REDTAPE (REDTAPE) Q1 24/25 earnings summary

Executive summary

• Unaudited standalone and consolidated financial results for the quarter ended June 30, 2024, were approved and reviewed by the Board and Audit Committee on August 14, 2024.

• Statutory auditors expressed an unmodified opinion on both standalone and consolidated results, indicating no material misstatements.

Financial highlights

• Consolidated revenue from operations for Q1 FY25 was ₹44,061 lakhs, compared to ₹39,265 lakhs in Q1 FY24 and ₹50,429 lakhs in Q4 FY24.

• Consolidated net profit for Q1 FY25 was ₹3,051 lakhs, down from ₹4,552 lakhs in Q1 FY24 and ₹3,854 lakhs in Q4 FY24.

• Standalone revenue for Q1 FY25 was ₹44,189 lakhs, compared to ₹39,470 lakhs in Q1 FY24 and ₹50,877 lakhs in Q4 FY24.

• Standalone net profit for Q1 FY25 was ₹3,064 lakhs, compared to ₹4,673 lakhs in Q1 FY24 and ₹4,096 lakhs in Q4 FY24.

• Basic and diluted EPS (consolidated) for Q1 FY25 stood at ₹2.21, compared to ₹3.29 in Q1 FY24.

Key financial ratios and metrics

• Gross margin and other key ratios are not explicitly stated, but profit before tax for Q1 FY25 was ₹4,136 lakhs (consolidated) and ₹4,155 lakhs (standalone).

• Total expenses for Q1 FY25 were ₹40,160 lakhs (consolidated) and ₹40,269 lakhs (standalone).