Ganges Securities Reports 30% Surge in Q3 Net Profit
Ganges Securities Limited announced Q3 and 9M FY2022 results. Q3 net profit increased 30% YoY to ₹34.70 lakhs. Nine-month net profit rose 31% to ₹633.23 lakhs. Q3 revenue from operations was ₹72.97 lakhs with EPS of ₹0.35. Results reflect impact of amalgamation with Uttar Pradesh Trading Company Limited. NBFC registration application with RBI is pending.

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Ganges Securities Limited , a financial services company, has announced its unaudited financial results for the third quarter and nine months ended December 31, 2021, showcasing robust growth in profitability.
Q3 Performance Highlights
The company reported a significant increase in its net profit after tax for the third quarter, reaching ₹34.70 lakhs compared to ₹26.62 lakhs in the same quarter of the previous year, marking a notable 30% year-on-year growth.
Nine-Month Financial Overview
For the nine-month period ending December 31, 2021, Ganges Securities demonstrated even stronger performance:
- Net profit soared to ₹633.23 lakhs, up from ₹483.26 lakhs in the corresponding period of the previous year, representing a substantial 31% increase.
- Total revenue from operations for the nine-month period stood at ₹635.22 lakhs.
Quarterly Revenue and EPS
- Q3 revenue from operations was reported at ₹72.97 lakhs.
- The company's earnings per share (EPS) for the quarter reached ₹0.35.
Impact of Amalgamation
The financial results reflect the impact of a scheme of amalgamation with Uttar Pradesh Trading Company Limited, which was completed with effect from April 1, 2020. This strategic move appears to have positively influenced the company's financial performance.
Regulatory Status
It's worth noting that Ganges Securities' application for registration as a Non-Banking Financial Company (NBFC) with the Reserve Bank of India is currently pending. The outcome of this application could have significant implications for the company's future operations and regulatory framework.
Financial Summary Table
| Metric | Q3 FY2022 | Q3 FY2021 | 9M FY2022 | 9M FY2021 |
|---|---|---|---|---|
| Net Profit After Tax | ₹34.70 lakhs | ₹26.62 lakhs | ₹633.23 lakhs | ₹483.26 lakhs |
| Revenue from Operations | ₹72.97 lakhs | - | ₹635.22 lakhs | - |
| Earnings Per Share (EPS) | ₹0.35 | - | - | - |
The financial results demonstrate Ganges Securities' strong performance in both the quarter and the nine-month period, with significant growth in profitability. The company's strategic initiatives, including the amalgamation with Uttar Pradesh Trading Company Limited, appear to be yielding positive results. Investors and stakeholders will likely be watching closely for the outcome of the NBFC registration application, which could further shape the company's future in the financial services sector.
Historical Stock Returns for Ganges Securities
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.31% | -0.02% | -4.79% | -7.26% | -30.85% | +176.75% |




























