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Prism Finance Q1 Results Profit Surges to ₹454.33 Million with Revenue Reaching ₹775.85 Million
Prism Finance Q1 Results show a remarkable 3,200% YoY increase in revenue to ₹775.85 million, while Prism Finance Q1 Results also highlight a dramatic turnaround in profitability with a profit before tax of ₹613.73 million compared to a loss of ₹83.32 million in the previous quarter.
by Madhumitha
Updated Sep 10, 2024
Table of Content
Prism Finance Q1 Results 2024-2025: Prism Finance announced their Q1 results for the fiscal year 2024-2025 on September 10, 2024. The company reported a significant year-over-year (YoY) increase in total revenue, reaching ₹775.85 million, up from ₹23.67 million in the previous quarter.
This impressive growth of over 3,200% YoY highlights a robust performance in their financial services segment. Despite this, the company's profit before tax was ₹613.73 million, showcasing a stark contrast to the loss of ₹83.32 million reported in the last quarter, reflecting a notable quarter-over-quarter (QoQ) improvement.
The YoY profitability saw a dramatic turnaround, with Prism Finance's profit for the period soaring to ₹454.33 million from a loss of ₹273.70 million in the corresponding quarter last year.
This represents a remarkable improvement in financial stability and operational efficiency. Additionally, the company’s Earnings Per Share (EPS) surged to ₹6.99, compared to a negative ₹4.21 EPS YoY. Overall, Prism Finance’s Q1 results indicate a strong recovery and growth trajectory, marking a significant shift from the previous year’s performance.
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Prism Finance Q1 Results 2024-2025
Here is a summary of Prism Finance's Q1 results for the fiscal year 2024-2025:
| Particulars | 30-06-2024 (Unaudited) | 31-03-2024 (Audited) |
|---|---|---|
| Revenue from Operations | ₹775.85 million | ₹23.67 million |
| Other Income | ₹0.43 million | ₹0.00 million |
| Total Income | ₹756.28 million | ₹23.67 million |
| Total Expenses | ₹142.54 million | ₹106.99 million |
| Profit Before Tax | ₹613.73 million | -₹83.32 million |
| Profit for the Period | ₹454.33 million | -₹273.70 million |
| Earnings Per Share (Basic) | ₹6.99 | -₹4.21 |
| Paid-up Equity Shares Capital | ₹650.03 million | ₹650.03 million |
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Prism Finance Current Market Overview
Prism Finance's stock is trading at ₹27.2, having fallen by 4.92% recently. The company, listed on the BSE with the ticker 531735, has a market cap of ₹17.7 crore. The stock has fluctuated between a high of ₹43.8 and a low of ₹21.9.
With a low price-to-earnings ratio of 2.39 and a book value of ₹35.6 per share, the stock does not currently offer a dividend yield. However, Prism Finance boasts a strong return on capital employed (ROCE) of 36.0% and a return on equity (ROE) of 25.1%, indicating solid financial performance.
| Item | Value |
|---|---|
| Current Price | ₹27.2 |
| Price Change | -4.92% |
| Market Cap | ₹17.7 crore |
| High / Low | ₹43.8 / ₹21.9 |
| Stock P/E Ratio | 2.39 |
| Book Value | ₹35.6 |
| ROCE | 36.0% |
| ROE | 25.1% |
| Face Value | ₹10.0 |
Quarterly Results
The following table provides a summary of Prism Finance's financial performance for the quarters ending December 2023, March 2024, and June 2024.
| Item | Dec 2023 | Mar 2024 | Jun 2024 |
|---|---|---|---|
| Sales (₹ Cr.) | 2.99 | 0.24 | 7.56 |
| Expenses (₹ Cr.) | 0.21 | 1.03 | 1.38 |
| Operating Profit (₹ Cr.) | 2.78 | -0.79 | 6.18 |
| OPM (%) | 92.98% | - | 81.75% |
| Interest (₹ Cr.) | 0.01 | 0.02 | 0.02 |
| Depreciation (₹ Cr.) | 0.03 | 0.02 | 0.02 |
| Profit Before Tax (₹ Cr.) | 2.74 | -0.83 | 6.14 |
| Tax (%) | 6.93% | 230.12% | 26.06% |
| Net Profit (₹ Cr.) | 2.55 | -2.74 | 4.54 |
| EPS (₹) | 3.92 | -4.22 | 6.98 |
About Prism Finance
Prism Finance is a financial services company based in India, which was incorporated in 1994. The company offers a range of financial products and services, including loans, advances, bill discounting, leasing, and investments in shares and securities.
Prism Finance operates as a Non-Banking Financial Company (NBFC) and is registered with the Reserve Bank of India. Its primary focus is to assist individuals and businesses with their financing needs and investment opportunities. Over the years, Prism Finance has built a reputation for providing comprehensive financial solutions and maintaining a strong presence in the financial sector.
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Prism Finance Q1 Results- FAQs
1. What is the latest revenue reported by Prism Finance for Q1 2024-2025?
Prism Finance reported a revenue of ₹775.85 million for Q1 2024-2025.
2. How much was Prism Finance's total income for the first quarter of 2024-2025?
The total income for Prism Finance in Q1 2024-2025 was ₹756.28 million.
3. What were Prism Finance's total expenses in Q1 2024-2025?
Prism Finance's total expenses for Q1 2024-2025 were ₹142.54 million.
4. What was Prism Finance's profit before tax in Q1 2024-2025?
Prism Finance reported a profit before tax of ₹613.73 million for Q1 2024-2025.
5. How much profit did Prism Finance report for the period in Q1 2024-2025?
Prism Finance reported a profit for the period of ₹454.33 million in Q1 2024-2025.
6. What was Prism Finance's earnings per share (EPS) for Q1 2024-2025?
The earnings per share (EPS) for Prism Finance in Q1 2024-2025 was ₹6.99.
7. How does the revenue for Prism Finance in Q1 2024-2025 compare to the previous quarter?
Prism Finance's revenue in Q1 2024-2025 was ₹775.85 million, compared to ₹23.67 million in the previous quarter.
8. What was the profit before tax for Prism Finance in the previous quarter?
Prism Finance's profit before tax in the previous quarter was a loss of ₹83.32 million.
9. What was the profit for the period reported by Prism Finance in the previous quarter?
Prism Finance reported a loss of ₹273.70 million for the period in the previous quarter.
10. How much other income did Prism Finance report in Q1 2024-2025?
Prism Finance reported other income of ₹0.43 million in Q1 2024-2025.