Earnings |Cerebra Integrated Technologies Ltd (NSE:CEREBRAINT): Q3FY23 Results Out; Total Income fell 81% YoY

Cerebra Integrated Technologies Ltd (NSE:CEREBRAINT) is an Indian company that primarily operates in the e-waste recycling and management solutions sector. The company purchases end-of-life and off-lease electronic waste products, such as TVs, refrigerators, air conditioners, and washing machines, as well as IT products like laptops, desktops, and servers, to be recycled and repaired. The company’s aim is to reduce the need for new manufacturing by refurbishing or recycling e-waste.

The company has a recycling and refurbishing plant located in Bangalore with a capacity of 20,000 metric tonnes. It has recycled over 40,000 metric tonnes of e-waste and refurbished over 50,000 products to date. The company’s refurbished products include desktops, laptops, and servers, along with peripherals and accessories like mice and printers.

Cerebra Integrated Technologies Ltd also collects Waste Electrical & Electronic Equipment (WEEE) under the ITEW category through its corporate collection channel. The company’s total income in the December 2022 quarter was INR 13.08 crore, which represents a significant decline of 55.62% from the same period in the previous year. The company’s expenses in the December 2022 quarter were INR 11.07 crore, a decline of 56.78% from the previous year. The company’s EBIT for the quarter was INR 2.01 crore, representing a decline of 47.92% from the previous year. The net profit margin for the quarter was 2.89%, and the basic EPS was INR 0.03