Wealth First Portfolio Managers Ltd's Q3FY25 Quarter Results
- 28 Jan 2025
Result Summary
- Wealth First Portfolio Managers Ltd reported a 26.8% 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 growth of 5.5%.
- Its expenses for the quarter were down by 14.1% QoQ and up 19.6% YoY.
- The net profit decreased 38.9% QoQ and decreased 8.2% YoY.
- The earnings per share (EPS) of Wealth First Portfolio Managers Ltd stood at 8.7 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 17.22 | 23.54 | 16.33 | -26.8% | 5.5% |
Total Expenses | 3.48 | 4.05 | 2.91 | -14.1% | 19.6% |
Profit Before Tax | 12.23 | 19.49 | 13.42 | -37.2% | -8.9% |
Tax | 2.96 | 4.33 | 3.31 | -31.6% | -10.6% |
Profit After Tax | 9.27 | 15.16 | 10.10 | -38.9% | -8.2% |
Earnings Per Share | 8.70 | 14.20 | 9.50 | -38.7% | -8.4% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Wealth First Portfolio Managers Ltd is a financial services company that primarily focuses on portfolio management and wealth advisory services. The company operates within the financial services industry, catering to a diverse range of clients by providing customized investment solutions and financial planning advice. While specific details about recent major developments for Wealth First Portfolio Managers Ltd are not available, companies in this sector typically experience changes due to regulatory shifts, market dynamics, and technological advancements. Wealth First's offerings are likely to include investment management for individual and institutional clients, focusing on optimizing returns and managing risk in their investment portfolios.
Revenue
In Q3FY25, Wealth First Portfolio Managers Ltd reported total income of ₹17.22 crores. This represents a decrease of 26.8% compared to the previous quarter (Q2FY25), where total income was ₹23.54 crores. However, on a year-over-year basis, there is a 5.5% increase in total income from ₹16.33 crores in Q3FY24. The company's revenue trends show a quarterly decrease but maintain growth when compared to the same period last year. This fluctuation may reflect seasonal or cyclical variations common in the financial services sector.
Profitability
For the third quarter of FY25, Wealth First reported a profit before tax of ₹12.23 crores, which marks a decline of 37.2% from ₹19.49 crores in Q2FY25. Year-over-year, there is a decrease of 8.9% from ₹13.42 crores in Q3FY24. The tax expense also decreased by 31.6% quarter-over-quarter and 10.6% year-over-year, amounting to ₹2.96 crores in Q3FY25. Consequently, the profit after tax for Q3FY25 was ₹9.27 crores, down from ₹15.16 crores in Q2FY25, showing a QoQ decline of 38.9%, and an 8.2% decrease from ₹10.10 crores in Q3FY24. The earnings per share (EPS) followed a similar trend, falling to ₹8.70 in Q3FY25 from ₹14.20 in the previous quarter, as well as a decrease from ₹9.50 in the same quarter of the previous year.
Operating Metrics
The company's total expenses for Q3FY25 were reported at ₹3.48 crores, showing a reduction of 14.1% from ₹4.05 crores in Q2FY25. Year-over-year, total expenses increased by 19.6% from ₹2.91 crores in Q3FY24. This indicates a reduction in quarterly operating costs but an increase when compared to the previous year. The significant changes in these operating metrics reflect the company's efforts in managing operational expenses in varying market conditions. The company’s focus on cost management is evidenced by the quarterly reduction in expenses despite the increase on a year-over-year basis.
