Amit Securities Reports 69.6% Drop in Q1 Net Profit Amid Trading Challenges
Amit Securities Limited experienced a significant decline in financial performance for the first quarter. Net profit fell by 69.6% year-on-year to Rs 1.51 lakhs, while revenue from operations decreased by 26.7% to Rs 33.93 lakhs. The company's trading segment, which generates the majority of its revenue, saw a 26.7% decrease to Rs 33.92 lakhs. Despite challenges, Amit Securities maintains a debt-free balance sheet with total assets of Rs 1,342.94 lakhs. The company's EPS dropped to Rs 0.02 from Rs 0.07 in the same quarter last year.