BN Rathi Securities Q1 Results Records ₹13.62 Crores in Revenue Growth

BN Rathi Securities Quarterly Growth

BN Rathi Securities Q1 Results: BN Rathi Securities reported its financial results for the first quarter ending in June 2024. The table shows important numbers in crores (₹). The Total Revenue for this quarter is ₹13.62 crores, which is an increase from ₹10.36 crores in the previous quarter (QoQ) and ₹10.38 crores a year ago (YoY). This shows that the company is growing, as the revenue has improved both quarter-on-quarter and year-over-year.

BN Rathi Securities’ Selling/General/Admin Expenses rose to ₹8.61 crores from ₹6.40 crores in the previous quarter and ₹6.96 crores year-on-year (YoY). The Total Operating Expense also increased to ₹11.64 crores from ₹9.18 crores in March 2023. Despite this rise in expenses, the company managed to show a positive Operating Income of ₹1.98 crores, up from ₹1.18 crores QoQ and ₹1.23 crores YoY.

BN Rathi Securities’ Net Income Before Taxes increased to ₹4.56 crores, significantly higher than ₹2.72 crores in the last quarter and ₹2.95 crores year-on-year. Finally, the Diluted Normalized EPS is now ₹3.51, compared to ₹2.33 in the last quarter and ₹2.63 year-over-year. This overall growth indicates that BN Rathi Securities is doing well financially, with many positive changes compared to both last quarter and last year.

Here's a simplified summary of BN Rathi Securities' Q1 results for June 2024, with the figures presented in a table format:

(Rs. in Lakhs, except the shares)

Source: Here 

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BN Rathi Securities Q1 Results

B.N. Rathi Securities has shared its financial results for the quarter ending June 30, 2024. The company earned Rs. 164,835 lakhs in total income, which includes Rs. 136,231 lakhs from its main operations and Rs. 28,604 lakhs from other sources. This is an increase compared to the previous quarter, where the total income was Rs. 162,328 lakhs. The total expenses for the company were Rs. 119,186 lakhs, which includes costs like brokerage fees, employee salaries, finance costs, and depreciation. These expenses decreased from Rs. 131,033 lakhs in the previous quarter. 

B.N. Rathi Securities profit before tax for the company was Rs. 15,649 lakhs, showing a positive trend. After accounting for taxes, which were Rs. 11,000 lakhs for the current quarter, the net profit reached Rs. 31,828 lakhs, up from Rs. 22,950 lakhs in the previous quarter. The company also reported an other comprehensive income of Rs. 346.20 lakhs. This means B.N. Rathi Securities is performing well, with increased profits and lower expenses, leading to higher earnings per share, which is now Rs. 35.1, compared to Rs. 25.1 in the last quarter.

Here is a simplified summary of the consolidated financial results for B.N. Rathi Securities for the quarter ended June 30, 2024:

(Amounts in Rs. in Lakhs)

BN Rathi Securities Stock Metrics

B.N. Rathi Securities table from BN Rathi Securities shows important financial details about a company's stock. The market cap of ₹177 crore indicates the total value of all its shares. The current price of ₹172 is what investors pay to buy one share. The stock has reached a high of ₹199 and a low of ₹69.4 during a specific period. The P/E ratio of 14.9 tells us how much investors are willing to pay for each unit of earnings. 

Here’s a simple summary of the provided market data:

Quarterly Results 

BN Rathi Securities table shows their financial performance for December 2023, March 2024, and June 2024. In December 2023, their sales were Rs. 11.68 crores, with expenses of Rs. 10.01 crores, leading to an operating profit of Rs. 1.67 crores and a profit before tax of Rs. 3.84 crores. The net profit for this period was Rs. 2.87 crores, and the earnings per share (EPS) were Rs. 2.80. In March 2024, sales increased to Rs. 13.55 crores, but expenses also rose to Rs. 12.78 crores, resulting in lower operating profit of Rs. 0.77 crores. However, net profit was Rs. 2.30 crores, with an EPS of Rs. 2.24. By June 2024, sales slightly increased to Rs. 13.62 crores, and expenses decreased to Rs. 11.48 crores, leading to a higher operating profit of Rs. 2.14 crores and a net profit of Rs. 3.49 crores, with an EPS of Rs. 3.51.

Here’s the table for the specified periods: Dec 2023, Mar 2024, and Jun 2024.

About BN Rathi Securities 

B.N. Rathi Securities (BNRSL) is a well-established stock broking firm in India, providing a wide range of financial services. The company was originally set up as Lark Leasing in 1985 and changed its name to B.N. Rathi Securities in 1994. It was founded by the late Shri B.N. Rathi, who was a significant figure in the Hyderabad Stock Exchange. His family continues to run the company, including his son Shri H.N. Rathi and grandson Mr. Chetan Rathi, who help bring over five decades of experience in the financial market. BNRSL has a strong client base of over 40,000 satisfied customers and manages more than 60,000 accounts as a depository participant. 

B.N. Rathi Securities offers various services like stock broking, IPOs, and internet trading, aiming to meet the needs of both retail and institutional clients. BNRSL is known for its quick online services and strong relationships with clients. The company uses advanced technology to ensure efficient operations and quality service. Over the past 30 years, it has built a solid reputation and consistently paid dividends for the last fifteen years, making it one of the top brokerage firms in South India.