Shivkamal Impex Reports 63% Jump in Annual Profit to Rs 20.25 Lakhs

Shivkamal Impex Limited, a financial services company, has announced its audited financial results for the quarter and year ended March 31, 2020, showcasing significant growth in profitability and operations.

Annual Performance Highlights

The company reported a substantial increase in its annual profit, which rose by 63% to Rs 20.25 lakhs, up from Rs 12.42 lakhs in the previous year. This growth was accompanied by an improvement in revenue from operations, which increased to Rs 37.47 lakhs from Rs 29.06 lakhs.

Quarterly Results

For the quarter ended March 31, 2020, Shivkamal Impex posted a profit of Rs 7.15 lakhs, more than doubling the Rs 3.07 lakhs reported in the same quarter of the previous year.

Key Financial Metrics

Business Overview

Shivkamal Impex Limited primarily operates in the financial services sector, with interest income serving as its main source of revenue. The company's balance sheet showed positive growth, with total assets increasing to Rs 630.42 lakhs from Rs 599.79 lakhs. Notably, the loans advanced by the company grew to Rs 390.26 lakhs from Rs 331.89 lakhs, indicating an expansion in its lending activities.

Earnings per Share

The company's improved performance is reflected in its earnings per share (EPS), which increased to Rs 2.01 for the full year, up from Rs 1.23 in the previous year, representing a 63% growth in line with the profit increase.

Audit Opinion

It's worth noting that the auditors provided an unmodified opinion on the financial results, which suggests that the financial statements present a fair and accurate view of the company's financial position and performance.

The robust financial results demonstrate Shivkamal Impex Limited's strong performance in the financial year 2020, with significant improvements across key financial metrics.