Gold Rock Investments Limited, a Non-Banking Financial Company (NBFC) focused on investment activities, has reported a significant increase in its financial performance for the fiscal year 2023. The company's board recently approved the audited standalone and consolidated financial results, revealing substantial growth in both revenue and profitability.

Financial Highlights

Net Profit

Gold Rock Investments reported a standalone net profit of ₹495.41 lakh for FY2023, marking a remarkable 246% increase from ₹142.92 lakh in the previous year.

Revenue

The company's revenue from operations saw a significant uptick, rising to ₹668.13 lakh in FY2023 from ₹340.98 lakh in the previous year, representing a 96% year-over-year growth.

Auditor Appointments and Reappointments

In addition to the financial results, the company made several key decisions regarding its auditors:

• Secretarial Auditor: Neha Poddar & Associates were reappointed for FY 2023-24.
• Internal Auditor: Neeta Bansal & Associates were reappointed for FY 2023-24.
• Statutory Auditors: Rajeev Sharma & Associates provided an unmodified audit opinion on the financial statements.

Company Overview

Gold Rock Investments Limited operates as a Non-Banking Financial Company, primarily focusing on investment activities. The company's strong financial performance in FY2023 reflects its effective investment strategies and operational efficiency in the face of market challenges.

Conclusion

Gold Rock Investments Limited's impressive financial results for FY2023 demonstrate the company's resilience and growth potential in the competitive NBFC sector. The significant increase in net profit and revenue highlights the effectiveness of the company's investment strategies and operational management.

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

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.