E2E Networks shares hit 5% lower circuit after Q3 net profit falls 5% sequentially

Shares of E2E Networks dropped 5 percent to get locked in the lower circuit at Rs 3,488.05 apiece on January 23. This comes after the company announced its results for the October-December quarter in the post market hours of January 22. Although the company saw a significant improvement in results since Q3 of the previous financial year, few of its metrics dropped on a sequential basis.

The company's net profit stood at Rs 11.59 crore in Q3 of the current financial year. This marks a remarkable rise of 108 percent from the Rs 5.58 crore net profit it had reported in Q3 of the previous financial year. However, the net profit dropped nearly 5 percent sequentially from Rs 12.15 crore in Q2.

Its revenue from operations also saw a strong rise on a year-over-year basis, but fell sequentially. The company reported Rs 41.6 crore revenue in Q3FY 25, up 74 percent from Rs 23.95 crore in Q3FY 24, down 13 percent from Rs 47.55 crore in Q2FY 25.

The company’s total income, however, rose on an yearly basis as well as sequentially. It reported a total income of Rs 12.79 crore in the October-December quarter.