Tilak Ventures Q1 Results Income Rise in Net Profit (After Tax) ₹173.686 lakhs

Tilak Ventures reported its unaudited standalone financial results for the quarter ending June 30, 2024. The Tilak Ventures saw an increase in its income from operations, which reached ₹502.623 lakhs for this quarter compared to ₹260.753 lakhs in the previous quarter and ₹488.673 lakhs in the same quarter last year.

Other income also increased to ₹97.847 lakhs from ₹94.649 lakhs in the same quarter last year, contributing to total revenue of ₹600.470 lakhs, up from ₹583.323 lakhs a year ago.

Total expenses for the quarter amounted to ₹368.369 lakhs, up from ₹432.082 lakhs in the same quarter last year. The major expenditures included purchases of stock in trade and other costs. Despite these expenses, Tilak Ventures reported a profit before tax of ₹232.101 lakhs, an increase from ₹151.240 lakhs in the previous year.

Net profit after tax was ₹173.686 lakhs, up from ₹111.789 lakhs in the same quarter last year. The total comprehensive income for the quarter was ₹198.119 lakhs, showing an improvement from the previous year.

Source: Here 

Tilak Ventures Q1 Results 2024-2025

Tilak Ventures' financial performance for different periods. For the quarter ending June 30, 2024, the company earned ₹502.623 lakhs from its main business and ₹97.847 lakhs from other sources. This gave a total revenue of ₹600.470 lakhs. Their expenses for this quarter were ₹368.369 lakhs, leaving them with a profit before tax of ₹232.101 lakhs. After paying taxes, their net profit was ₹173.686 lakhs. 

Here are the financial results for Tilak Ventures for the quarter ended June 30, 2024:

Tilak Ventures Financial Metrics

Check Tilak Ventures Financial Metrics below. 

Quarterly Results

In the first quarter of 2024-2025, there was a noticeable increase in several metrics compared to the previous quarter. 

About Tilak Ventures 

Tilak Ventures is a company that has undergone several name changes and shifts in its business focus over the years. Originally established on August 18, 1980, it was known as Tilak Finance. During this time, the company was focused on finance and investment activities.

On December 28, 2011, the company changed its name to Out Of City Travel Solutions. With this new name, the company shifted its focus to the travel industry, offering services as travel agents and tour operators. This included organizing travel within India and internationally and providing various travel-related services.

On March 28, 2014, the company reverted to the name Tilak Finance. This change marked a return to its original focus on financial services. Finally, on October 13, 2015, the company changed its name to Tilak Ventures. This current name reflects its ongoing commitment to financial services and investment ventures.