Sunshine Capital Reports Impressive Q1 Results with Rs. 29.45 Crore Profit
By ScanX News Team
Sunshine Capital Limited, a non-banking financial company, has reported a significant financial turnaround in Q1. The company posted a net profit of Rs. 29.45 crore, compared to a loss of Rs. 7.87 crore in the previous quarter. Total income increased to Rs. 2.33 crore from Rs. 2.07 crore. Basic EPS improved to Rs. 0.06 from negative Rs. 0.02. The company's revenue from operations stood at Rs. 2.04 crore, with other income contributing significantly to overall profitability. Paid-up equity share capital remained at Rs. 522.92 crore.
*this image is generated using AI for illustrative purposes only.
Sunshine Capital Limited , a non-banking financial company, has reported a significant turnaround in its financial performance for the first quarter. The company's Board of Directors approved the unaudited financial results, revealing a remarkable improvement in profitability and overall financial health.
Key Financial Highlights
- Net Profit: Sunshine Capital posted a profit of Rs. 29.45 crore, compared to a loss of Rs. 7.87 crore in the previous quarter.
- Total Income: The company's total income increased to Rs. 2.33 crore from Rs. 2.07 crore in the previous quarter.
- Earnings Per Share (EPS): Basic EPS improved significantly to Rs. 0.06 from negative Rs. 0.02 in the previous quarter.
Financial Performance Overview
| Particulars (in Rs. Lakhs) | Q1 | Q4 | YoY Change |
|---|---|---|---|
| Total Income | 233.41 | -207.33 | 440.74 |
| Net Profit/(Loss) | 2,945.33 | -787.01 | 3,732.34 |
| Basic EPS (in Rs.) | 0.06 | -0.02 | 0.08 |
The company's financial results demonstrate a robust recovery and growth trajectory. The substantial increase in net profit by Rs. 3,732.34 lakhs year-over-year highlights Sunshine Capital's improved operational efficiency and strategic initiatives.
Operational Highlights
Sunshine Capital's revenue from operations stood at Rs. 2.04 crore for the quarter, indicating a stable business performance. The company's other income, including gains from financial instruments and other sources, contributed significantly to the overall profitability.
Capital Structure and Compliance
The company maintained its paid-up equity share capital at Rs. 522.92 crore, with a face value of Re. 1 per share. In compliance with regulatory requirements, Sunshine Capital confirmed that Regulation 32 of SEBI (LODR) Regulations regarding the statement of deviation or variation is not applicable, as the company has not issued shares through public issue, rights issue, or preferential issue during the quarter.
Conclusion
Sunshine Capital Limited's quarterly results reflect a strong performance, with substantial improvements in profitability and income. The company's ability to turn around from a loss in the previous quarter to a significant profit demonstrates resilience and effective financial management. Investors and stakeholders will likely be watching closely to see if this positive trend continues in the coming quarters.
As always, it is advisable for investors to conduct thorough research and consider various factors before making investment decisions based on these quarterly results.
Historical Stock Returns for Sunshine Capital
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -7.69% | -14.29% | -22.58% | -72.09% | -90.00% | +242.86% |
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