India, 22nd August 2023: E2E Networks Ltd (NSE: E2E) India’s fastest-growing accelerated cloud computing platform, announced its financial results for the quarter ending June, 30, 2023 (Q1FY24). The company reported robust performance and significant growth across key financial metrics. During the quarter, the company’s consolidated Net Revenue increased by approximately 29.75% year-over-year to reach Rs. 19.81 Cr.
EBITDA margin was 52.82% and Profit After Tax was Rs. 6.97 Cr a growth of 173% over the same period last year. The company’s consistent outstanding achievements across a range of metrics reflect its steadfast commitment to advancing and excelling within the cloud computing industry.
Consolidated Financial Highlights – Q1FY24
| Particulars | Q1FY24
₹. in crores |
Q4FY23
₹. in crores |
Change Q-o-Q % | Q1FY23
₹. in crores |
Change Y-o-Y% |
| Revenue | 19.81 | 17.98 | 10% | 15.28 | 30% |
| PBT | 8.53 | 3.26 | 162% | 3.49 | 144% |
| PBTMargin (%) | 43.06% | 18.13% | 22.84% | ||
| PAT | 6.97 | 2.53 | 175% | 2.55 | 173% |
| PAT Margin (%) | 35.18% | 14.07% | 16.69% |
Commenting on the Company’s performance, Megha Raheja, Chief Financial Officer at E2E Networks Limited said, “We are delighted to share our exceptional quarterly results, which underscore our unwavering commitment to innovation, strategic planning, and customer-centric focus. These achievements reflect the collective efforts of our dedicated team and the steadfast trust of our valued customers. As we navigate a dynamic business landscape, these results reinforce our position as a leader in cloud computing industry and motivate us to continually raise the bar.”