Rajkot Investment Trust Reports 30% Surge in Q1 Profit, Revenue Remains Stable
Rajkot Investment Trust's Q1 results show a 30% increase in net profit to ₹9.52 lakhs, despite flat total revenue of ₹22.56 lakhs. EPS improved to ₹0.95. The company managed costs effectively, with employee benefit expenses decreasing significantly. The Board approved these unaudited results on August 6, which were reviewed by Statutory Auditors with an unmodified conclusion.
*this image is generated using AI for illustrative purposes only.
Rajkot Investment Trust has reported a significant increase in its net profit for the quarter ended June 30, despite flat revenue growth. The company's financial performance shows resilience in a challenging economic environment.
Financial Highlights
- Net profit jumped 30% to ₹9.52 lakhs, up from ₹7.33 lakhs in the same quarter last year
- Total revenue remained stable at ₹22.56 lakhs, compared to ₹22.54 lakhs year-over-year
- Earnings per share (EPS) improved to ₹0.95 from ₹0.73 in the previous year's quarter
Revenue Breakdown
The company's revenue composition for Q1 shows:
- Revenue from operations declined to ₹15.93 lakhs from ₹17.17 lakhs
- Other income increased to ₹6.63 lakhs from ₹5.37 lakhs
Cost Management
Rajkot Investment Trust demonstrated effective cost management:
- Employee benefit expenses decreased significantly to ₹2.45 lakhs from ₹6.45 lakhs
- Other expenses rose to ₹10.59 lakhs from ₹8.76 lakhs
Financial Results Table
| Particulars (₹ in Lakhs) | Q1 (Un-Audited) | Q1 (Un-Audited) Previous Year | % Change |
|---|---|---|---|
| Revenue from operations | 15.93 | 17.17 | -7.22% |
| Other Income | 6.63 | 5.37 | 23.46% |
| Total Revenue | 22.56 | 22.54 | 0.09% |
| Employee benefits expense | 2.45 | 6.45 | -62.02% |
| Other Expenses | 10.59 | 8.76 | 20.89% |
| Total Expenses | 13.04 | 15.21 | -14.27% |
| Net Profit | 9.52 | 7.33 | 29.88% |
| EPS (Basic & Diluted) | 0.95 | 0.73 | 30.14% |
Board Approval and Audit Review
The Board of Directors of Rajkot Investment Trust approved these unaudited standalone financial results on August 6. The results were reviewed by the Audit Committee and subsequently approved by the Board in a meeting that commenced at 2:30 p.m. and concluded at 3:00 p.m.
The Statutory Auditors of the Company carried out a limited review of the quarter's financial figures and expressed an unmodified review conclusion.
Regulatory Compliance
The financial results are in compliance with the Indian Accounting Standards (Ind AS) notified by the Ministry of Corporate Affairs and adhere to the requirements set by the Securities and Exchange Board of India (SEBI) under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Rajkot Investment Trust, registered as a Non-Banking Financial Company (NBFC), reported no separate reportable segments as per IND-AS 108 on "Operating Segments."
The company's performance in Q1 demonstrates its ability to enhance profitability while maintaining revenue levels, showcasing effective cost management strategies in a competitive financial services landscape.
Historical Stock Returns for Rajkot Investment Trust
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.31% | -8.31% | -1.16% | +24.93% | +0.43% | +226.92% |
16
