Elixir Capital Q1 Results Total Income ₹14.64 Crore & Operating Profit ₹11.62 Crore

Quarterly - Elixir Capital Q1 Results

Elixir Capital Q1 Results: In Q1, Elixir Capital showed strong growth year-over-year (YoY). The total revenue was ₹14.64 Cr., which is a huge increase of 213.07% compared to the same quarter last year. This means the company made more money compared to the previous year.

Looking at the expenses, selling, general, and administrative expenses went up to ₹2.63 Cr., which is 125.78% higher YoY. This shows that the company's costs for these items increased significantly from the previous year. However, depreciation and amortization costs fell by 11.70% YoY, showing a decrease in these expenses.

The total operating expense was ₹3.03 Cr., up 91.22% YoY. This means the company’s overall costs to run its operations were much higher compared to last year.

Despite higher costs, the operating income was ₹11.62 Cr., a huge increase of 275.34% YoY. This indicates that the company made much more profit from its core operations compared to the previous year.

Net income before taxes was ₹11.45 Cr., showing an increase of 268.96% YoY. After taxes, the net income was ₹8.59 Cr., up 180.91% YoY. The diluted normalized earnings per share (EPS) were ₹10.94, which is up 107.58% YoY.

For the quarter-on-quarter (QoQ) comparison, total revenue decreased by 6.56% from the last quarter (Mar 24). Operating income also dropped by 12.73% QoQ, showing that the company’s performance was not as strong compared to the immediate previous quarter. Overall, the YoY growth is very impressive, but the QoQ changes highlight some short-term fluctuations.

Here are the Q1 results highlights for Elixir Capital:

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Elixir Capital Q1 Results

Elixir Capital’s financial results for three months ending June 30, 2024, compared to the previous three months ending March 31, 2024, the same three months last year ending June 30, 2023, and the entire year ending March 31, 2024.

For income, Elixir Capital made 0.00 lakhs from operations in the last three months and had some other small income, totaling 4.44 lakhs. This is slightly less than the previous quarter but higher than the same period last year. The total income for the year was much higher at 91.59 lakhs.

Elixir Capital’s expenses were 6.75 lakhs for the last three months, including costs like employee salaries, legal fees, and other operational costs. This is more than the previous quarter but similar to the same period last year. For the year, total expenses were 18.12 lakhs.

Elixir Capital had a loss of 2.30 lakhs before special items and taxes. After including exceptional items and taxes, the net loss for the last three months was 2.30 lakhs, compared to a loss of 1.87 lakhs in the previous quarter. For the entire year, the company made a profit of 112.28 lakhs. The company’s earnings per share (EPS) were negative for the last three months but positive for the year.

Here’s a simplified summary of the financial results for the period ending June 30, 2024, compared to previous periods:

(All Rs. In Lakhs Except EPS)

Elixir Capital Stock Performance

Elixir Capital's stock information shows that the company's total market value is ₹80.3 crore. The current share price is ₹138, with a high of ₹142 and a low of ₹44. The price-to-earnings (P/E) ratio is 4.17, which is quite low, indicating the stock might be undervalued. The book value per share is ₹83.4, meaning this is the value of the company’s assets per share. The dividend yield is 0.90%, showing the annual return on investment from dividends.

Here’s the information you provided in a simple table format:

Quarterly Results 

For Elixir Capital, the financial results for December 2023 showed a sales figure of Rs. 5.91 crores with expenses of Rs. 1.62 crores, leading to an operating profit of Rs. 4.29 crores. The profit margin was high at 84.76%. By March 2024, sales increased to Rs. 15.81 crores, but expenses also rose to Rs. 2.41 crores. Operating profit surged to Rs. 13.40 crores. The profit margin decreased slightly to 79.35%. In June 2024, sales were Rs. 14.72 crores with expenses climbing to Rs. 3.04 crores.

Here are the transposed quarterly financial results for December 2023, March 2024, and June 2024:

(in Rs. Crores)

About Elixir Capital 

Elixir Capital is a well-established financial services company listed on the Bombay Stock Exchange (BSE). Formerly known as Axis Capital Markets (India), it operates under its new name, Elixir Capital. The company’s subsidiary, Elixir Equities, is a registered stock broker with the Securities and Exchange Board of India (SEBI). They also provide services as a portfolio manager, research analyst, and depository participant with the Central Depository Services .

Elixir Capital specializes in trading and investing in stocks, with a particular focus on small and mid-cap companies, which can offer high returns. They also provide research and advisory services to help clients make informed investment decisions. The company has a strong track record of generating good returns and paying dividends to its shareholders. They keep operational costs low and share the benefits with their investors. The company is led by Mr. Dipan Mehta and Mrs. Radhika Mehta, who have extensive experience in the capital markets and investment management. Elixir Capital aims to help clients build wealth by making smart investments in the stock market.