NewsEarningsUnijolly Investments Reports Q1 Loss Despite Significant Other Comprehensive IncomeUnijolly Investments Reports Q1 Loss Despite Significant Other Comprehensive Income
Unijolly Investments Co, a portfolio investment firm, released Q1 financial results showing a net loss of Rs 39.37 lakhs, up from Rs 2.15 lakhs in the previous year. Total revenue was Rs 0.21 lakhs. Despite increased expenses of Rs 5.63 lakhs, the company recorded a significant other comprehensive income of Rs 213.72 lakhs, resulting in a total comprehensive income of Rs 174.35 lakhs. The Basic and Diluted EPS after OCI was 87.18, while before OCI it was -19.69. The company's board approved these unaudited results, which were reviewed by independent auditors.
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Unijolly Investments Co , a portfolio investment firm, has released its financial results for the first quarter, revealing a mixed performance with a notable increase in net loss but substantial gains in other comprehensive income.
Financial Performance
The company reported a net loss of Rs 39.37 lakhs for Q1, a significant increase from the Rs 2.15 lakhs loss recorded in the same quarter of the previous year. This widening of losses comes despite a marginal total revenue of Rs 0.21 lakhs, which consisted entirely of other income.
Expenses and Operational Challenges
Total expenses for the quarter rose to Rs 5.63 lakhs, up from Rs 4.76 lakhs year-over-year. The breakdown of expenses includes:
- Loss from operations: Rs 3.08 lakhs
- Employee benefits expense: Rs 0.81 lakhs
- Other expenses: Rs 1.74 lakhs
The increase in expenses, particularly the loss from operations, contributed significantly to the overall net loss for the quarter.
Other Comprehensive Income
Despite the operational loss, Unijolly Investments recorded a substantial other comprehensive income of Rs 213.72 lakhs. This led to a total comprehensive income of Rs 174.35 lakhs for the quarter, showcasing the company's ability to generate value through its investment portfolio despite operational challenges.
Earnings Per Share
The company's earnings per share (EPS) figures reflect the impact of both the operational loss and the significant other comprehensive income:
| EPS Type | Value |
|---|---|
| Basic and Diluted EPS (Before OCI) | -19.69 |
| Basic and Diluted EPS (After OCI) | 87.18 |
Company Overview
Unijolly Investments Company Limited operates solely in the portfolio investments sector. The company maintains a paid-up equity share capital of Rs 20 lakhs, with shares having a face value of Rs 10 each.
Board Meeting and Audit Review
The company's Board of Directors convened to approve the unaudited financial results for Q1. The meeting, which began at 11:05 AM and concluded at 11:35 AM, saw the review and approval of the financial statements.
Narasimha Rao and Associates, the company's independent auditors, conducted a limited review of the unaudited financial results. Their review found no material misstatements and confirmed that the financial information was prepared in accordance with applicable Indian Accounting Standards and SEBI regulations.
Outlook
While Unijolly Investments faces challenges in its operational performance, the significant other comprehensive income demonstrates the potential volatility and opportunities within the portfolio investment sector. Investors and stakeholders will likely keep a close eye on how the company manages its investment strategy and operational costs in the coming quarters.
Note: All figures are in Indian Rupees (INR) and lakhs, unless otherwise stated.
Historical Stock Returns for Unijolly Investments Co
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
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