SMIFS Capital Markets Q1 Results Total Income of ₹15.82 Crores & Operating Profit with loss of ₹1.12 Crores

SMIFS Capital Markets Q1 Results: In the first quarter of 2024, SMIFS Capital Markets showed notable changes in its financial performance. Total Revenue increased significantly by 124.43% QoQ (quarter-on-quarter) compared to the previous quarter, rising from ₹10.11 crores to ₹15.82 crores. This growth is also evident year-over-year (YoY), with a 30.64% increase from ₹12.11 crores in the same quarter of the previous year.

SMIFS Capital Markets’ Operating Income remained nearly the same compared to the last quarter, showing no improvement QoQ. Year-over-year, it worsened, reflecting a 29.42% decline from the previous year's figure. Net Income Before Taxes saw a substantial increase of 55.32% QoQ, rising from ₹0.47 crores to ₹0.73 crores. This YoY change is even more dramatic, with a 757.83% rise compared to the same quarter last year.

SMIFS Capital Markets’ Diluted Normalized EPS surged dramatically, up 138.78% QoQ from ₹0.49 to ₹1.17. Year-over-year, this figure increased by an astonishing 876.97%, highlighting a major improvement. Overall, while the company has shown impressive YoY revenue and EPS growth, its operating income and expenses reveal mixed results in the latest quarter.

Here's a summary of SMIFS Capital Markets' Q1 financial results:

All figures in crores except per share values

Source: Here 

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SMIFS Capital Markets Q1 Results

The table provides a financial summary for SMIFS Capital Markets for the three months ending on June 30, 2024. It compares these results with previous periods and includes various financial details.

In the latest quarter, the company earned ₹1,578.11 million from sales and other operations, which is a significant increase from ₹701.10 million in the previous quarter. Total income, including additional earnings like interest, was ₹1,763.17 million, up from ₹782.77 million. The company’s total expenses rose to ₹1,631.05 million from ₹692.33 million. This increase in expenses includes costs for materials, employee salaries, and other expenses.

Before accounting for exceptional items, SMIFS Capital Markets made a profit of ₹132.12 million, compared to ₹90.44 million in the previous quarter. After including an exceptional item of ₹58.53 million, the profit before tax was ₹73.59 million, slightly less than ₹90.44 million before. After tax expenses and other adjustments, the company’s net profit was ₹36.89 million, down from ₹67.50 million in the previous quarter.

SMIFS Capital Markets also reported a substantial other comprehensive income of ₹864.02 million, mainly due to adjustments in defined benefit liabilities and equity instruments. Overall, the total comprehensive income for the quarter was ₹900.91 million, a significant recovery from a loss in the previous quarter. Earnings per share before and after extraordinary items remained at ₹0.66.

Here's a simplified breakdown of the financial results for the company for the three-month period ended June 30, 2024, compared to previous periods:

SMIFS Capital Markets Stock Metrics

The table from SMIFS Capital Markets provides key financial details about a stock. The market cap is ₹41.9 crore, which shows the total value of the company. The current price of the stock is ₹75.0, but it has ranged from ₹40.6 to ₹87.0 in the past. The stock has a Price-to-Earnings (P/E) ratio of 14.0, indicating its valuation relative to earnings. The book value is ₹230, representing the company's net worth per share. 

Here's a summary of the financial information you provided:

Quarterly Results 

The table from SMIFS Capital Markets shows financial results over three periods: December 2023, March 2024, and June 2024. It includes sales, expenses, operating profit, and other key figures. For December 2023, the company had high sales (₹212.03 crores) but also high expenses (₹212.87 crores), leading to a small operating loss (₹-0.84 crores). By March 2024, sales dropped significantly to ₹7.05 crores, but expenses also fell to ₹6.92 crores, resulting in a small operating profit of ₹0.13 crores.

Here are the financial details for December 2023, March 2024, and June 2024:

About SMIFS Capital Markets

SMIFS Capital Markets, founded in 1993, is a well-established financial services company led by Mr. Rahul Kayan with the guidance of Mr. Ajay Kayan and Mr. Utsav Parekh. They offer a broad range of financial services, including brokerage for stocks, commodities, and currencies. They also provide portfolio management, research and advisory, investment banking, depository services, and help with mutual funds and public offerings.

SMIFS Capital Markets operates across India and specializes in research and advisory services, focusing mainly on institutional and ultra-high-net-worth clients. Their expertise extends to investment banking and underwriting, with skills in corporate finance, merchant banking, and project finance.

SMIFS Capital Markets is dedicated to building long-term relationships with clients by maintaining transparency and ethical practices. They offer a complete suite of financial products and services, including a live portfolio tracker to help clients manage their investments effectively. As they continue to grow, SMIFS Capital Markets plans to expand into the retail market with a network of franchisees and sub-brokers, aiming to provide comprehensive financial solutions and uphold their commitment to high-quality service.