Innovana Thinklabs Reports Highest Net Sales in Five Quarters Amid Rising Interest Costs in December 2024

Feb 12 2025 08:08 PM IST
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Innovana Thinklabs reported its financial results for the quarter ending December 2024, achieving its highest net sales in five quarters at Rs 28.92 crore. The operating profit also peaked at Rs 16.59 crore, with a profit after tax of Rs 11.69 crore, reflecting improved profitability despite rising interest costs.
Innovana Thinklabs, a microcap player in the IT software industry, recently announced its financial results for the quarter ending December 2024. The company reported a notable performance, achieving its highest net sales in the last five quarters at Rs 28.92 crore. This positive trend is mirrored in its operating profit, which also reached a peak of Rs 16.59 crore, reflecting enhanced operational efficiency with an operating profit margin of 57.37%.

The profit before tax, adjusted for other income, stood at Rs 13.46 crore, marking a year-on-year growth of 23.03%. Additionally, the profit after tax reached Rs 11.69 crore, and earnings per share climbed to Rs 5.70, indicating a solid increase in profitability for shareholders.

However, the company faced challenges with rising interest costs, which hit Rs 1.30 crore, representing a quarter-on-quarter increase of 17.12%. This uptick in interest expenses suggests a rise in borrowings, which could impact future financial flexibility.

Overall, Innovana Thinklabs has experienced evaluation changes in its financial metrics, reflecting a shift in its score over the past three months.

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