NewsEarningsNAM Securities Reports Q1 Profit of Rs 15.59 Lakhs, Reverses Previous Quarter's LossNAM Securities Reports Q1 Profit of Rs 15.59 Lakhs, Reverses Previous Quarter's Loss
Nam Securities Limited announced unaudited Q1 financial results, posting a profit of Rs 15.59 lakhs, reversing a loss of Rs 18.71 lakhs from the previous quarter. Total revenue decreased to Rs 1,186.70 lakhs from Rs 2,983.44 lakhs. Net sales were Rs 1,184.09 lakhs, with total expenses at Rs 1,167.11 lakhs. The company reported an EPS of Rs 0.66. The board meeting to approve results was held on August 12, with statutory auditors issuing an unmodified opinion on the financial statements.
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Nam Securities Limited, a prominent player in the broking and financial services sector, has announced its unaudited financial results for the first quarter. The company has shown a remarkable turnaround, posting a profit after a loss in the previous quarter.
Financial Highlights
- Profit: Nam Securities reported a profit of Rs 15.59 lakhs for Q1, a significant improvement from the loss of Rs 18.71 lakhs in the previous quarter.
- Revenue: Total revenue for the quarter stood at Rs 1,186.70 lakhs, down from Rs 2,983.44 lakhs in the previous quarter.
- Net Sales: The company's net sales from operations were Rs 1,184.09 lakhs.
- Expenses: Total expenses for the quarter amounted to Rs 1,167.11 lakhs, with the purchase of stock-in-trade being the major component at Rs 1,144.88 lakhs.
- Earnings Per Share (EPS): The company reported an EPS of Rs 0.66 for the quarter.
Key Financial Metrics
| Particulars (in Rs Lakhs) | Q1 (Current) | Q4 (Previous) | Change |
|---|---|---|---|
| Total Revenue | 1,186.70 | 2,983.44 | -60.2% |
| Total Expenses | 1,167.11 | 586.01 | +99.2% |
| Profit/(Loss) Before Tax | 19.59 | (21.68) | N/A |
| Net Profit/(Loss) | 15.59 | (18.71) | N/A |
Board Meeting and Auditor's Review
The board meeting to approve the results was held on August 12. The meeting commenced at 4:00 PM and concluded at 4:45 PM. The financial results were reviewed by the Audit Committee and recommended for adoption to the Board of Directors.
The Statutory Auditors have carried out a review of the financial results as required under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. They have issued an unmodified opinion on the financial statements.
Management Commentary
Kiran Goyal, Managing Director of Nam Securities Limited, stated, "We are pleased to report a profit this quarter, reversing the loss from the previous period. While our revenue has decreased, we have managed to improve our bottom line through efficient cost management and strategic decision-making."
About Nam Securities Limited
Nam Securities Limited is a member of NSE (CM & FO & SX Segments), F&O Clearing, BSE, MSE, and a Depository Participant of NSDL. The company is primarily engaged in the business of broking and financial services.
The financial results have been prepared in accordance with the recognition and measurement principles of Ind AS prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India.
Investors and stakeholders can access the detailed financial results on the Bombay Stock Exchange website ( www.bseindia.com ) and the company's website ( www.namsecurities.in ).
Historical Stock Returns for Nam Securities
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.30% | +3.12% | +1.92% | -5.25% | -46.74% | +183.95% |
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