Aravali Securities Reports Mixed Q1 Results with Revenue Growth but Lower Profits

Aravali Securities & Finance Limited has released its financial results for the first quarter, showcasing a mixed performance with revenue growth but a decline in profitability.

Revenue Growth

The company reported income from operations of Rs 39.10 crore for Q1, compared to Rs 35.32 crore in the same quarter last year, representing a growth of 10.70%. This increase in revenue indicates improved business activity and market performance for Aravali Securities & Finance.

Profit Decline

Despite the revenue growth, Aravali Securities & Finance experienced a decrease in profitability. Net profit after tax for the quarter stood at Rs 7.84 crore, down from Rs 3.81 crore in the corresponding quarter of the previous year. This represents a significant decline of 105.77% in net profit.

Key Financial Metrics

All financial figures in Rs crore, except EPS in Rs

The company's equity share capital remained stable at Rs 10.39 crore. Earnings per share (EPS) for the quarter increased to Rs 7.54, compared to Rs 3.51 in the same period last year, showing a significant improvement of 114.81%.

Management Approval and Disclosure

The financial results were approved by the Board of Directors of Aravali Securities & Finance Limited in their meeting. In compliance with regulatory requirements, the company has published these results in the Financial Express (English edition) and Jan Satta (Hindi edition) newspapers.

Conclusion

Aravali Securities & Finance Limited's Q1 results present a mixed picture, with strong revenue growth offset by a decline in net profit. The substantial increase in EPS, despite the profit decline, may indicate potential one-time expenses or changes in the company's financial structure. Investors and stakeholders will likely be watching closely to see how the company addresses the profitability challenges in the coming quarters while maintaining its revenue growth momentum.