VLS Finance Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2022
November 09, 2022 at 08:44 am EST
Share
VLS Finance Limited reported earnings results for the second quarter and six months ended September 30, 2022. For the second quarter, the company reported revenue was INR 805.04 million compared to INR 978.95 million a year ago. Net income was INR 620.49 million compared to INR 798.67 million a year ago. Basic earnings per share from continuing operations was INR 16.05 compared to INR 20.66 a year ago. Diluted earnings per share from continuing operations was INR 16.05 compared to INR 20.66 a year ago.
For the six months, revenue was INR 270.36 million compared to INR 1,834.08 million a year ago. Net income was INR 186.28 million compared to INR 1,520.29 million a year ago. Basic earnings per share from continuing operations was INR 4.82 compared to INR 39.33 a year ago. Diluted earnings per share from continuing operations was INR 4.82 compared to INR 39.33 a year ago.
VLS Finance Limited is an India-based stockbroker company. The Company is focused on stock broking, proprietary investments and equity research, investment banking and corporate consulting and advisory services. It is also primarily focused on financial services. The Company is primarily engaged in the business of the investment & sale/purchase of shares/securities & the derivatives segment. The Company has a diversified portfolio of strategic proprietary investments spread across sectors like media, information technology (IT), business process outsourcing (BPO), healthcare, transport / logistics, real estate, consumer goods (Footwear), fast-moving consumer goods (FMCG). The Companyâs subsidiaries include VLS Securities Limited, VLS Asset Management Limited and VLS Real Estate Limited. VLS Securities Limited is engaged in providing consulting and advisory services to areas of activity of the Company. It operates through the capital market, and the future and options segments.