Outcome of Board Meeting of E2E Networks Limited ('the Company')
E2E · price
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E2E Networks' Board of Directors, at its meeting held on July 21, 2026, approved the unaudited standalone and consolidated financial results for Q1 FY27 (quarter ended June 30, 2026). Revenue from operations jumped sharply to ₹15,675.99 lakhs, up from ₹3,611.02 lakhs in Q1 FY26 (a roughly 4.3x year-on-year increase), while total income rose to ₹16,818.00 lakhs. The company swung to a profit after tax of ₹4,388.21 lakhs, compared with a loss of ₹284.14 lakhs in the same quarter last year, driven mainly by strong revenue growth even as depreciation and finance costs climbed. Basic EPS stood at ₹2.14 (vs ₹(0.14) in Q1 FY26). The results carry an unmodified (clean) review report from statutory auditors GSA & Associates LLP. The filing also notes recent corporate actions: a 10:1 share subdivision (face value cut from ₹10 to ₹1, effective June 5, 2026), direct listing on BSE Main Board effective June 12, 2026, and the incorporation of a wholly owned subsidiary, Sovcloud Technologies Limited, on June 17, 2026 (operations not yet commenced).
Strong Q1 beat on both revenue and profitability is likely to be viewed positively by retail investors, signalling a sharp turnaround from prior losses. The recent BSE listing, share split, and new subsidiary add liquidity and growth optionality, though rising depreciation and finance costs warrant close watch on margins.