Systematix Corporate Services Q1 Results Revenue Up 104.67% YoY but Down 45.12% QoQ

Systematix Corporate Services Q1 Results: Systematix Corporate Services experienced some significant changes in its financial performance in the first quarter of the fiscal year. Their total revenue was 29.28 crores, which is a big increase of 104.67% compared to the same time last year but a decrease of 45.12% from the previous quarter. This shows that while the company made more money compared to a year ago, its revenue fell from the last quarter.

Systematix Corporate Services’ expenses for selling, general, and administrative costs were 9.47 crores, which is a 10.31% increase from a year ago but a 45.66% rise from the previous quarter. Depreciation and amortization costs jumped dramatically by 486.28% from the previous year, reaching 0.80 crores, although they were up by 22.46% from the last quarter.

Systematix Corporate Services’ overall operating expenses were 21.93 crores, up by 55.00% from a year ago and down by 21.74% from the last quarter. The company’s operating income was positive at 7.35 crores, a significant improvement from a loss in the previous quarter but down by 70.98% from the last year.

Systematix Corporate Services’ Net income before taxes was 2.37 crores, down by 57.20% from the previous year and a 91.82% drop from the last quarter. Net income also fell sharply by 60.65% from the previous year and 92.49% from the last quarter. The diluted normalized earnings per share (EPS) were 1.35, showing a large decrease from the previous year and quarter. Overall, the company's financial performance showed mixed results, with some positive changes year-over-year but declines when compared to the last quarter.

Here are the Q1 results for Systematix Corporate Services:

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Systematix Corporate Services Q1 Results

Here’s a simplified summary of the unaudited standalone financial results for Systematix Corporate Services for the quarter ended June 30, 2024:

(in lakhs)

Systematix Corporate Services has shared its unaudited financial results for the quarter ending June 30, 2024. They reported total income of ₹1,016.96 lakhs for this quarter, which includes interest income, service sales, and other sources. This is a drop from the previous year's total income of ₹5,586.89 lakhs. 

Systematix Corporate Services’ expenses for this quarter were ₹1,036.23 lakhs, covering costs like finance charges, employee salaries, and other operational costs. This is much higher compared to the previous year's expenses of ₹2,626.22 lakhs.

Systematix Corporate Services faced a net loss of ₹19.27 lakhs before taxes, a significant decrease compared to a profit of ₹2,960.67 lakhs in the previous year. After accounting for taxes and other adjustments, the final loss for the quarter is ₹10.17 lakhs. The total comprehensive income, which includes additional financial adjustments, also reflects a loss of ₹10.17 lakhs, compared to a positive comprehensive income of ₹2,188.86 lakhs last year. Despite having a stable equity share capital of ₹1,298.03 lakhs, the company is struggling with lower earnings per share, indicating financial difficulties for this period.

Systematix Corporate Services Financial Metrics

Systematix Corporate Services has a market value of ₹1,979 Crores, meaning that's how much all its shares are worth together. Each share currently costs ₹1,525. The highest price for the share has been ₹1,656, and the lowest was ₹344. The price-to-earnings ratio (P/E) of 39.1 shows how much investors are willing to pay for each rupee of earnings. The book value per share is ₹117, indicating its net worth. 

Here is the financial data in table format:

Quarterly Results 

Systematix Corporate Services, the financial data for December 2023, March 2024, and June 2024 shows varied performance. In December 2023, the company had strong sales of ₹48.02 crores, with high operating profit of ₹30.95 crores, resulting in a high operating profit margin of 64.45%. By March 2024, sales increased to ₹52.83 crores, and the operating profit remained substantial at ₹25.83 crores, though the margin slightly decreased to 48.89%. 

Here is the data for December 2023, March 2024, and June 2024 with the respective particulars:

(Figures in Rs. Crores)

About Systematix Corporate Services

Systematix Corporate Services offers a wide range of financial solutions designed to meet the needs of businesses and organizations. Established under the larger Systematix Group, this division focuses on delivering high-quality services in investment banking, merchant banking, and corporate advisory.

Systematix Corporate Services investment banking services help companies raise capital through various means, such as public and private offerings. They assist businesses in planning and executing complex financial transactions, including mergers and acquisitions. The team provides strategic advice to ensure that their clients can make informed decisions and achieve their financial goals.

In merchant banking, Systematix Corporate Services offers comprehensive support for corporate finance, including underwriting services and financial restructuring. They work closely with companies to understand their unique needs and provide tailored solutions that enhance their financial stability and growth.

The corporate advisory services include guidance on financial strategy, risk management, and market entry. Systematix Corporate Services is known for its expertise in navigating the financial landscape, helping businesses improve their operations and expand their market presence. With a focus on integrity and excellence, they aim to build lasting relationships with their clients and support their success in a competitive market.