Mansoon Trading Company's Q1 Profit Soars 224% to Rs 722.93 Crore
Mansoon Trading Company Limited reported a significant increase in Q1 financial performance. Net profit after tax rose by 224% to Rs 722.93 crore, compared to Rs 223.15 crore in the same quarter last year. Total income increased to Rs 1,202.37 crore from Rs 570.25 crore. The financial business segment contributed Rs 1,018.89 crore to revenue, while the trading business added Rs 180.12 crore. Net gain on fair value changes was a major factor, rising to Rs 571.30 crore from Rs 107.54 crore. Earnings per share improved to Rs 29.45 from Rs 9.09.
*this image is generated using AI for illustrative purposes only.
Mansoon Trading Company Limited, a diversified financial and trading firm, has reported a remarkable surge in its financial performance for the first quarter. The company's net profit after tax skyrocketed by 224% to Rs 722.93 crore, compared to Rs 223.15 crore in the corresponding quarter of the previous year.
Financial Highlights
- Total Income: Rs 1,202.37 crore vs Rs 570.25 crore (previous year)
- Net Profit: Rs 722.93 crore vs Rs 223.15 crore (previous year)
- Earnings Per Share (EPS): Rs 29.45 vs Rs 9.09 (previous year)
Revenue Breakdown
The company's revenue stream was primarily driven by two segments:
- Financial Business: Contributed Rs 1,018.89 crore
- Trading Business: Added Rs 180.12 crore
Key Performance Drivers
A significant boost to the company's income came from net gain on fair value changes, which stood at Rs 571.30 crore, a substantial increase from Rs 107.54 crore in the same quarter last year.
Segment-wise Performance
| Segment | Revenue (Rs in crore) | Results (Rs in crore) |
|---|---|---|
| Financial Business | 1,018.89 | 767.72 |
| Trading Business | 180.12 | 3.86 |
Balance Sheet Overview
- Total Assets: Rs 22,174.32 crore
- Total Liabilities: Rs 8,277.83 crore
Management Commentary
The results were reviewed by the audit committee and approved by the board of directors. The company's statutory auditors, M/s SKHD & Associates, have carried out a limited review of the results and issued an unmodified opinion.
Conclusion
Mansoon Trading Company's robust performance demonstrates strong growth across its business segments. The significant increase in net profit and EPS reflects the company's effective strategy and operational efficiency in both its financial and trading businesses. Investors and market watchers will likely keep a close eye on the company's future performance to see if this impressive growth trajectory can be maintained.
Historical Stock Returns for Mansoon Trading
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
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