenue up by 22% while PAT grows by 70% in H1FY23

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

Q2FY23 Consolidated Financial Highlights

- Total Income stood at Rs. 1,243 Crores, up by 10% on YoY basis
- EBITDA stood at Rs. 34.6 Crores, up by 16% on YoY basis
- PAT stood at Rs. 8.4 Crores, up by 11% on YoY basis

H1FY23 Consolidated Financial Highlights

- Total Income stood at Rs. 2,186 Crores, up by 22% on YoY basis
- EBITDA stood at Rs. 61 Crores, up by 29% on YoY basis
- PAT stood at Rs. 14.6 Crores, up by 70% on YoY basis

Commenting on the performance, Mr. 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."

Shares of Compuage Infocom Limited was last trading in BSE at Rs. 23.60 as compared to the previous close of Rs. 24.75. The total number of shares traded during the day was 56341 in over 674 trades.

The stock hit an intraday high of Rs. 25.15 and intraday low of 23.35. The net turnover during the day was Rs. 1357539.00.

Source : Equity Bulls

Keywords

CompuageInfocom INE070C01037 Q2FY23 H1FY23 ResultUpdate