Summit Securities Limited announced robust Q1 financial results for the period ended June 30. Standalone profit reached ₹938.74 crore, up from ₹849.09 crore in the previous year. Consolidated profit soared to ₹2,018.62 crore. The company's performance was driven by substantial gains from fair value changes and increased interest income. Standalone revenue from operations totaled ₹1,177.75 crore, while consolidated revenue hit ₹2,754.29 crore. The company reported significant other comprehensive income due to fair valuation of equity instruments.
05May 25
Summit Securities Reports Q4 Net Loss of ₹46.00 Crore Amid Revenue Decline
Summit Securities Limited reported a consolidated net loss of ₹46.00 crore in Q4 FY 2024-25, contrasting with a profit of ₹144.00 crore in the same quarter last year. Annual results show a consolidated profit after tax of ₹686.96 crore, down from ₹757.30 crore in FY 2023-24. Total income for the year increased to ₹1,190.29 crore from ₹1,022.39 crore. Dividend income rose significantly to ₹990.05 crore, while net gain on fair value changes decreased to ₹168.52 crore. The company maintains a strong balance sheet with total assets of ₹11,376.53 crore and investments valued at ₹11,359.98 crore.