Starteck Finance Reports 107% Surge in Q1 Net Profit, Boosted by Fair Value Gains
Starteck Finance Limited's consolidated net profit for Q1 FY24 jumped 107% to ₹354.36 crore from ₹170.82 crore year-on-year. Total income rose 40.5% to ₹1,022.49 crore, with interest income increasing to ₹737.54 crore. The company saw significant fair value gains on investments of ₹1,491.76 crore, boosting total comprehensive income to ₹1,454.45 crore. Earnings per share improved to ₹3.58 from ₹1.72 in the same quarter last year.