Symbiox Investment & Trading Co Reports Robust Q1 Results with 1095% Profit Surge
Symbiox Investment & Trading Co Ltd, a Kolkata-based firm, reported a substantial improvement in Q1 financial performance. Profit increased to ₹6.69 lakh from ₹0.56 lakh year-over-year, a 1095% growth. Revenue from operations rose 46.7% to ₹45.81 lakh. Total income reached ₹46.00 lakh, up 47.3%. The company showed a turnaround from the previous quarter's loss of ₹29.94 lakh. The board approved these unaudited results on August 6, with auditors SS RV & Associates conducting a limited review.
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Symbiox Investment & Trading Co Ltd , a Kolkata-based investment and trading firm, has reported a significant improvement in its financial performance for the first quarter. The company's board of directors approved the unaudited financial results in a meeting held on August 6.
Financial Highlights
Profit Surge: The company reported a profit of ₹6.69 lakh for the quarter, marking a substantial increase from ₹0.56 lakh in the same quarter last year. This represents a year-over-year growth of approximately 1095%.
Revenue Growth: Revenue from operations increased to ₹45.81 lakh from ₹31.23 lakh year-over-year, showing a growth of about 46.7%.
Total Income: The company's total income reached ₹46.00 lakh versus ₹31.23 lakh in the previous year's quarter, indicating a rise of 47.3%.
Earnings Per Share: Basic earnings per share improved to ₹0.02 from ₹0.00 in the corresponding quarter last year.
Quarterly Performance Comparison
The following table summarizes the key financial metrics for the current quarter compared to the previous quarter and the same quarter last year:
| Particulars (₹ in Lakh) | Current Quarter | Previous Quarter | Year-Ago Quarter |
|---|---|---|---|
| Revenue from Operations | 45.81 | 124.50 | 31.23 |
| Total Income | 46.00 | 124.89 | 31.23 |
| Profit Before Tax | 9.04 | -40.46 | 0.75 |
| Net Profit | 6.69 | -29.94 | 0.56 |
Turnaround from Previous Quarter
The current quarter results represent a significant turnaround from the previous quarter, when the company had posted a loss of ₹29.94 lakh. This improvement indicates a positive shift in the company's operational efficiency and market performance.
Management's Actions
The board meeting, which commenced at 2:00 PM and concluded at 3:15 PM on August 6, also adopted the auditor's limited review report. The statutory auditors, SS RV & Associates, Chartered Accountants, conducted a review of the financial results in accordance with the Standard on Review Engagements (SRE) 2410.
Auditor's Review
The independent auditors' review report stated that nothing has come to their attention that causes them to believe that the financial results were not prepared in accordance with applicable accounting standards and other recognized accounting practices and policies.
Symbiox Investment & Trading Co Ltd's strong start to the quarter reflects positively on its business strategies and market positioning. Investors and stakeholders will likely keep a close watch on the company's performance in the coming quarters to see if this growth trajectory can be maintained.
Historical Stock Returns for Symbiox Investment & Trading
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.46% | -0.36% | +5.30% | -22.78% | -4.14% | +195.74% |
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