PAT increased by 175% in Q1FY’24 over the last QTR and 173% over Q1’FY’23
New Delhi: 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 our dedicated team’s collective efforts and our valued customers’ steadfast trust. As we navigate a dynamic business landscape, these results reinforce our position as a leader in the cloud computing industry and motivate us to continually raise the bar.”
About E2E Networks
E2E Networks Limited, founded in 2009, is the only hyperscaler of Indian origin that offers an accelerated public cloud computing platform. E2E Cloud provides a vast array of cloud services that meet the needs of the vast majority of Startups, SMEs, and Enterprises.
One of the first to bring contractless computing to India. The company provides some white labelling options to its private cloud customers who wish to resell E2E’s compute infrastructure. The public cloud computing customers of E2E operate their Cloud Computing Infrastructure via the self-service control panel and via APIs provided by E2E Networks. Experienced team that designs, develops and operates the Public Cloud Platform. Largest NSE listed Cloud Provider, having served 15,000+ customers with more than 2000 active customers.
