Arihant Capital Markets Limited Reports Unaudited Consolidated and Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2014
February 14, 2015 at 05:43 am EST
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Arihant Capital Markets Limited reported unaudited consolidated and standalone earnings results for the third quarter and nine months ended December 31, 2014. For the quarter, on the standalone basis, net sales/income from operation was INR 78.830 million against INR 63.255 million a year ago. Profit from operation before other income, finance cost and exceptional item was INR 23.310 million against INR 9.344 million a year ago. Profit from ordinary activities before tax was INR 21.991 million against INR 10.630 million a year ago. Net profit was INR 16.361 million or INR 0.79 per basic and diluted share against INR 8.006 million or INR 0.38 per basic and diluted share a year ago.
For the nine months, on the standalone basis, net sales/income from operation was INR 270.978 million against INR 186.863 million a year ago. Profit from operation before other income, finance cost and exceptional item was INR 76.423 million against INR 23.716 million a year ago. Profit from ordinary activities before tax was INR 83.119 million against INR 33.953 million a year ago. Net profit was INR 60.076 million or INR 2.89 per basic and diluted share against INR 24.730 million or INR 1.19 per basic and diluted share a year ago.
For the quarter, on the consolidated basis, net sales/income from operation was INR 98.078 million against INR 81.045 million a year ago. Profit from operation before other income, finance cost and exceptional item was INR 27.847 million against INR 14.032 million a year ago. Profit from ordinary activities before tax was INR 29.193 million against INR 16.483 million a year ago. Net profit was INR 21.293 million or INR 1.03 per basic and diluted share against INR 12.691 million or INR 0.63 per basic and diluted share a year ago.
For the nine months, on the consolidated basis, net sales/income from operation was INR 351.166 million against INR 261.181 million a year ago. Profit from operation before other income, finance cost and exceptional item was INR 106.280 million against INR 36.206 million a year ago. Profit from ordinary activities before tax was INR 123.560 million against INR 49.451 million a year ago. Net profit was INR 86.884 million or INR 4.21 per basic and diluted share against INR 35.671 million or INR 1.76 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 Reports Unaudited Consolidated and Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2014