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InfoBeans Technologies Ltd Q1FY24; 70% fall in Profits

InfoBeans Technologies Ltd is primarily engaged in software development services, specializing in business application development for web and mobile and operate at Capability Maturity Model Integration (CMMI) level 3.

Financial Results:

  • InfoBeans Technologies Ltd reported Revenues for Q1FY24 of ₹91.60 Crores down from ₹96.20 Crore year on year, a fall of 4.78%.
  • Total Expenses for Q1FY24 of ₹88.51 Crores up from ₹84.12 Crores year on year, a rise of 5.22%.
  • Consolidated Net Profit of ₹3.46 Crores down 70.25% from ₹11.63 Crores in the same quarter of the previous year.
  • The Earnings per Share is ₹1.42, down 70.42% from ₹4.80 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.
*The presented data is automatically generated. It may occasionally generate incorrect information.

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