Gretex Corporate Services Q1 Results Income ₹755.39 Lakhs & Net Profit ₹128.23 Lakhs

Gretex Corporate Services Q1 Results

Gretex Corporate Services Q1 Results: Gretex Corporate Services has released its financial results for the quarter ending June 30, 2024. During this period, the company earned a total income of ₹755.39 lakhs. This is higher than the ₹687.29 lakhs earned in the previous quarter but slightly lower than the ₹628.79 lakhs earned a year ago. The company’s income comes from operations and other sources. Their expenses for the quarter were ₹584.15 lakhs, which is significantly more than the ₹262.78 lakhs spent in the previous quarter but close to the ₹384.90 lakhs from the same time last year. 

Gretex Corporate Services major expenses include employee salaries, finance costs, depreciation, and other costs. After covering these expenses, Gretex made a profit of ₹171.24 lakhs before taxes, which is lower than the ₹411.14 lakhs profit from the previous quarter but similar to the ₹243.88 lakhs from the same quarter last year. After paying taxes, the company’s net profit was ₹128.23 lakhs. 

Gretex Corporate Services had a large gain of ₹4040.47 lakhs in other comprehensive income, mostly from cash flow hedges, which increased their total comprehensive income to ₹4168.70 lakhs. Their earnings per share (EPS) for this quarter were ₹11.11 for basic and ₹14.11 for diluted shares.

Here’s a summary of the standalone unaudited financial results for Gretex Corporate Services Limited for the quarter ended June 30, 2024:

Source: Here 

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Gretex Corporate Services Financial Performance

Gretex Corporate Services table provides key financial details. The company's market capitalization is ₹584 crore, which is the total value of its outstanding shares. The current stock price is ₹507. The highest price reached in the past is ₹617, while the lowest is ₹185. The stock price-to-earnings (P/E) ratio is 21.2, indicating how much investors are willing to pay for each unit of earnings. The book value per share is ₹94.4, showing the company's net asset value. 

Here's the financial information presented in a simplified table format:

Quarterly Results

The Gretex Corporate Services table shows the company's financial performance over three quarters: Dec 2023, Mar 2024, and Jun 2024. In Dec 2023, the company had high sales and profits, with a strong operating profit margin of 52.69%. By Mar 2024, sales increased further, but expenses also rose, leading to a lower operating profit margin of 35.17%. 

Here's a summary for Dec 2023, Mar 2024, and Jun 2024:

About Gretex Corporate Services 

Gretex Corporate Services is a prominent merchant banker in India, officially recognized by SEBI as a Category I Merchant Banker. The company has achieved significant milestones, including being named a top volume performer for SME IPOs in India for fiscal years 2017-18 and 2020-21, an accolade awarded by the Bombay Stock Exchange (BSE). Gretex was also listed on the BSE SME India platform on August 9, 2021.

Gretex Corporate Services is driven by a clear mission: to become the leading merchant banker in India by 2030, focusing on services such as Initial Public Offerings (IPOs), mergers and acquisitions (M&A), and private equity (PE). Gretex aims to foster growth and create wealth for its investors. Their vision includes building a global network of 100 associates by 2023, reflecting their commitment to expanding their reach and influence.

Gretex Corporate Services offers a wide range of financial services, including IPOs, angel funding, venture capital, private equity, and various types of financial placements and advisory services. With offices in Mumbai, Kolkata, Indore, and Jaipur, Gretex is well-positioned to serve clients across India.