Sangam Finserv Q2 Results Profit After Tax of ₹248.63 Lakhs

Sangam Finserv Q2 Results

Sangam Finserv Q2 Results: In the Revenue from Operations, the total for the quarter was ₹461.92 lakhs. This includes ₹439.10 lakhs from interest income, which is the money earned from loans and investments, and ₹210.02 lakhs from fees and commission income, showing the earnings from services provided. There was a small gain of ₹1.09 lakhs from fair value changes, indicating minor changes in the value of investments. Overall, the total revenue for the half-year ending in September was ₹916.61 lakhs.

Sangam Finserv had total expenses of ₹136.88 lakhs during this quarter. The main expenses included ₹60.41 lakhs for finance expenses (cost of borrowing money) and ₹45.03 lakhs for employee benefits (salaries and wages). After subtracting the total expenses from the total revenue, the profit before tax was ₹325.04 lakhs. The company paid ₹76.42 lakhs in taxes, resulting in a profit for the year of ₹248.63 lakhs. The earnings per share for this quarter were ₹2.67. Overall, the results indicate a positive financial performance for Sangam Finserv.

Here's a clear and organized summary of the unaudited standalone financial results for the quarter ended 30th September 2024:

Source: Here 

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Sangam Finserv Financial Metrics

Sangam Finserv is a financial company with a market capitalization of ₹134 crore, indicating its total value in the stock market. The current price of its shares is ₹144, with a high of ₹144 and a low of ₹54.5 in recent trading. The price-to-earnings ratio (P/E) is 16.6, showing how much investors are willing to pay for each unit of earnings. The book value, which is the company's net asset value, stands at ₹141. 

Here’s a summary of the stock information you provided:

Quarterly Results 

The table for Sangam Finserv shows important financial details for three quarters: March 2024, June 2024, and September 2024. In March 2024, the company had sales of Rs. 4.70 Crores and a net profit of Rs. 1.28 Crores, with an operating profit margin (OPM) of 58.51%. By June 2024, sales slightly decreased to Rs. 4.55 Crores, but the net profit increased to Rs. 2.19 Crores, and the OPM improved to 81.10%. In September 2024, sales rose to Rs. 4.62 Crores, with net profit reaching Rs. 2.49 Crores and an OPM of 84.20%. 

Here’s the table displaying only the data for Mar 2024, Jun 2024, and Sep 2024:

About Sangam Finserv 

Sangam Finserv is a financial services company based in India. It focuses on providing various financial solutions to individuals and businesses. Established with the aim of promoting financial inclusion, Sangam Finserv offers services such as loans, insurance, and investment products. The company is committed to helping its clients achieve their financial goals by providing personalized support and guidance. Sangam Finserv aims to simplify the financial process for its customers, making it easier for them to access the services they need. 

Sangam Finserv uses modern technology to enhance its services and improve the overall experience. Sangam Finserv's team of experts works diligently to ensure that clients receive the best possible advice and solutions tailored to their unique needs. Overall, Sangam Finserv plays a vital role in the Indian financial landscape by empowering people with the tools and resources necessary for financial growth and stability.