Radiant Cash Management Services Q1 Results Total Revenue ₹99.91 crores & Net Income ₹10.85 crores

Radiant Cash Management Services Quarterly Overview

Radiant Cash Management Services Q1 Results: Radiant Cash Management Services' Q1 results show important financial changes. The total revenue for June 2024 was ₹99.91 crores, which is a year-over-year (YoY) increase of 7.00% from ₹93.37 crores in June 2023. This indicates that the company earned more money compared to the same quarter last year. However, when looking at the quarter-on-quarter (QoQ) performance, revenue only increased slightly by 1.08% from ₹89.69 crores in March 2024.

The YoY analysis of expenses shows that selling, general, and administrative expenses increased by 17.94% from ₹16.80 crores last year to ₹19.82 crores this year. This rise in costs can impact profits. The YoY trend in net income reveals a decline of 23.87%, dropping from ₹14.25 crores in June 2023 to ₹10.85 crores in June 2024. This decrease highlights challenges in maintaining profitability.

Furthermore, the operating income fell by 19.52% YoY, showing the company is struggling more compared to last year. Overall, while Radiant Cash Management Services saw some growth in revenue YoY, rising expenses and lower profits indicate a tougher financial landscape. The QoQ changes also suggest that while there is some stability, the company needs to improve its efficiency to boost profits in the future.

Here’s a simple summary of Radiant Cash Management Services' Q1 results:

(All figures in crores except per share values)

Source: Here 

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Radiant Cash Management Services Q1 Results

Radiant Cash Management Services recently shared its financial results for the quarter ending June 30, 2024. In this period, the company earned a total income of ₹993.09 million, which includes ₹980.22 million from operations and ₹12.87 million from other income. This shows a slight increase compared to the previous quarter’s income of ₹984.54 million. 

Radiant Cash Management Services’ total expenses for this quarter were ₹839.16 million, down from ₹859.23 million last quarter. This decrease in expenses is good for the company, as it means they spent less while earning similar income. As a result, Radiant reported a profit before tax of ₹153.93 million, which is higher than the ₹125.31 million from the last quarter. After accounting for tax expenses, which were ₹42.85 million in total, the profit after tax for this quarter was ₹111.08 million, an increase from ₹89.90 million previously. 

Radiant Cash Management Services’ earnings per share (EPS) for this quarter were ₹1.04, up from ₹0.84 in the last quarter. Overall, Radiant Cash Management Services shows positive financial performance, with increased profits and better cost management compared to previous periods. This reflects a healthy growth trajectory for the company.

Here's a simplified summary of the standalone financial results for Radiant Cash Services for the quarter ending June 30, 2024:

(in INR millions)

Radiant Cash Management Services Stock Metrics

Radiant Cash Management Services has a market capitalization of ₹ 856 crore, meaning this is the total value of all its shares. The current stock price is ₹ 80.2, with a highest price of ₹ 104 and a lowest of ₹ 71. The stock has a price-to-earnings (P/E) ratio of 20.2, showing how much investors are willing to pay for each unit of earnings. Its book value is ₹ 23.8, indicating the company's net asset value per share. The dividend yield is 3.12%, meaning investors earn that percentage from dividends.

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

Quarterly Results 

The table for Radiant Cash Management Services shows important financial details for three quarters: Dec 2023, Mar 2024, and Jun 2024. In Dec 2023, the company had sales of ₹100 crores and a net profit of ₹12 crores, with an operating profit margin (OPM) of 17%. By Mar 2024, sales slightly decreased to ₹97 crores, and net profit fell to ₹9 crores, with the OPM dropping to 14%. In Jun 2024, sales rose slightly to ₹98 crores, and net profit improved to ₹11 crores, bringing the OPM back to 17%.

Here’s the transposed table for Dec 2023, Mar 2024, and Jun 2024:

(Figures in Rs. Crores)

About Radiant Cash Management Services

Radiant Cash Management Services (RCMS) is a company that provides cash logistics services, ensuring safe and efficient handling of cash for businesses. Founded in 2005 by Colonel David Devasahayam, the company has grown significantly, benefiting from his military background and leadership skills. RCMS focuses on delivering high-quality services while maintaining transparency and efficiency. The team includes many ex-servicemen, bringing unique skills like discipline, teamwork, and problem-solving abilities.

This diverse workforce is dedicated to meeting clients' needs and handling stress effectively. The company has received several awards, recognizing its excellence in cash management and entrepreneurship. RCMS aims to set industry standards through innovation and a strong work ethic, making it a trusted partner for organizations in need of cash logistics solutions. With a commitment to integrity and customer satisfaction, Radiant Cash Management Services continues to expand its reach and impact in the industry.