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Prudent Corporate Advisory Services Q1 Results Revenue Up 4.06% QoQ and 50.77% YoY
Prudent Corporate Advisory Services Q1 Results reported strong Q1 FY2024 results with a 4.06% increase in revenue from the previous quarter and a 50.77% rise compared to last year.
by Ruksana
Updated Sep 04, 2024
Table of Content
Prudent Corporate Advisory Services Growth Overview
Prudent Corporate Advisory Services Q1 Results: Prudent Corporate Advisory Services had a strong performance in the first quarter of FY2024 (June 2024). Their total revenue increased by 50.77% compared to the same period last year (June 2023), showing that the company earned significantly more money. When compared to the previous quarter (March 2023), revenue grew by a smaller 4.06%, indicating steady progress.
Prudent Corporate Advisory Services managed to control its expenses well. Selling, general, and administrative expenses decreased by 16.70% from the last quarter, which helped improve profitability. However, these expenses were still 21.91% higher than a year ago. Depreciation and amortization costs, which account for the reduction in the value of the company's assets over time, saw a small increase of 5.59% year-over-year but decreased slightly from the previous quarter.
Prudent Corporate Advisory Services’ Operating income, which is what the company earns after paying all its operating expenses, jumped by 58.61% compared to last year, although it decreased slightly from the previous quarter by 3.09%. The company's net income, or profit after taxes, was up by 57.52% from last year, reflecting strong financial health. Earnings per share (EPS), which shows how much profit each share earned, also grew by 57.36% year-over-year.
Here are the quarterly results for Prudent Corporate Advisory Services for Q1 FY2024, compared with the previous quarter (Q4 FY2023) and the same quarter last year (Q1 FY2023).
All figures are in crores except for the per-share values.
|
Fiscal Period |
Jun 24 |
Mar 23 |
QoQ Comp |
Jun 23 |
YoY Comp |
|
Total Revenue |
249.42 |
176.97 |
4.06% |
165.43 |
50.77% |
|
Selling/ General/ Admin Expenses Total |
27.13 |
32.15 |
16.70% |
22.25 |
21.91% |
|
Depreciation/ Amortization |
6.29 |
6.13 |
-2.09% |
5.96 |
5.59% |
|
Other Operating Expenses Total |
21.55 |
- |
-22.73% |
13.38 |
61.09% |
|
Total Operating Expense |
196.73 |
124.55 |
6.15% |
132.21 |
48.80% |
|
Operating Income |
52.69 |
52.42 |
-3.09% |
33.22 |
58.61% |
|
Net Income Before Taxes |
59.19 |
55.29 |
-0.98% |
37.61 |
57.37% |
|
Net Income |
44.20 |
41.23 |
-0.83% |
28.06 |
57.52% |
|
Diluted Normalized EPS |
10.67 |
9.97 |
-0.82% |
6.78 |
57.36% |
Source: Here
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Prudent Corporate Advisory Services Q1 Results
For this quarter, Prudent Corporate Advisory Services earned ₹4,445.16 lakhs from its main business operations, which is a significant increase compared to ₹652.47 lakhs for the same quarter last year. They also made a small amount, ₹1.06 lakhs, from other sources, bringing their total income to ₹4,446.22 lakhs. This is much higher than the total income of ₹669.69 lakhs from the previous year.
Prudent Corporate Advisory Services’ total expenses for the quarter were ₹3,043.60 lakhs. This includes costs for buying stock, managing inventory, paying employees, interest on loans, and other expenses. Despite these costs, the company managed to achieve a profit before tax of ₹1,402.62 lakhs. After accounting for taxes, which were ₹356.82 lakhs, the company ended up with a profit after tax of ₹1,045.80 lakhs.
Prudent Corporate Advisory Services’ reported a small loss in other comprehensive income, which was just ₹0.01 lakhs. This does not significantly affect the overall profit. The earnings per share for the quarter were ₹10.86, showing a good return for shareholders. The company’s paid-up equity share capital remained the same at ₹962.80 lakhs, and the number of shares was 9,628,003, each with a face value of ₹10.00.
Here is a summary of the financial results of PNGS Gargi Fashion Jewellery for the quarter ended June 30, 2024:
Financial Results (in Lakhs):
|
Particulars |
June 30, 2024 (Unaudited) |
March 31, 2024 (Audited) |
June 30, 2023 (Unaudited) |
|
Revenue from Operations |
4,445.16 |
1,538.01 |
652.47 |
|
Other Income |
1.06 |
10.69 |
17.22 |
|
Total Income |
4,446.22 |
1,548.70 |
669.69 |
|
Total Expenses |
3,043.60 |
1,236.51 |
519.35 |
|
Profit Before Tax |
1,402.62 |
312.19 |
150.34 |
|
Tax Expense |
356.82 |
77.54 |
22.84 |
|
Profit After Tax |
1,045.80 |
234.65 |
127.50 |
|
Other Comprehensive Income (OCI) |
(0.01) |
(0.14) |
(0.15) |
|
Total Comprehensive Income |
1,045.79 |
234.51 |
127.35 |
|
Earnings Per Share (Basic & Diluted) |
10.86 |
2.44 |
1.32 |
|
Paid-Up Equity Share Capital |
962.80 |
962.80 |
962.80 |
|
Number of Shares (Weighted Average) |
9,628,003 |
9,628,003 |
9,628,003 |
|
Face Value Per Share |
10.00 |
10.00 |
10.00 |
Prudent Corporate Advisory Services Stock Performance
Prudent Corporate Advisory Services has a market capitalization of ₹847 crore, which represents the total value of all its shares combined. The current stock price is ₹879. Over the past year, the stock has reached a high of ₹1,064 and a low of ₹238. The Price-to-Earnings (P/E) ratio is 48.0, meaning investors are paying 48 times the company’s earnings for each share. The book value, which is the value of the company's assets minus its liabilities per share, is ₹30.2. The company does not offer a dividend.
Here is the information in a table format:
|
Metric |
Value |
|
Market Cap |
₹847 Cr. |
|
Current Price |
₹879 |
|
High / Low |
₹1,064 / ₹238 |
|
Stock P/E |
48.0 |
|
Book Value |
₹30.2 |
|
Dividend Yield |
0.00% |
|
ROCE |
43.4% |
|
ROE |
34.1% |
|
Face Value |
₹10.0 |
Quarterly Results
The Prudent Corporate Advisory Services table presents financial data over three quarters: December 2023, March 2024, and June 2024. It shows the company’s revenue (Sales) increased significantly from Rs. 18 crores in December 2023 to Rs. 44 crores in June 2024. Expenses also rose during this period, but the Operating Profit, which is the profit after deducting expenses, grew impressively, reaching Rs. 14 crores by June 2024.
Here's the table with the focus on Dec 2023, Mar 2024, and Jun 2024 only:
|
Particulars |
Dec 2023 |
Mar 2024 |
Jun 2024 |
|
Sales |
18 |
15 |
44 |
|
Expenses |
14 |
12 |
30 |
|
Operating Profit |
4 |
3 |
14 |
|
OPM % |
24% |
21% |
32% |
|
Other Income |
0 |
0 |
0 |
|
Interest |
0 |
0 |
0 |
|
Depreciation |
0 |
0 |
0 |
|
Profit Before Tax |
4 |
3 |
14 |
|
Tax % |
25% |
25% |
25% |
|
Net Profit |
3 |
2 |
10 |
|
EPS (Rs) |
3.28 |
2.44 |
10.86 |
About Prudent Corporate Advisory Services
Prudent Corporate Advisory Services is a financial company based in India that was founded in 2000. It began by offering mutual fund distribution, spotting an opportunity in the market that was not fully tapped. Over the years, Prudent has expanded its services to include a broad range of financial products. These include mutual funds, insurance, stocks, bonds, fixed income products, and more.
Prudent Corporate Advisory Services aims to provide customized financial solutions to meet the specific needs of individuals, businesses, and high-net-worth clients. They have a large team of over 1,100 skilled professionals and more than 27,400 trained partners working across 122 branches in 21 states across India.
Prudent Corporate Advisory Services has built a strong reputation in the industry, gaining the trust of its clients and receiving numerous awards for its services. They combine personal service with a strong digital presence to help clients manage their investments and achieve their financial goals. Despite their significant growth, Prudent believes that their journey is just beginning and they continue to strive for excellence in the financial services sector.
Prudent Corporate Advisory Services Q1 Results - FAQs
1. What was Prudent Corporate Advisory Services' total revenue in Q1 FY2024?
Prudent Corporate Advisory Services had a total revenue of ₹249.42 crores in Q1 FY2024.
2. How did Prudent Corporate Advisory Services' revenue change from Q4 FY2023?
Prudent Corporate Advisory Services' revenue increased by 4.06% from Q4 FY2023.
3. What was the YoY revenue growth for Prudent Corporate Advisory Services?
Prudent Corporate Advisory Services' revenue grew by 50.77% YoY.
4. How did Prudent Corporate Advisory Services manage its selling expenses in Q1 FY2024?
Prudent Corporate Advisory Services reduced its selling expenses by 16.70% from the previous quarter.
5. What was the impact of Prudent Corporate Advisory Services' administrative expenses on profitability?
Prudent Corporate Advisory Services' administrative expenses were 21.91% higher YoY, affecting profitability.
6. How did Prudent Corporate Advisory Services' operating income change from the previous quarter?
Prudent Corporate Advisory Services' operating income decreased slightly by 3.09% from the previous quarter.
7. What was the year-over-year change in Prudent Corporate Advisory Services' net income?
Prudent Corporate Advisory Services' net income increased by 57.52% YoY.
8. What was Prudent Corporate Advisory Services' total income in Q1 FY2024?
Prudent Corporate Advisory Services' total income was ₹4,446.22 lakhs in Q1 FY2024.
9. How did Prudent Corporate Advisory Services' total expenses compare to the previous year?
Prudent Corporate Advisory Services' total expenses increased from ₹519.35 lakhs last year to ₹3,043.60 lakhs.
10. What was Prudent Corporate Advisory Services' profit before tax in Q1 FY2024?
Prudent Corporate Advisory Services' profit before tax was ₹1,402.62 lakhs.