Ganges Securities Ltd's Q3FY25 Quarter Results
- 14 Feb 2025
Result Summary
- Ganges Securities Ltd reported a 13.8% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a decline of 2.9%.
- Its expenses for the quarter were up by 83.8% QoQ and down 0.8% YoY.
- The net profit decreased 85.7% QoQ and decreased 23.1% YoY.
- The earnings per share (EPS) of Ganges Securities Ltd stood at 1 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 13.22 | 15.33 | 13.62 | -13.8% | -2.9% |
Total Expenses | 11.78 | 6.41 | 11.87 | 83.8% | -0.8% |
Profit Before Tax | 1.43 | 8.92 | 1.75 | -84.0% | -18.3% |
Tax | 0.40 | 1.70 | 0.41 | -76.5% | -2.4% |
Profit After Tax | 1.03 | 7.22 | 1.34 | -85.7% | -23.1% |
Earnings Per Share | 1.00 | 7.20 | 1.30 | -86.1% | -23.1% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Ganges Securities Ltd is a company that operates in the financial services sector. The company is primarily engaged in the business of managing investments, including securities, bonds, and other financial instruments. However, specific details about its main products or services, as well as any recent major developments, are not available. As a financial entity, Ganges Securities Ltd likely focuses on providing comprehensive investment solutions and managing portfolios for its clients. The company's operations are influenced by market conditions, regulatory changes, and economic trends, which can impact its financial performance.
Revenue
For the third quarter of the fiscal year 2025 (Q3FY25), Ganges Securities Ltd reported total income of ₹13.22 crores. This represents a decrease of 13.8% quarter-over-quarter compared to ₹15.33 crores in the second quarter of FY25. When compared year-over-year, there was a slight decline of 2.9% from ₹13.62 crores in Q3FY24. This suggests a challenging quarter in terms of revenue generation for the company. The fluctuations in total income could be attributed to various factors such as changes in market demand, client portfolio adjustments, or external economic conditions affecting the company's revenue streams.
Profitability
In Q3FY25, Ganges Securities Ltd recorded a profit before tax of ₹1.43 crores. This reflects a significant decrease of 84.0% from the previous quarter (Q2FY25), where the profit before tax was ₹8.92 crores. Year-over-year, there was a decline of 18.3% from ₹1.75 crores in Q3FY24. The tax expenses for Q3FY25 stood at ₹0.40 crores, down 76.5% from Q2FY25 and slightly lower by 2.4% compared to Q3FY24. Consequently, the profit after tax for Q3FY25 was ₹1.03 crores, showing a decrease of 85.7% from Q2FY25 and a decline of 23.1% year-over-year from ₹1.34 crores in Q3FY24. The company's earnings per share also reflected these trends, decreasing to ₹1.00 in Q3FY25 from ₹7.20 in Q2FY25 and ₹1.30 in Q3FY24.
Operating Metrics
During Q3FY25, Ganges Securities Ltd reported total expenses of ₹11.78 crores. This marks a substantial increase of 83.8% quarter-over-quarter from ₹6.41 crores in Q2FY25. Year-over-year, total expenses decreased slightly by 0.8% from ₹11.87 crores in Q3FY24. The significant rise in expenses on a quarterly basis could be attributed to various operational factors, such as increased administrative costs, higher investment in business operations, or other variable expenses. The company's ability to manage these expenses effectively is crucial for maintaining its profitability amidst fluctuating income levels. These metrics provide insight into the company's operational efficiency and cost management strategies over the reported periods.
