Innovana Thinklabs reports strong earnings in first half of current fiscal, PAT zooms over 94%
Read Time:3 Minute, 43 Second
Innovana Thinklabs Limited, an innovative technological solutions provider which was listed on the SME Platform of the National Stock Exchange (NSE), has announced its half-yearly results for the six months ended on September 30th, 2021
New Delhi, November 19, 2021: Innovana Thinklabs Limited (NSE: Innovana | NSE: INE403Y01018), a leading domestic innovative technological solutions provider, has posted unaudited financial results for the first six months of the ongoing financial year. The company has reported strong numbers in the above mentioned period, thanks to higher income and operational efficiency, which reduced the expenses of the company on a proportional basis.
The company has released the consolidated earnings for the April to September 2021 period, which includes as many as six subsidiaries.
Innovana Thinklabs Limited has reported an increase of 94.4 per cent in the profit after tax (PAT) in the first half of the current financial year to Rs 16.41 crore on a year-on-year (YoY) basis, compared to Rs 8.44 crore in the corresponding period the previous year. On a sequential basis, net profit surged over 121.1 percent from Rs 7.42 crore in the H2FY21 period.
The IT solution provider has reported a rise of 32.5 percent on a YoY basis in the total income to Rs. 38.49 crore in H1FY22, compared to Rs. 29.03 crore in H1FY21. On a sequential basis, the total income jumped 21.95 per cent from Rs. 31.56 crore in H2FY21.
The EBITDA of the company increased 61.2 percent to Rs. 19.28 crore in April-September 2021 period from Rs. 11.98 crore in the same period the previous year. The Operation profit zoomed 180 percent on a sequential basis from Rs. 6.89 crore.
The basic and diluted earnings per share (EPS) of the company rose 94.41 percent to Rs 16.02 per share from Rs 8.24 per share on a year-on-year comparison. Sequentially, it jumped 121.27 percent from Rs 7.24 per share.
Innovana Thinklabs reported a net profit of Rs. 15.86 crore in the financial year ended on March 31, 2021, with a total income of Rs. 60.6 crore.
Commenting on the results, Mr. Chandan Garg, Chairman and MD, Innovana Thinklabs said that, “We are highly delighted by the financial performance of the company and willing to perform better in the days ahead. We are completely focussed on serving and expanding our client base, which will add more value to our shareholders.”
“As the digitisation in India is expanding at a rapid pace, the need for innovative and new-age solutions will increase exponentially. The business has a lot of potential and we are committed to delivering on our promises.”
| Highlights of the Half-year ended September 30, 2021 (Consolidated) | Results – Fiscal Year 2021 | |||
| Total Income | ₹38.49 Cr | 32.58% YoY | 21.96% HoH | ₹60.6 cr |
| EBIT | ₹19.28 Cr | 61.20% YoY | 180.00% HoH | ₹18.85 cr |
| PAT | ₹16.41 Cr | 94.43% YoY | 121.16% HoH | ₹15.86 cr |
| EPS (not annualized) | ₹16.02 | 94.41% YoY | 121.27% HoH | ₹15.48 |
About the company:
Innovana Thinklabs Limited is engaged in the software and application development business which directly provides services to create new applications and enhance the functionality of our users’ existing software products. Our product portfolio consists of applications and software such as Ad-blocker, Disk Cleanup, Space Reviver, File Opener, Privacy Protector, etc. They have developed numerous products and these products have registered their presence and popularity in over 126 countries in 13 different languages. The operations of our company are controlled by our registered office situated in Jaipur, Rajasthan.
The company was originally incorporated as “PCVARK Software Private Limited” on April 13, 2015, under the provisions of the Companies Act, 2013 vide certificate of incorporation issued by the Registrar of Companies, Rajasthan, Jaipur. Further pursuant to Special Resolution passed by the shareholders at the Extra Ordinary General Meeting held on June 14, 2017, our Company was converted into a Public Limited Company and consequently, the name of our Company was changed to “PCVARK Software Limited” vide fresh certificate of incorporation dated June 27, 2017, issued by the Registrar of Companies, Rajasthan, Jaipur. Later the name of the Company was changed from “PCVARK Software Limited” to “Innovana Thinklabs Limited” vide certificate of name change dated August 30, 2017, issued by Registrar of Companies, Rajasthan, Jaipur.
Happy
0 %
Sad
0 %
Excited
0 %
Sleepy
0 %
Angry
0 %
Surprise
0 %
0
0
21 thoughts on “Innovana Thinklabs reports strong earnings in first half of current fiscal, PAT zooms over 94%”
Leave a Reply
More Stories
On This ‘WORLD CANCER DAY’: 8 Best Oncologists Share Their Advice on Increasing Risks of Cancer.
New Delhi (India), February 4: World Cancer Day is observed worldwide on February 4 every year. It is a global...
Nitin Gohil bestowed with GauravShri Samman 2023: felicitated by Maharashtra Governor
Mumbai: It was a moment of pride for team Times Applaud when its COO, Mr. Nitin Gohil, bagged the award...
‘My Company is My Family; My Family is not My Company’, proponent Govindkaka of Shree Ramkrishna Exports Pvt. Ltd honoured with 2022 Hurun Most Respected Family Business of the Year Award
Renowned Diamond Baron, Visionary, Industrialist, and Humanitarian, Shri Govind Dholakia sounds stimulating when he says “Our Company has been made...
CricAdda and Sanjay Dutt: A winning combination for sports fans and gamers
New Delhi (India), February 4: CricAdda, the online sports and fantasy gaming brand, announced that Indian film actor & renowned...
Sakhiya Skin Clinic is India’s No. 1 skin clinic chain
The clinic has performed more than 3 lakh+ safe and painless laser hair removal procedures. Surat (Gujarat) [India], February 4: With...
Aditya Prakash, Bollywood Actor and Writer shares his secret of a happy & successful life
New Delhi (India), February 4: We caught up with Bollywood Actor and Writer, Aditya Prakash where he spoke about his personal life,...
Thank you fօr anny οther informative site.
Ꭲhe place eelse may I get thɑt kind of info wгitten in ѕuch a perfect
manner? I havе a venture tһat I ɑm simply now operating on,
and I havе been on the look ߋut for such info.
Mｙ web-site: Хвани ме
Link exchange is nothing elѕe howеvеr it iѕ just placing tһe other person’s
webpage link on yoսr page at suitable place аnd otһer person will aⅼѕ᧐ do simlar
іn favor of yoᥙ.
Mｙ web site :: consiga mais informação
Somebody necessarily lend a hand to make significantly articles I’d state. That is the first time I frequented your web page and so far? I surprised with the research you made to create this particular publish extraordinary. Magnificent activity!
I must thank ｙou fօr tһe efforts you һave рut іn writing this website.
Ӏ amm hoping t᧐ check out the ѕame high-grade cօntent fr᧐m you in thе future aѕ weⅼl.
In fact,your creativce writing abilities һaѕ encouraged mee tto ցet my ⲟwn, personal site now 😉
mу web site – coisas grátis online
We are a group of volunteers and opening a new scheme in our community. Your website provided us with valuable info to work on. You have done an impressive job and our entire community will be grateful to you.
Excellent web site. A lot of useful information here. I’m sending it to a few buddies ans also sharing in delicious. And obviously, thanks for your sweat!
Hey I am so happy I found your blog, I really found you by mistake, while I was researching on Yahoo for something else, Regardless I am here now and would just like to say thank you for a remarkable post and a all round exciting blog (I also love the theme/design), I don’t have time to browse it all at the minute but I have saved it and also included your RSS feeds, so when I have time I will be back to read much more, Please do keep up the excellent job.
Very interesting topic, regards for putting up.
Hі, i rеad yoᥙr blog occasionally and i own a similar one
and i was juѕt wondcering if ʏou get ɑ lot of spam
feedback? Ιf so how do ｙоu prevent іt, anny plugin or
anythіng yoᥙ ccan suggeѕt? I ɡet so much latelʏ it’ѕ driving me mad sօ any support is very mucһ appreciated.
Ꭺlso visit my blog :: اقرأ هذا على الإنترنت
Some really select blog posts on this web site, saved to my bookmarks.
naturally like your website but you have to take a look at the spelling on several of your posts. Many of them are rife with spelling issues and I find it very bothersome to tell the reality however I¦ll certainly come back again.
Thanx for the effort, keep up the good work Great work, I am going to start a small Blog Engine course work using your site I hope you enjoy blogging with the popular BlogEngine.net.Thethoughts you express are really awesome. Hope you will right some more posts.
An interesting discussion is worth comment. I think that you should write more on this topic, it might not be a taboo subject but generally people are not enough to speak on such topics. To the next. Cheers
Enjoyed looking at this, very good stuff, thankyou.
I haven’t checked in here for some time because I thought it was getting boring, but the last several posts are great quality so I guess I will add you back to my daily bloglist. You deserve it my friend 🙂
you have a great blog here! would you like to make some invite posts on my blog?
Excellent post. I used to be checking continuously this blog and I am inspired! Very useful info specially the last phase 🙂 I maintain such info a lot. I was seeking this certain info for a very long time. Thanks and best of luck.
I appreciate, cause I found exactly what I was looking for. You’ve ended my four day long hunt! God Bless you man. Have a great day. Bye
Valuable information. Lucky me I found your web site by accident, and I’m shocked why this accident didn’t happened earlier! I bookmarked it.
I beloved up to you will obtain performed right here. The comic strip is attractive, your authored material stylish. nonetheless, you command get got an edginess over that you want be delivering the following. in poor health unquestionably come further in the past again since precisely the same just about very ceaselessly within case you defend this hike.
Ꮤe’re a group of volunteers аnd openiung a new scheme іn our community.
Your web site ρrovided uss wih valuable ifo tο work on. Y᧐u hɑｖe done a formidabpe job аnd оur wһole
community will bｅ grateful to үou.
Check ߋut my blog post :: изберете тези неща онлайн