Tashi India Limited Reports Robust Q1 Performance with 229% Surge in Net Profit

Tashi India Limited , a company primarily engaged in the financing business, has reported a strong financial performance for the first quarter. The company's unaudited standalone financial results, approved by the Board of Directors, reveal significant growth in both revenue and profitability.

Financial Highlights

• Net Profit: Rs 22.34 lakhs, up 229% from Rs 6.78 lakhs in Q1 of the previous year
• Total Income: Rs 35.94 lakhs, increased by 117% from Rs 16.53 lakhs year-over-year
• Revenue from Operations: Rs 13.52 lakhs
• Other Income: Rs 22.42 lakhs
• Total Expenses: Decreased to Rs 6.09 lakhs from Rs 7.48 lakhs in the previous year's quarter
• Earnings Per Share (EPS): Improved to Rs 10.66 from Rs 1.77 in the corresponding period

Key Financial Metrics

The company's performance shows a remarkable improvement across all key financial parameters. The substantial increase in total income, coupled with a reduction in expenses, has led to a significant boost in profitability.

Other Notable Points

• The company's paid-up equity share capital stands at Rs 74.25 lakhs, with a face value of Rs 10 per share.
• Tashi India Limited is primarily engaged in the financing business, and as per Indian Accounting Standard 108, there are no separate reportable segments.
• The Board meeting for approving these results was held on August 02, at the company's registered office in Nagpur.

Conclusion

Tashi India Limited's Q1 results demonstrate a robust financial performance, with substantial improvements in revenue and profitability. The company's ability to grow its income while managing expenses effectively has resulted in a noteworthy increase in shareholder value, as evidenced by the significant rise in earnings per share.

Investors and stakeholders may find these results encouraging, as they reflect the company's strong financial health and growth potential in the financing sector. However, it's important to note that these are unaudited results, and the final audited figures may be subject to changes.