QOQ Q4 FY 23 vs. Q4 FY 22:

The Financials  have been prepared in accordance with Ind AS (‘Indian Accounting Standards’):

• The Revenue from Operations is Rs. 3.40 Cr. in Q4 FY 23 as against Rs. 2.61 Cr. in Q4 FY 22,which is an increase of 30%.
• The EBITDA reported at Rs. 1.27 Cr. Is 41% higher in Q4 FY 23 as compared to Rs. 0.90 Cr. in Q4 FY 22.
• Profit Before Tax stands at Rs.0.80 Cr. in Q4 FY 23 as against Rs. 0.42 Cr. in Q4 FY 22 culminating to an increase of 90%.
• Profit After Tax is at Rs.0.59 Cr in Q4 FY 23 as against Rs. 0.38 Cr. in Q4 FY 22, increase by 55%.

QoQ Q4 FY 23 vs. Q3 FY 23

• Revenue from Operations stood at Rs. 3.40 Cr. in Q4 FY 23 as against Rs.2.43 Cr. in Q3 FY 23, a 40% increase QoQ.
• EBITDA reported at Rs.1.27Cr in Q4 FY 23 as compared to Rs.0.93Cr. in Q3 FY 23,a increase of 36% QoQ.
• Profit Before Tax stands at Rs. 0.80Cr in Q4 FY 23 as against Rs. 0.42Cr. in Q3 FY 23, a increase of 90 % QoQ.
• Profit After Tax was at Rs.0.59Cr in Q4 FY 23 as against Rs. 0.38 Cr. in Q3 FY 23, a increase of 55% QoQ.

Standalone Financial Highlights for the Twelve Months (12M FY23)

▪ Total operating income is Rs 10.17Cr for FY23 as compared to Rs 9.70Cr. in  FY 22

▪ Standalone EBITDA is Rs.3.77Cr. for  FY23 as against Rs 3.38Cr. in FY 22

▪ Standalone PAT* stood at Rs 1.36Cr for FY23 as compared to Rs 1.06Cr in FY 22

Operational Highlights:

• The company wants to focus on its core operations of ISP business which is showing growth prospects with strong order book and the sale proceeds shall be leveraged for future funding requirements of the company.

Commenting on the results, Dr. Manohar Loka Reddy, Managing Director & Promoter, Nettlinx Limited, said,

“The company is set to grow with the contracts for Leased Line bandwidth connectivity and  P2P links  that have been executed.

We look forward to continue our growth momentum in year 2023-24 with a robust revenue increase and sustainable margins backed by healthy order book, and lucrative market opportunities available in providing of Dedicated internet leased line and P2P link in various segments like print and electronic media, Educational institutions, manufacturing units, healthcare & hospitality industry and several other SMEs that will assist the company to achieve full year guidance of 100% growth in revenue with 700% EBITDA margin.