Sam Industries Reports Strong Q1 Results, Appoints New Secretarial Auditor
Sam Industries' Q1 results show total revenue of Rs. 480.94 crore, a 31.18% year-on-year increase. Profit after tax was Rs. 152.84 crore. The company operates in Real Estate and Investment segments, contributing 48.60% and 51.40% to revenue respectively. Key board decisions include appointing M/s. M. Maheshwari & Associates as Secretarial Auditor, considering re-appointment of Mrs. Gitanjali A. Maheshwari as Whole Time Director, scheduling the 31st AGM for September 30, and setting September 23 as the record date. The company reported total outstanding loans of Rs. 2,134.00 crore, total assets of Rs. 11,369.44 crore, and total liabilities of Rs. 4,134.35 crore.
*this image is generated using AI for illustrative purposes only.
Sam Industries announced its unaudited financial results for the first quarter, showcasing robust performance and key board decisions.
Financial Highlights
The company reported a significant increase in total revenue for Q1, reaching Rs. 480.94 crore, compared to Rs. 366.63 crore in the same quarter last year. This represents a year-on-year growth of 31.18%.
Sam Industries' profit after tax (PAT) for the quarter stood at Rs. 152.84 crore, marking a decrease from Rs. 161.54 crore in Q1 of the previous year. The company's earnings per share (EPS) for the quarter improved to Rs. 2.83, up from Rs. 1.38 in the corresponding quarter of the previous year.
Segment Performance
The company operates in two main segments:
| Segment | Revenue (Rs. crore) | Contribution |
|---|---|---|
| Real Estate | 233.74 | 48.60% |
| Investment | 247.20 | 51.40% |
Key Board Decisions
During its 4th Board Meeting held on August 12, Sam Industries' Board of Directors made several important decisions:
Appointment of Secretarial Auditor: The Board approved the appointment of M/s. M. Maheshwari & Associates as the company's Secretarial Auditor for a period of five consecutive years, from April 1 to March 31, 2030. This appointment is subject to shareholder approval at the upcoming Annual General Meeting (AGM).
Re-appointment of Whole Time Director: The Board considered the retirement of Mrs. Gitanjali A. Maheshwari, Whole Time Director, who will retire by rotation at the ensuing 31st AGM. She has offered herself for re-appointment.
Annual General Meeting: The 31st AGM of Sam Industries is scheduled for September 30, to be held through Video Conferencing (VC) or Other Audio-Visual Means (OAVM).
Book Closure and Record Date: The Register of Members and Share Transfer Books will remain closed from September 24 to September 30 (both days inclusive) for the purpose of the AGM. The record date has been set as September 23.
Financial Position
Sam Industries reported:
- Total outstanding loans: Rs. 2,134.00 crore
- Total assets: Rs. 11,369.44 crore
- Total liabilities: Rs. 4,134.35 crore
The company reported no defaults on any of its debt obligations.
Sam Industries continues to demonstrate strong financial performance and corporate governance practices. The company's focus on both real estate and investment segments appears to be yielding positive results, as reflected in the impressive Q1 numbers.
Historical Stock Returns for Sam Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -100.00% | -100.00% | -100.00% | -100.00% | -100.00% | -100.00% |
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