Arihant Capital Markets Limited Announces Unaudited Standalone and Consolidated Earnings Results for the Second Quarter and Half Year Ended September 30, 2014
November 08, 2014 at 04:33 am EST
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Arihant Capital Markets Limited announced unaudited standalone and consolidated earnings results for the second quarter and half year ended September 30, 2014. On standalone basis, for the quarter, the company reported net sales/income from operations of INR 94.149 million against INR 62.522 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 28.211 million against INR 9.281 million a year ago. Profit from ordinary activities before tax was INR 31.631 million against INR 10.700 million a year ago. Net profit for the period was INR 22.951 million or INR 1.10 per basic and diluted share against INR 6.841 million or INR 0.33 per basic and diluted share a year ago.
On standalone basis, for the half year, the company reported net sales/income from operations of INR 192.148 million against INR 123.608 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 53.113 million against INR 14.372 million a year ago. Profit from ordinary activities before tax was INR 61.123 million against INR 23.323 million a year ago. Net profit for the period was INR 43.715 million or INR 2.10 per basic and diluted share against INR 16.724 million or INR 0.80 per basic and diluted share a year ago.
On consolidated basis, for the quarter, the company reported net sales/income from operations of INR 123.145 million against INR 88.317 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 38.011 million against INR 11.753 million a year ago. Profit from ordinary activities before tax was INR 44.502 million against INR 9.691 million a year ago. Net profit for the period was INR 31.301 million or INR 1.52 per basic and diluted share against INR 5.875 million or INR 0.31 per basic and diluted share a year ago.
On consolidated basis, for the half year, the company reported net sales/income from operations of INR 253.088 million against INR 180.136 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 78.433 million against INR 22.174 million a year ago. Profit from ordinary activities before tax was INR 94.367 million against INR 32.967 million a year ago. Net profit for the period was INR 65.592 million or INR 3.18 per basic and diluted share against INR 22.981 million or INR 1.13 per basic and diluted share a year ago.
Arihant Capital Markets Limited is a financial services company. The Company is engaged in stock broking, commodities broking, portfolio management services, financial services, real estate, insurance broking and other related activities. Its segments include Broking & Related Activities, Financing Activities and Real estate development Activities. Its services include equity and equity derivatives, commodity, and currency broking services, margin funding, portfolio management, merchant banking services, financial product distribution, financial planning, insurance services, and depository services. Its products include Broking and Depository, Institutional Broking, Trading Platforms, Merchant Banking, Mutual Funds, Insurance, Portfolio Management Services and others. Its network comprises over 644 investment centers spread across 161 cities in India. Its client base includes retail investors, high net-worth individuals, and both domestic and foreign financial institutions.
Arihant Capital Markets Limited Announces Unaudited Standalone and Consolidated Earnings Results for the Second Quarter and Half Year Ended September 30, 2014