Summit Securities Reports Robust Q2 Performance with ₹9,066 Crore Profit

Summit Securities Limited , a prominent player in the financial sector, has announced its unaudited financial results for the second quarter and half-year ended September 30, showcasing a strong performance across key financial metrics.

Quarterly Performance Highlights

Summit Securities reported a consolidated profit of ₹9,066.16 crore for the quarter ended September 30, marking a significant increase from ₹7,515.04 crore in the corresponding quarter of the previous year. This represents a year-on-year growth of approximately 20.6%.

The company's revenue from operations for the quarter stood at ₹11,968.02 crore, driven primarily by robust dividend income and gains from fair value changes. The breakdown of revenue components is as follows:

Revenue Component	Amount (₹ in crore)
Dividend Income	11,534.73
Net Gains on Fair Value Changes	354.98
Interest Income	78.31

Half-Year Performance

For the half-year ended September 30, Summit Securities' consolidated profit reached ₹11,084.78 crore, compared to ₹7,809.50 crore in the same period last year, showing a substantial growth of about 41.9%.

Financial Position

The company's balance sheet remains strong, with total assets standing at ₹12,88,816.76 crore as of September 30. The investment portfolio, which forms a significant part of the company's assets, was valued at ₹12,87,768.66 crore.

Earnings Per Share

The basic and diluted earnings per share (EPS) for the quarter stood at ₹83.16, not annualized, reflecting the company's strong profitability.

About Summit Securities Limited

Summit Securities Limited operates as a non-banking financial company (NBFC) with a focus on holding and investing activities. The company's primary source of income is through dividends, interest, and gains from investments.

Summit Securities' robust financial performance in Q2 and H1 underscores its strong position in the market and effective investment strategies. The significant growth in profit and revenue highlights the company's ability to generate substantial returns for its shareholders in a dynamic financial landscape.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.40%	-2.63%	+3.38%	+13.60%	-38.01%	+448.11%

Summit Securities Limited , a prominent investment holding company, has announced strong financial results for the first quarter ended June 30. The company's performance showcases significant growth in both standalone and consolidated figures, driven by substantial gains from fair value changes and increased interest income.

Standalone Performance Highlights

Summit Securities reported a standalone profit of ₹938.74 crore for Q1, marking a notable increase from ₹849.09 crore in the corresponding quarter of the previous year. The company's earnings per share (EPS) stood at ₹8.61, reflecting solid profitability.

Total revenue from operations reached ₹1,177.75 crore, with the following key components:

Revenue Source	Amount (₹ in crore)
Net gain on fair value changes	1,131.62
Interest income	45.58
Dividend income	0.55

The company's performance was primarily driven by a substantial net gain on fair value changes, which accounted for over 96% of the total revenue from operations.

Consolidated Results Show Stronger Growth

On a consolidated basis, Summit Securities and its subsidiaries demonstrated even more impressive results:

Consolidated profit: ₹2,018.62 crore
Consolidated earnings per share: ₹18.52
Consolidated revenue from operations: ₹2,754.29 crore

The consolidated revenue breakdown includes:

Revenue Source	Amount (₹ in crore)
Net gain on fair value changes	2,665.78
Interest income	86.52
Dividend income	2.07

Other Comprehensive Income

Summit Securities reported a significant increase in other comprehensive income, primarily due to fair valuation of equity instruments. On a standalone basis, this amounted to ₹82,379.46 crore, while the consolidated figure reached ₹2,36,341.09 crore.

Management Commentary

The Board of Directors approved these unaudited financial results at their meeting held on July 29. The company continues to operate as a single segment focused on holding and investing activities, earning income through dividends, interest, and gains from investments.

About Summit Securities Limited

Summit Securities Limited operates as an investment holding company, with a primary focus on earning income through dividends, interest, and capital gains from its investment portfolio. The company's strategic investments and financial management have contributed to its strong performance in the quarter.

Investors and analysts will likely view these results positively, given the substantial increase in profits and the company's ability to generate significant gains from its investment activities. As Summit Securities continues to navigate the dynamic financial landscape, its performance in the coming quarters will be closely watched by market participants.