Sita Enterprises Q1 Results Total Revenue Steady at ₹0.13 Crores

Sita Enterprises Q1 Results: Sita Enterprises released its financial results for the first quarter of June 2024. The table shows several important numbers to understand the company's performance.

The total revenue for June 2024 was ₹0.13 crores. This number did not change compared to the same quarter last year, which also had a total revenue of ₹0.13 crores. This indicates that there was no growth year-over-year (YoY) in revenue.

Looking at the selling, general, and administrative expenses, they remained the same at ₹0.03 crores for both this quarter and the previous quarter (QoQ). However, when compared to the same quarter last year, these expenses increased slightly from ₹0.02 crores.

Sita Enterprises’ Total operating expenses for this quarter were ₹0.08 crores, showing a slight increase compared to ₹0.07 crores in the same quarter last year (YoY). Despite this, the operating income decreased to ₹0.05 crores from ₹0.10 crores in the previous quarter (QoQ).

On a positive note, the net income before taxes saw a significant increase from ₹0.60 crores last year to ₹1.26 crores this year, showing strong year-over-year (YoY) growth. Finally, the diluted normalized earnings per share (EPS) increased from ₹2.06 in June 2023 to ₹3.85 in June 2024, demonstrating another positive year-over-year (YoY) trend. Overall, Sita Enterprises showed mixed results in the first quarter but significant improvement in net income and EPS on a year-over-year (YoY) basis.

Here’s the quarterly financial results summary for Sita Enterprises for Q1:

(All figures in crores except per share values)

Sita Enterprises Q1 Results

Sita Enterprises Q1 Results: The financial results of Sita Enterprises show the company's performance for several dates in 2024 and 2023. The company earned a total income of ₹134.26 million in May 2024, which is much higher than ₹51.29 million in March 2024 and ₹66.33 million in June 2023.

This increase indicates strong business growth. The major part of the income comes from net gains on fair value changes, which rose significantly to ₹120.97 million in May 2024, compared to ₹37.43 million in March 2024. The company did not earn any interest income in the periods shown, but it received ₹1 million in dividend income in May 2024.

Sita Enterprises had total expenses of ₹8.19 million in May 2024, which is also an increase from ₹4.26 million in March 2024. Most of the expenses were for employee benefits and travel costs.

After deducting taxes, the net profit was ₹112.07 million in May 2024, showing a good increase from ₹42.53 million in March 2024. The earnings per share (EPS) were ₹3.74 for May 2024, up from ₹1.42 in March 2024. This overall positive trend shows that Sita Enterprises is performing well and making more money for its shareholders.

Here’s a summary of the financial results you provided in a simplified format:

Sita Enterprises Stock Performance

Sita Enterprises is a company with a market capitalization of ₹24.9 crore, indicating its total value in the stock market. The current stock price is ₹83.0, with a highest price of ₹86.8 and a lowest price of ₹22.8 over a certain period. The stock price-to-earnings (P/E) ratio is 7.42, suggesting it may be undervalued compared to others in the market. The book value is ₹47.9, which shows the company's net worth. It has a dividend yield of 0.00%, meaning it does not pay dividends to shareholders.

Here’s the financial information you provided in a clear table format:

Quarterly Results 

The Sita Enterprises table shows the quarterly financial results of sales, expenses, operating profit, and net profit for three quarters: December 2023, March 2024, and June 2024. In December 2023, the company made sales of ₹0.71 crores and had expenses of ₹0.05 crores, resulting in an operating profit of ₹0.66 crores. By March 2024, sales decreased to ₹0.51 crores, with expenses slightly lower at ₹0.04 crores, leading to an operating profit of ₹0.47 crores. 

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

(Figures in Rs. Crores)

About Sita Enterprises 

Sita Enterprises is a public company in India, established in 1982 under the Companies Act, 1956. It operates as a Non-Banking Financial Company (NBFC) and is registered with the Reserve Bank of India. The company does not accept public deposits and is classified as an Investment and Credit Company. Sita Enterprises focuses on investing in shares, securities, mutual funds, and properties.

About Sita provides financing through loans and trade receivables. The company’s shares are listed on the Bombay Stock Exchange (BSE), allowing investors to buy and sell its stock in the market.