Sugal & Damani Share Brokers Reports 41.7% Profit Growth in Q1
Sugal & Damani Share Brokers Limited announced strong Q1 financial results with net profit rising 41.7% to Rs 203.88 lakhs. Revenue from operations was Rs 616.39 lakhs. EPS improved to Rs 3.26. The real estate segment generated Rs 556.08 lakhs, while stock broking contributed Rs 82.33 lakhs. The company's 32nd AGM is scheduled for September 29, with book closure from September 15 to 29.
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Sugal & Damani Share Brokers Limited, a company operating in stock broking and real estate segments, has announced robust financial results for the first quarter. The company witnessed a significant increase in net profit, demonstrating strong performance across its business segments.
Financial Highlights
- Net Profit: Rs 203.88 lakhs, up 41.7% from Rs 143.88 lakhs in the same quarter of the previous year
- Revenue from Operations: Rs 616.39 lakhs, compared to Rs 646.10 lakhs in the corresponding quarter
- Earnings per Share (EPS): Rs 3.26, improved from Rs 2.30 in the previous year's quarter
Segment-wise Performance
The company's operations are divided into two primary segments:
- Real Estate: Generated revenue of Rs 556.08 lakhs
- Stock Broking: Contributed Rs 82.33 lakhs to the total revenue
Operational Overview
Despite a slight dip in revenue from operations, Sugal & Damani Share Brokers managed to significantly improve its profitability. This suggests effective cost management and operational efficiency improvements during the quarter.
Other Comprehensive Income
The company reported other comprehensive income of Rs 23.73 lakhs (net of tax), contributing to a total comprehensive income of Rs 227.61 lakhs for the quarter.
Annual General Meeting and Book Closure
The company has scheduled its 32nd Annual General Meeting for September 29. In connection with this, the Register of Members and Share Transfer Books will remain closed from September 15 to September 29 (both days inclusive).
Conclusion
Sugal & Damani Share Brokers Limited has demonstrated a strong start to the fiscal year, with substantial growth in profitability. The company's diverse business model, spanning both stock broking and real estate sectors, appears to be yielding positive results. Investors and stakeholders will likely be watching closely to see if this growth trajectory can be maintained in the coming quarters.
Note: All financial figures are based on the unaudited financial results for the quarter ended June 30, as approved by the company's Board of Directors.
Historical Stock Returns for Sugal & Damani Share Brokers
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.45% | -9.03% | -14.28% | +0.40% | 0.0% | +844.67% |
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