SIL Investments Reports Strong Q1 Performance with 480 Lakh Standalone Profit
SIL Investments has reported a substantial improvement in its financial performance for the quarter ended June 30. The company posted a standalone profit of Rs. 480.00 lakhs, compared to a loss in the previous quarter and a higher profit than the same quarter last year. Total standalone income increased to Rs. 897.00 lakhs. On a consolidated basis, the profit stood at Rs. 819.00 lakhs with total income reaching Rs. 1,367.00 lakhs. Key revenue contributors included interest income, dividend income, and net gain on fair value changes. However, the company also reported a significant other comprehensive loss of Rs. 14,443.00 lakhs.
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SIL Investments , a prominent player in the investment and financing sector, has reported a significant improvement in its financial performance for the quarter ended June 30.
Financial Highlights
- Standalone profit of Rs. 480.00 lakhs, compared to a loss of Rs. 133.00 lakhs in the previous quarter and a profit of Rs. 176.00 lakhs in the same quarter last year
- Consolidated profit of Rs. 819.00 lakhs
- Total standalone income increased to Rs. 897.00 lakhs from Rs. 125.00 lakhs in the previous quarter
- Consolidated total income reached Rs. 1,367.00 lakhs
Detailed Financial Performance
According to the unaudited financial results:
| Particulars (Standalone) | Q1 (Current) | Previous Quarter | Q1 (Previous Year) |
|---|---|---|---|
| Profit/(Loss) | 480.00 | (133.00) | 176.00 |
| Total Income | 897.00 | 125.00 | Not Given |
Key Contributors to Growth
Revenue from Operations:
- Interest Income: Rs. 304.00 lakhs
- Dividend Income: Rs. 7.00 lakhs
- Net gain on fair value changes: Rs. 488.00 lakhs
Other Comprehensive Income: The company experienced a substantial other comprehensive loss of Rs. 14,443.00 lakhs, resulting in a total comprehensive loss of Rs. 13,963.00 lakhs
Earnings Per Share
- Standalone: Basic and diluted EPS of Rs. 4.54
- Consolidated: Basic and diluted EPS of Rs. 7.47
About SIL Investments
SIL Investments operates primarily in the 'Investments and financing Activities' segment. The company adheres to Indian Accounting Standards (Ind AS) in preparing its financial statements, ensuring compliance with regulatory requirements and maintaining transparency in financial reporting.
The significant improvement in SIL Investments' financial performance this quarter, particularly the turnaround from loss to profit on a standalone basis, demonstrates the company's resilience and effective investment strategies. However, the substantial other comprehensive loss warrants attention and may impact the overall financial position of the company.
Historical Stock Returns for SIL Investments
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.27% | -1.45% | -1.67% | -1.83% | -17.04% | +337.86% |
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