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P. H. Capital Q1 Results Revenue Up 27.14% QoQ, Operating Income Down 0.00% QoQ

P. H. Capital Q1 Results reported with total revenue for Q1 2024 was ₹4729.97 lakhs, up 8.19% from ₹4372.05 lakhs in Q1 2023 but down 27.14% from ₹6491.92 lakhs in the previous quarter and Net profit decreased to ₹121.41 lakhs.  

by Ruksana

Updated Aug 27, 2024

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P. H. Capital Q1 Results Revenue Up 27.14% QoQ, Operating Income Down 0.00% QoQ

P. H. Capital Q1 Results: PH Capital had mixed financial results in the first quarter of 2024. Their total revenue was 47.30 crores, which was higher than 43.72 crores in the same period last year but lower compared to 15.50 crores in the previous quarter. This shows that their revenue grew compared to last year but fell from the last quarter. Their total expenses for selling, general, and administrative costs were 0.48 crores, a slight increase from 0.44 crores last year, showing a small rise in these costs. 

P. H. Capital’s depreciation and amortization costs went up to 0.07 crores from 0.04 crores a year ago, indicating more spending on equipment and assets. Other operating expenses decreased significantly to 0.27 crores from 0.69 crores last quarter, which is a positive change. Total operating expenses were 45.65 crores, up from 38.99 crores last year, indicating higher costs. 

P. H. Capital’s operating income fell to 1.65 crores, down sharply from 4.73 crores a year ago. Net income before taxes and net income both also fell, showing lower profitability. The diluted normalized EPS dropped to 4.05 from 11.43 last year, reflecting the overall decline in earnings per share.

Here is the quarterly financial result for PH Capital for Q1, presented in simple English:

(All figures in crores except per share values)

Metric

Jun 24

Mar 23

QoQ Change

Jun 23

YoY Change

Total Revenue

47.30

15.50

-27.14%

43.72

8.19%

Selling/General/Admin Expenses

0.48

0.44

-0.31%

0.44

9.14%

Depreciation/Amortization

0.07

0.06

0.56%

0.04

69.76%

Other Operating Expenses

0.27

0.69

-52.95%

0.17

53.66%

Total Operating Expense

45.65

22.20

-30.62%

38.99

17.08%

Operating Income

1.65

-6.70

0.00%

4.73

-65.16%

Net Income Before Taxes

1.61

-6.76

0.00%

4.68

-65.53%

Net Income

1.21

-5.07

0.00%

3.43

-64.58%

Diluted Normalized EPS

4.05

-16.89

0.00%

11.43

-64.57%

Source: Here 

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P. H. Capital Q1 Results 

The financial statement from P. H. Capital for the quarter ending June 30, 2024, shows the company's earnings and expenses. For this quarter, the total revenue from operations was ₹4729.97 lakhs, which is an increase from ₹4372.05 lakhs in the same quarter of the previous year. The company also earned a small amount of other income, totaling ₹0.01 lakhs. Adding these together, the total income for the quarter was ₹4729.98 lakhs.

P. H. Capital’s expenses for the quarter included purchases of stock-in-trade worth ₹6409.49 lakhs, up from ₹4846.37 lakhs the previous year. There was a negative change in inventory, meaning the company had less finished goods and work in progress. Employee benefits cost ₹48.50 lakhs, finance costs were ₹3.46 lakhs, and depreciation and administrative expenses were ₹7.13 lakhs and ₹26.65 lakhs respectively. Total expenses for the quarter amounted to ₹4568.74 lakhs.

P. H. Capital’s before taxes, the company had a profit of ₹161.24 lakhs. After accounting for taxes, including current and deferred taxes, the net profit for the quarter was ₹121.41 lakhs. The earnings per share were ₹4.05, indicating the profit made for each share of the company’s stock. The company’s paid-up equity capital remained at ₹300.01 lakhs.

Here's the statement of unaudited financial results for P. H. Capital for the quarter ended June 30, 2024:

(₹ in Lakhs except per share data)

PARTICULARS

Quarter Ended

30.06.2024

30.06.2023

31.03.2024

31.03.2024 (Audited)

I. REVENUE FROM OPERATIONS

         

Total Revenue from Operations

 

4729.97

4372.05

6491.92

16132.45

II. Other Income

 

0.01

0.00

0.00

10.09

III. Total Income (I+II)

 

4729.98

4372.05

6491.92

16142.64

EXPENDITURE

         

(a) Purchases of Stock-in-Trade

 

6409.49

4846.37

4868.82

14311.82

(b) Changes in Inventories

 

(926.50)

(1013.08)

1598.96

-

(c) Employees Benefits Expenses

 

48.50

44.44

48.65

181.45

(d) Finance Cost

 

3.46

5.05

5.06

23.82

(e) Depreciation and Amortization

 

7.13

4.20

7.09

27.08

(f) Other Administrative Expenses

 

26.65

17.35

56.67

117.27

Total Expenses

 

4568.74

3904.33

6585.24

19418.05

V. Profit / (Loss) Before Exceptional Items and Tax (III - Total Expenses)

 

161.24

467.71

(93.32)

2724.49

VI. Exceptional Items

 

-

-

-

-

VII. Profit Before Tax (V - VI)

 

161.24

467.71

(93.32)

2724.49

VIII. Tax Expenses

         

(a) Current Tax

 

5.65

-

-

375.00

(b) Deferred Tax

 

39.83

124.94

(47.48)

325.28

(c) Short/(Excess) Provision in Earlier Year

 

-

-

-

11.35

IX. Net Profit for the Period (VII - VIII)

 

121.41

342.77

(51.49)

2012.87

X. Other Comprehensive Income (OCI)

         

Items that will not be reclassified subsequently to profit and loss

 

-

-

-

-

Items that will be reclassified subsequently to profit and loss

 

-

-

-

-

Total Comprehensive Income for the Period (IX + X)

 

121.41

342.77

(51.49)

2012.87

Paid-up Equity Capital (Face Value of ₹10/- Each)

 

300.01

300.01

300.01

300.01

XI. Reserve excluding Revaluation Reserve

 

-

-

-

4343.29

XII. Earnings per Share (EPS) (Not Annualised)

         

(a) Basic

 

4.05

11.43

(1.72)

67.09

(b) Diluted

 

4.06

11.43

(1.72)

67.09

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P. H. Capital Financial Performance

The table shows key financial details for P.H. Capital. The company's market capitalization is ₹51.0 Crore, which is the total value of its shares. The current stock price is ₹170, but it has fluctuated between ₹68.0 and ₹266 over the past year. The Price-to-Earnings (P/E) ratio is 2.54, indicating the stock is relatively cheap compared to its earnings. 

Sure! Here's the information in a table format:

Metric

Value

Market Capitalization

₹51.0 Crore

Current Stock Price

₹170

52-Week High / Low

₹266 / ₹68.0

Stock Price-to-Earnings Ratio (P/E)

2.54

Book Value

₹155

Dividend Yield

0.14%

Return on Capital Employed (ROCE)

73.6%

Return on Equity (ROE)

55.3%

Face Value

₹10.0

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Quarterly Results 

For P. H. Capital in Dec 2023, Mar 2024, and Jun 2024, the data shows varying financial performance. In Dec 2023, the company achieved sales of Rs. 29.89 crores with a strong operating profit of Rs. 12.72 crores, reflecting a high operating profit margin of 42.56%. 

Here is the data for Dec 2023, Mar 2024, and Jun 2024:

Particulars

Dec 2023

Mar 2024

Jun 2024

Sales

29.89

64.92

47.30

Expenses

17.17

65.73

45.59

Operating Profit

12.72

-0.81

1.71

OPM %

42.56%

-1.25%

3.62%

Other Income

0.07

0.00

0.00

Interest

0.06

0.05

0.03

Depreciation

0.07

0.07

0.07

Profit Before Tax

12.66

-0.93

1.61

Tax %

27.96%

-44.09%

24.84%

Net Profit

9.12

-0.51

1.21

EPS (Rs)

30.40

-1.70

4.03

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About P. H. Capital 

P H Capital, originally known as H L Financial Consultants and Management Services Private, was founded in 1973. It began as a private company and became a company in 1994 when it was renamed Ficom Industries in the same year, Ficom Industries went public by offering shares through an IPO and got listed on the Bombay Stock Exchange (BSE). In 2003, the company changed its name to P H Capital.

P H Capital was founded by Mr. Pradip Harkisondass, who was a pioneer in investment banking in India during the early 1970s. Under his leadership, the company became a major player in brokerage and merchant banking in India. In 1985, Mr. Rikeen Dalal, the son of Mr. Harkisondass, joined the company as a trainee and became the Managing Director in 1987. 

He played a key role in expanding the company's merchant banking operations, focusing on primary market activities, including IPOs, fixed deposits, government securities, and bonds. With over 30 years of experience in stock broking and investment banking, Mr. Dalal has been an important figure in the company's growth and success.


P. H. Capital Q1 Results - FAQs

1. What is P. H. Capital's total revenue for Q1 2024?  

P. H. Capital's total revenue for Q1 2024 is ₹4729.97 lakhs.

2. How much did P. H. Capital spend on stock-in-trade in Q1 2024?

P. H. Capital spent ₹6409.49 lakhs on stock-in-trade in Q1 2024.

3. What were P. H. Capital’s employee benefits expenses in Q1 2024?

P. H. Capital’s employee benefits expenses in Q1 2024 were ₹48.50 lakhs.

4. What is the net profit of P. H. Capital for Q1 2024?

P. H. Capital’s net profit for Q1 2024 is ₹121.41 lakhs.

5. How much did P. H. Capital’s operating income fall in Q1 2024?

P. H. Capital’s operating income fell to ₹1.65 lakhs in Q1 2024.

6. How did P. H. Capital's total operating expenses change in Q1 2024?  

P. H. Capital's total operating expenses increased to ₹45.65 lakhs in Q1 2024.

7. What are the changes in P. H. Capital's depreciation and amortization costs?  

P. H. Capital’s depreciation and amortization costs increased to ₹7.13 lakhs.

8. How much did P. H. Capital's other administrative expenses rise in Q1 2024?  

P. H. Capital’s other administrative expenses rose to ₹26.65 lakhs.

9. What was the profit before tax for P. H. Capital in Q1 2024?  

P. H. Capital’s profit before tax in Q1 2024 was ₹161.24 lakhs.

10. What is the market capitalization of P. H. Capital?  

P. H. Capital’s market capitalization is ₹51.0 Crore.

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