Thakkers Group Reports 85% Revenue Surge in Q1, Net Profit Jumps 68%
Thakkers Group Limited, a real estate developer, reported strong Q1 results with total income rising 85.3% to Rs 791.88 lakhs and net profit increasing 68% to Rs 261.20 lakhs year-over-year. Earnings per share improved to Rs 16.50 from Rs 9.82. The company's reserves grew to Rs 5815.20 lakhs, while paid-up equity share capital remained at Rs 158.33 lakhs. However, revenue saw a slight sequential decline from the previous quarter.
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Thakkers Group Limited , a prominent real estate developer, has reported robust financial results for the first quarter, showcasing significant growth across key metrics.
Strong Revenue Growth
The company's total income for the quarter surged by 85.3%, reaching Rs 791.88 lakhs compared to Rs 427.30 lakhs in the same quarter of the previous year. This substantial increase in revenue highlights Thakkers Group's strong performance and market position.
Impressive Profit Increase
Thakkers Group's net profit for the quarter saw a remarkable 68% increase, rising to Rs 261.20 lakhs from Rs 155.45 lakhs year-on-year. This significant growth in profitability demonstrates the company's ability to effectively manage costs while expanding its operations.
Improved Earnings Per Share
The company's earnings per share (EPS) showed a notable improvement, increasing to Rs 16.50 from Rs 9.82 in the corresponding quarter of the previous year. This rise in EPS reflects the company's enhanced profitability and its positive impact on shareholder value.
Sequential Performance
While the year-on-year growth was impressive, it's worth noting that on a sequential basis, the company's revenue experienced a marginal decline from Rs 871.88 lakhs in the previous quarter to Rs 791.88 lakhs in the current quarter.
Strengthened Financial Position
Thakkers Group's financial position continued to strengthen, with reserves growing to Rs 5815.20 lakhs from Rs 5467.49 lakhs a year ago. The company's paid-up equity share capital remained stable at Rs 158.33 lakhs.
Financial Highlights
| Metric | Q1 (Current Year) | Q1 (Previous Year) | YoY Change |
|---|---|---|---|
| Total Income | 791.88 | 427.30 | 85.3% |
| Net Profit | 261.20 | 155.45 | 68.0% |
| EPS | 16.50 | 9.82 | 68.0% |
| Reserves | 5815.20 | 5467.49 | 6.4% |
The significant growth in revenue and profitability showcases Thakkers Group Limited's strong performance in the real estate sector. The company's ability to substantially increase its income and net profit year-on-year indicates effective business strategies and robust market demand for its offerings.
As the real estate market continues to evolve, Thakkers Group's financial results suggest it is well-positioned to capitalize on opportunities in the sector. Investors and stakeholders will likely keep a close eye on the company's future performance to see if this growth trajectory can be maintained in the coming quarters.
Historical Stock Returns for GKB Ophthalmics
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.24% | -5.29% | +8.75% | -3.11% | -36.80% | +61.88% |
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