Chartered Capital and Investment Limited Reports 99% Surge in Q1 Profit
Chartered Capital & Investment, a financial services company, reported a 99% increase in profit after tax for Q1 FY2024, reaching Rs 200.41 lakhs compared to Rs 100.72 lakhs in the same quarter last year. Total income rose to Rs 341.34 lakhs from Rs 318.53 lakhs in the previous quarter. Other operating income increased to Rs 293.78 lakhs from Rs 181.78 lakhs year-over-year. Total expenses decreased to Rs 71.54 lakhs from Rs 122.46 lakhs in the previous quarter. Earnings per share improved to Rs 6.65 from Rs 3.34 in the corresponding quarter last year.
*this image is generated using AI for illustrative purposes only.
Chartered Capital & Inv , a financial services company, has reported a significant increase in its profitability for the quarter ended June 30. The company's unaudited financial results, approved by the Board of Directors on August 5, reveal a robust performance across key financial metrics.
Financial Highlights
- Profit After Tax: Rs 200.41 lakhs, up 99% from Rs 100.72 lakhs in the same quarter last year
- Total Income: Increased to Rs 341.34 lakhs from Rs 318.53 lakhs in the previous quarter
- Other Operating Income: Rose to Rs 293.78 lakhs from Rs 181.78 lakhs in the same quarter last year
- Total Expenses: Decreased to Rs 71.54 lakhs from Rs 122.46 lakhs in the previous quarter
- Earnings Per Share (EPS): Rs 6.65, compared to Rs 3.34 in the corresponding quarter last year
Detailed Financial Performance
| Particulars (Rs. in Lakhs) | Q1 (Unaudited) | Q4 (Audited) | Q1 (Unaudited) |
|---|---|---|---|
| Revenue from Operations | (0.45) | 0.21 | (0.06) |
| Other Operating Income | 293.78 | 266.06 | 181.78 |
| Other Income | 48.00 | 52.26 | 31.73 |
| Total Income | 341.34 | 318.53 | 213.45 |
| Total Expenses | 71.54 | 122.46 | 71.00 |
| Profit Before Tax | 269.80 | 196.07 | 142.45 |
| Profit After Tax | 200.41 | 137.69 | 100.72 |
The company's performance shows a marked improvement in profitability, with a 99% increase in profit after tax compared to the same quarter of the previous year. This growth can be attributed to a significant rise in other operating income and effective cost management, as evidenced by the reduction in total expenses.
Other Key Points
- The company operates in a single business segment.
- The paid-up equity share capital remains unchanged at Rs 301.16 lakhs.
- The Board meeting for approving these results was held on August 5, from 4:00 p.m. to 5:10 p.m.
Chartered Capital and Investment Limited's strong quarterly performance reflects its ability to generate higher income while maintaining cost efficiency. The substantial increase in profit and earnings per share indicates a positive trend in the company's financial health.
Investors and stakeholders may find these results encouraging, as they demonstrate the company's capacity for growth and profitability in the current financial year. However, it's important to note that these are unaudited results for a single quarter, and a more comprehensive view of the company's performance will emerge as the fiscal year progresses.
Historical Stock Returns for Chartered Capital & Inv
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.98% | -5.45% | -11.15% | +31.09% | +9.34% | +420.00% |
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