Twentyfirst Century Management Services Reports Mixed Q1 Results
Twentyfirst Century Management Services Limited (TCMS) reported mixed Q1 financial results. Standalone performance showed improvement with income from operations at Rs 286.86 lakhs and net profit of Rs 238.47 lakhs. Consolidated results were mixed, with income from operations at Rs 332.86 lakhs and net profit of Rs 231.48 lakhs. However, negative other comprehensive income led to total comprehensive losses on both standalone and consolidated bases. The company cautioned that quarterly performance may not indicate future results due to the volatile nature of the capital market segment.
*this image is generated using AI for illustrative purposes only.
Twentyfirst Century Management Services Limited (TCMS) has reported mixed financial results for the first quarter. The company, which operates in the capital market segment, saw a significant improvement in its standalone performance but faced challenges on a consolidated basis.
Standalone Performance
On a standalone basis, TCMS reported a robust turnaround in its Q1 performance:
- Income from operations stood at Rs 286.86 lakhs, compared to a loss of Rs 802.74 lakhs in the previous quarter and a profit of Rs 1,442.97 lakhs in the same quarter last year.
- Total revenue for the quarter was Rs 289.57 lakhs, up from a negative Rs 801.10 lakhs in the previous quarter.
- The company posted a net profit of Rs 238.47 lakhs, a significant improvement from a loss of Rs 1,074.53 lakhs in the previous quarter.
- However, other comprehensive income was negative at Rs 701.60 lakhs, resulting in a total comprehensive loss of Rs 463.13 lakhs for the quarter.
Consolidated Results
The consolidated results, which include the performance of its wholly-owned subsidiary Twentyfirst Century Shares & Securities Limited, showed a mixed picture:
- Consolidated income from operations was Rs 332.86 lakhs, compared to a loss of Rs 753.29 lakhs in the previous quarter and a profit of Rs 10,858.16 lakhs in the same quarter last year.
- The group reported a net profit of Rs 231.48 lakhs, reversing the loss of Rs 1,080.59 lakhs from the previous quarter.
- Other comprehensive income was negative at Rs 738.05 lakhs, leading to a total comprehensive loss of Rs 506.57 lakhs for the quarter.
Management Commentary
The company's management noted that TCMS operates solely in the capital market segment, which is subject to fluctuations. They cautioned that the performance for the quarter should not be taken as indicative of future performance due to the nature of risks involved in trading and investments in equity shares.
Financial Ratios
The earnings per share (EPS) for the quarter were as follows:
| Metric | Value |
|---|---|
| Standalone EPS | 2.27 |
| Consolidated EPS | 2.20 |
Outlook
While the company has shown improvement in its standalone operations, the consolidated results reflect the challenges in the broader market environment. The negative other comprehensive income on both standalone and consolidated bases indicates unrealized losses in the investment portfolio, which could be attributed to market volatility.
Investors and analysts will likely monitor how TCMS navigates the dynamic capital market conditions in the coming quarters, especially given the company's cautionary stance on using current performance as a benchmark for future expectations.
The board of directors reviewed and approved these unaudited financial results at their meeting, following a review by the audit committee. The statutory auditors have carried out a limited review of the financial results for the quarter.
Historical Stock Returns for Twentyfirst Century Management Svcs
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.13% | -3.16% | -5.40% | -19.64% | -55.14% | +410.29% |
17
