Yamini Investments Reports Profit in Q1, Reverses Previous Quarter's Loss
Yamini Investments Company, a Mumbai-based financial services firm, has reported a significant turnaround in Q1 financial performance. The company posted a profit of ₹17.05 lakh, compared to a loss of ₹290.58 lakh in the previous quarter. Revenue increased to ₹322.88 lakh from ₹84.95 lakh, while total expenses reduced to ₹299.84 lakh from ₹477.93 lakh. The Earnings Per Share (EPS) improved to ₹0.00 from -₹0.06. The company's statutory auditors conducted a limited review and found no material misstatements in the financial results.
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Yamini Investments Company , a Mumbai-based financial services firm, has reported a significant turnaround in its financial performance for the first quarter. The company's unaudited financial results, approved by the Board of Directors on August 11, show a marked improvement from the previous quarter.
Financial Highlights
- Profit: ₹17.05 lakh
- Revenue: ₹322.88 lakh, up from ₹84.95 lakh in the previous quarter
- Earnings Per Share (EPS): Improved to ₹0.00 from -₹0.06
- Total Expenses: Reduced to ₹299.84 lakh from ₹477.93 lakh
Quarterly Performance Analysis
Yamini Investments has successfully turned its financial situation around, reporting a profit of ₹17.05 lakh for the quarter. This marks a significant improvement from the loss of ₹290.58 lakh incurred in the previous quarter.
The company's revenue from operations saw a substantial increase, rising to ₹322.88 lakh from ₹84.95 lakh in the previous quarter. This nearly fourfold increase in revenue contributed significantly to the positive bottom line.
Cost Management and Profitability
Yamini Investments demonstrated effective cost management during the quarter. Total expenses were reduced to ₹299.84 lakh, down from ₹477.93 lakh in the previous quarter. This reduction in expenses, coupled with the increased revenue, played a crucial role in achieving profitability.
Comparative Financial Data
| Particulars (in ₹ lakh) | Current Quarter | Previous Quarter | Year-Ago Quarter |
|---|---|---|---|
| Revenue from Operations | 322.88 | 84.95 | 233.02 |
| Total Expenses | 299.84 | 477.93 | 75.32 |
| Profit/(Loss) | 17.05 | (290.58) | 116.70 |
| EPS (Basic) | 0.00 | (0.06) | 0.03 |
Audit Review and Compliance
The company's statutory auditors, SSRV & Associates, conducted a limited review of the financial results as per Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The auditors reported that nothing has come to their attention that causes them to believe that the financial results contain any material misstatement.
Conclusion
Yamini Investments Company's latest quarterly results demonstrate a positive shift in the company's financial performance. The significant increase in revenue, coupled with reduced expenses, has enabled the company to return to profitability. Shareholders and market observers will likely be watching closely to see if this positive trend continues in the coming quarters.
Historical Stock Returns for Yamini Investments Company
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.45% | -4.55% | -6.67% | -42.07% | -46.50% | +211.11% |
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