Challani Capital Reports 58% Revenue Growth and 37% Profit Increase in Q1 Results
Challani Capital announced unaudited financial results for Q1 ending June 30. Total income from operations reached Rs. 5034.12 lakhs, up 58% year-on-year. Net profit after tax increased by 37% to Rs. 148.19 lakhs. The company's net profit before tax was Rs. 185.75 lakhs, with an equity share capital of Rs. 4961.79 lakhs and reserves of Rs. 3098.95 lakhs. Earnings per share stood at Rs. 0.30. The Audit Committee reviewed and the Board of Directors approved these results on August 14.
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Challani Capital (formerly LIMITE) has announced its unaudited financial results for the quarter ended June 30, showcasing significant growth in both revenue and profitability.
Strong Revenue Growth
The company reported a total income from operations of Rs. 5034.12 lakhs for the quarter, representing a robust 58% year-on-year growth. This substantial increase in revenue demonstrates Challani Capital's strong market position and effective business strategies.
Impressive Profit Performance
Challani Capital's net profit after tax reached Rs. 148.19 lakhs, marking a 37% increase compared to the same quarter last year. This growth in profitability outpaces the revenue growth, indicating improved operational efficiency and cost management.
Key Financial Highlights
| Metric | Value |
|---|---|
| Total income from operations | Rs. 5034.12 lakhs |
| Net profit after tax | Rs. 148.19 lakhs |
| Net profit before tax | Rs. 185.75 lakhs |
| Equity share capital | Rs. 4961.79 lakhs |
| Reserves | Rs. 3098.95 lakhs |
| Earnings per share (basic and diluted) | Rs. 0.30 |
Corporate Governance and Transparency
The financial results were reviewed by the Audit Committee and subsequently approved by the Board of Directors at their meeting held on August 14. In compliance with regulatory requirements, Challani Capital published these results in Trinity Mirror (English) and Makkal Kural (Tamil) newspapers, ensuring transparency and timely communication with stakeholders.
Conclusion
Challani Capital's impressive first-quarter results reflect the company's ability to capitalize on market opportunities and drive substantial growth in both revenue and profitability. The strong performance positions the company well as it continues into the fiscal year.
Historical Stock Returns for Challani Capital
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.44% | +0.14% | -2.00% | +8.91% | +11.60% | +40.02% |
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