Q1FY21 results: Infibeam Avenues net profit declines by 57.10 per cent QoQ to Rs 11.75 crore

Infibeam Avenues Limited announced its Q1FY21 results on Sep 2, 2020. The consolidated net profit in Q1FY21 came in at Rs 11.75 crore, which declined by 57.1 per cent, as compared to Q4FY20, when it reported a profit of Rs 27.39 crore.

The company reported consolidated net sales of Rs 102.66 crore in Q1FY21, which declined by 24.46 per cent QoQ from Rs 135.91 crore in Q4FY20.

The company posted EBITDA of Rs 30.99 crore in Q1FY21 that decreased by 9.41 per cent QoQ. For Q4FY20, it had posted EBITDA of Rs 34.21 crore.

EBITDA margin as of Q1FY21 was at 30.19 per cent that rose by 5.02 per cent QoQ. EBITDA margin for Q4FY20 was 25.17 per cent.  The net profit margin in Q1FY21 came in at 11.45 per cent, which declined by 8.7 per cent QoQ. The net profit margin for Q4FY20 was 20.15 per cent.

We remain focused in driving on the long-term growth strategy which includes new business offerings and expansion to new geographies for creating true value for our consumers, business customers and stakeholders. The Company has successfully built a strong business over the years and strived to enhance business value while driving strong revenue and profit growth, said Mr. Vishal Mehta, Managing Director, Infibeam Avenues Limited.

The share price of the company closed at  Rs 78.65, up by 1.55 per cent.