Gold Rock Investments Reports 200% Revenue Surge and Strong Profit Growth in Q1
Gold Rock Investments Limited has reported exceptional Q1 results with a 200% year-over-year increase in total income, reaching Rs. 414.06 lakhs. Net profit surged to Rs. 358.11 lakhs, up from Rs. 78.21 lakhs in the previous year. Earnings per share improved significantly to Rs. 45.58 from a loss of Rs. 18.70. The company's total comprehensive income reached Rs. 444.98 lakhs, marking a turnaround from a loss in the prior year. The unaudited results were approved by the Board and published in compliance with regulatory requirements.
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Gold Rock Investments Limited has reported a remarkable financial performance for the first quarter, demonstrating significant growth across key financial metrics.
Robust Revenue Growth
The company's total income from operations saw a substantial increase of 200% year-over-year, reaching Rs. 414.06 lakhs for the quarter, compared to Rs. 137.91 lakhs in the same quarter of the previous year. This impressive growth underscores Gold Rock Investments' strong market position and effective revenue generation strategies.
Profit Surge
Gold Rock Investments witnessed a sharp rise in profitability during the quarter:
- Net profit surged to Rs. 358.11 lakhs, up from Rs. 78.21 lakhs in the corresponding quarter last year, marking a significant improvement in the company's bottom line.
- Total comprehensive income reached Rs. 444.98 lakhs, a substantial turnaround from a loss of Rs. 908.51 lakhs in the prior year's quarter.
Improved Earnings Per Share
The company's earnings per share (EPS) showed remarkable improvement:
- EPS for the quarter stood at Rs. 45.58, compared to a loss per share of Rs. 18.70 in the same quarter last year.
Financial Stability
Gold Rock Investments maintained its equity share capital at Rs. 78.56 lakhs, indicating stability in its capital structure.
Quarterly Performance Highlights
| Metric | Q1 Current | Q1 Previous | YoY Change |
|---|---|---|---|
| Total Income | 414.06 | 137.91 | +200% |
| Net Profit | 358.11 | 78.21 | +358% |
| EPS | 45.58 | -18.70 | Positive turnaround |
Disclosure and Compliance
The unaudited financial results for the quarter were reviewed by the Audit Committee and approved by the Board of Directors at their meeting. The results were published in Active Times and Mumbai Lakshdeep, in compliance with regulatory requirements.
Investors and stakeholders can access the detailed financial results on the company's website and the BSE website.
Gold Rock Investments Limited's strong first-quarter performance sets a positive tone for the fiscal year, reflecting the company's resilience and growth potential in the current market environment.
Historical Stock Returns for Gold Rock Investments
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | +15.70% |
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