Jindal Capital Reports Q1 Results and Appoints New Secretarial Auditors
Jindal Capital Limited reported a decrease in total income to Rs. 78.11 lakhs for Q1 ending June 30, down from Rs. 109.11 lakhs in the previous year. Net profit after tax fell to Rs. 20.21 lakhs from Rs. 78.50 lakhs. The company's Board approved the appointment of M/s. A Tiwari & Associates as Secretarial Auditors for a five-year term. Total expenses were Rs. 57.89 lakhs, with employee benefits being the largest component at Rs. 33.79 lakhs.
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Jindal Capital Limited , a financial services company, has released its unaudited financial results for the first quarter ending June 30. The company also announced the appointment of new secretarial auditors for a five-year term.
Financial Performance
Jindal Capital reported a total income of Rs. 78.11 lakhs for Q1, marking a decrease from Rs. 109.11 lakhs in the corresponding quarter of the previous year. The company's net profit after tax stood at Rs. 20.21 lakhs, down from Rs. 78.50 lakhs in Q1 of the previous year.
Key financial highlights for Q1:
| Particulars | Q1 (Rs. lakhs) | Q1 Previous Year (Rs. lakhs) |
|---|---|---|
| Total Income | 78.11 | 109.11 |
| Net Profit After Tax | 20.21 | 78.50 |
| Total Comprehensive Income | 21.52 | 81.98 |
| Earnings Per Share (Basic & Diluted) | 0.28 | 1.09 |
The company's revenue from operations primarily consisted of interest income, which amounted to Rs. 72.56 lakhs, along with fees and commission income of Rs. 4.20 lakhs.
Expenses and Profitability
Total expenses for the quarter were Rs. 57.89 lakhs, with employee benefits expense being the largest component at Rs. 33.79 lakhs. Finance costs stood at Rs. 16.59 lakhs, while other expenses amounted to Rs. 7.12 lakhs.
The profit before tax for Q1 was Rs. 20.21 lakhs, compared to Rs. 78.50 lakhs in the same period last year. The company's other comprehensive income for the quarter was Rs. 1.31 lakhs, resulting in a total comprehensive income of Rs. 21.52 lakhs.
Appointment of Secretarial Auditors
In a significant corporate governance move, Jindal Capital's Board of Directors approved the appointment of M/s. A Tiwari & Associates as the company's Secretarial Auditors. The firm, which holds Certificate of Practice No. 27696 and Peer Review Certificate No. 6570/2025, has been appointed for a term of five consecutive years.
M/s. A Tiwari & Associates brings over a decade of experience in corporate governance, legal, secretarial, compliance, and regulatory affairs to their role at Jindal Capital.
Board Meeting Details
The company's Board of Directors met on Wednesday, August 13, to approve these results and appointments. The meeting, which commenced at 1:00 PM, concluded at 4:06 PM.
Jindal Capital Limited continues to navigate the financial services sector, adapting to market conditions while maintaining its corporate governance standards.
Historical Stock Returns for Jindal Capital
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.48% | -1.19% | -7.41% | -9.35% | -8.80% | +830.52% |
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