Core4 Engineers (CORE4) Q4 23/24 earnings summary

Executive summary

• FY24 standalone revenue from operations was ₹35,73,12,737 and net profit was ₹2,91,28,574, versus ₹13,11,95,276 and ₹93,99,965 in FY23.

• Consolidated revenue was ₹40,10,41,659 and consolidated net profit was ₹3,05,26,643 in FY24.

• Management expressed confidence in achieving higher results in FY25.

Financial highlights

• Standalone total income was ₹35,89,52,666 in FY24 versus ₹13,18,00,326 in FY23; operating expenses were ₹33,21,41,926 versus ₹11,61,85,251.

• Standalone profit before tax was ₹4,19,82,133 versus ₹1,31,55,689; tax expense was ₹1,28,53,559 versus ₹37,55,724.

• Standalone net profit was ₹2,91,28,574 versus ₹93,99,965; basic and diluted EPS were ₹10.40 versus ₹3.36.

• Consolidated profit before tax was ₹4,40,28,497 versus ₹1,31,55,689; consolidated EPS was ₹10.90 versus ₹3.36.

Outlook and guidance

• Management said it was working to accelerate business and was hopeful of achieving higher results in FY25.