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U.Y. Fincorp Q1 Results Revenue Soars to ₹35.63 Crores
U.Y. Fincorp Q1 Results Reported a Total Revenue of ₹35.63 crores, showing significant growth compared to ₹20.73 crores in the same quarter last year and Net Income rose to ₹5.08 crores, up from ₹4.33 crores in June 2023.
by Ruksana
Updated Oct 03, 2024
Table of Content
U.Y. Fincorp Q1 Results: The U.Y. Fincorp Q1 results show important financial figures for June 2024. The Total Revenue for this quarter is ₹35.63 crores, which is higher compared to ₹20.73 crores in June 2023. This shows a strong year-over-year (YoY) growth, indicating that the company earned more money in this quarter than the same quarter last year. When looking at the QoQ or quarter-on-quarter figures, the revenue increased from ₹14.04 crores in March 2023 to ₹35.63 crores in June 2024. This suggests a significant improvement in the company’s financial performance over just three months.
U.Y. Fincorp’s Total Operating Expense was ₹29.50 crores in June 2024, which was much lower than ₹15.44 crores in June 2023, showing effective cost management. The Net Income also reflects a positive trend, rising to ₹5.08 crores in June 2024 from ₹4.33 crores in June 2023, demonstrating solid YoY growth. Additionally, the Diluted Normalized EPS increased to ₹0.27 this quarter, compared to ₹0.24 in the same quarter last year, marking another example of YoY improvement. Overall, U.Y. Fincorp’s results indicate a positive direction, showcasing growth in both revenue and profitability compared to previous periods.
Here’s the Q1 results summary for U.Y. Fincorp in a table format:
(All figures in crores except per share values)
|
Metric |
Jun 24 |
Mar 23 |
QoQ Change |
Jun 23 |
YoY Change |
|
Total Revenue |
35.63 |
14.04 |
-% |
20.73 |
-% |
|
Selling/General/Admin Expenses |
0.30 |
0.23 |
-% |
0.28 |
-% |
|
Depreciation/Amortization |
0.03 |
0.05 |
-% |
0.04 |
-% |
|
Other Operating Expenses |
-0.67 |
1.25 |
-% |
0.31 |
-% |
|
Total Operating Expense |
29.50 |
12.61 |
-% |
15.44 |
-% |
|
Operating Income |
6.14 |
1.43 |
-% |
5.29 |
-% |
|
Net Income Before Taxes |
6.50 |
1.76 |
-% |
5.63 |
-% |
|
Net Income |
5.08 |
0.80 |
-% |
4.33 |
-% |
|
Diluted Normalized EPS |
0.27 |
0.03 |
-% |
0.24 |
-% |
Source: Here
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U.Y. Fincorp Q1 Results
The U.Y. Fincorp financial results for the quarter ending on June 30, 2024, show various important figures about the company's earnings and expenses. The company made a total revenue from operations of ₹3,563.32 million, which is a decrease compared to ₹3,921.31 million in the same quarter last year. This revenue comes from different sources, including selling shares and other operating income. The total income, which includes other income sources, was ₹3,599.91 million.
U.Y. Fincorp had total expenses of ₹2,949.65 million, which is less than the ₹3,607.60 million from the previous year. Key expenses included purchasing stock and employee benefits. After deducting expenses from income, the company reported a profit before tax of ₹650.26 million, which is higher than ₹351.49 million in the same quarter last year.
After paying taxes, U.Y. Fincorp's profit for this quarter was ₹508.46 million, a slight increase from ₹470.73 million in the previous year. Finally, the earnings per share (EPS) went up to ₹0.27 from ₹0.25. This shows that U.Y. Fincorp is still performing well, despite a drop in revenue compared to last year.
Here’s a simplified summary of the Standalone Unaudited Financial Results for the quarter and three months ended June 30, 2024.
(₹ in Lakhs)
|
Particulars |
30-Jun-24 (Reviewed) |
Quarter Ended 30-Jun-23 (Reviewed) |
Year Ended 31-Mar-23 (Audited) |
31-Mar-24 (Reviewed) |
31-Mar-23 (Audited) |
|
Revenue from Operations |
|||||
|
(a) Interest Income |
|||||
|
(b) Sale of Shares |
3,011.79 |
3,402.13 |
1,683.93 |
10,299.08 |
3,973.59 |
|
(c) Other Operating Income |
6.73 |
7.42 |
2.65 |
23.68 |
1.58 |
|
Total Revenue from Operations |
3,563.32 |
3,921.31 |
2,073.31 |
12,185.29 |
5,557.17 |
|
Other Income |
36.59 |
37.78 |
33.59 |
7,514.73 |
151.98 |
|
Total Income (I-II) |
3,599.91 |
3,959.09 |
2,106.90 |
19,700.02 |
5,709.15 |
|
Expenses |
|||||
|
(a) Finance Costs |
|||||
|
(b) Fees and Commission Expense |
2.00 |
2.02 |
1.99 |
8.20 |
32.37 |
|
(c) Impairment of Financial Instruments |
9.20 |
(3,499.44) |
34.06 |
(2,420.18) |
(21.80) |
|
(d) Purchases of Stock-in-Trade |
2,972.28 |
3,454.87 |
1,430.71 |
9,665.04 |
3,812.45 |
|
(e) Changes in Stock-in-Trade |
(118.75) |
(20.82) |
13.40 |
111.58 |
250.96 |
|
(f) Employee Benefits Expense |
29.65 |
33.14 |
28.46 |
122.80 |
100.61 |
|
(g) Depreciation and Amortization |
|||||
|
(h) Other Expenses |
3.10 |
4.23 |
4.05 |
16.56 |
20.40 |
|
Total Expenses |
2,949.65 |
3,607.60 |
1,543.85 |
11,262.39 |
4,598.29 |
|
Profit/(Loss) Before Tax (III-IV) |
650.26 |
351.49 |
563.05 |
8,437.63 |
1,110.86 |
|
Tax Expense: |
|||||
|
(a) Current Tax |
144.68 |
(1,001.63) |
137.92 |
1,106.81 |
332.53 |
|
(b) Income Tax Adjustment |
(2.88) |
882.39 |
(8.34) |
838.59 |
3.79 |
|
Profit/(Loss) for the Period (V-VI) |
508.46 |
470.73 |
433.47 |
6,492.23 |
774.54 |
|
Other Comprehensive Income |
|||||
|
(a) Items Not Reclassified to P&L |
|||||
|
(1) Remeasurement of Defined Benefit Obligation |
|||||
|
(2) Net Loss on Fair Value Changes |
1.81 |
6.48 |
0.26 |
7.25 |
1.03 |
|
Total Comprehensive Income (VII+VIII) |
510.27 |
477.21 |
433.73 |
6,499.48 |
775.57 |
|
Earnings Per Equity Share (EPS) |
|||||
|
(1) Basic |
0.27* |
0.25* |
0.23* |
3.41 |
0.41 |
|
(2) Diluted |
U.Y. Fincorp Stock Performance
The U.Y. Fincorp table shows important financial information about the company. The market capitalization is ₹ 682 crores, which means this is the total value of all its shares. The current stock price is ₹ 35.8, and it has reached a high of ₹ 38.5 and a low of ₹ 22.3 in the past. The stock price-to-earnings (P/E) ratio is 10.3, indicating how much investors are willing to pay for each unit of earnings. The book value is ₹ 16.7, while the dividend yield is 0.00%, meaning the company does not pay dividends.
Here’s the financial information you provided in a table format:
|
Parameter |
Value |
|
Market Cap |
₹ 682 Cr. |
|
Current Price |
₹ 35.8 |
|
High / Low |
₹ 38.5 / ₹ 22.3 |
|
Stock P/E |
10.3 |
|
Book Value |
₹ 16.7 |
|
Dividend Yield |
0.00 % |
|
ROCE |
29.5 % |
|
ROE |
22.7 % |
|
Face Value |
₹ 5.00 |
Quarterly Results
U.Y. Fincorp's quarterly results for December 2023, March 2024, and June 2024 show interesting trends in its performance. In December 2023, the company recorded sales of 32.81 crores and a net profit of 4.71 crores, with an operating profit of 5.53 crores and an operating profit margin (OPM) of 16.85%. By March 2024, sales increased to 39.21 crores, but the net profit stayed the same at 4.71 crores as expenses rose to 36.01 crores, resulting in a lower operating profit of 3.20 crores and an OPM of 8.16%.
Here are the quarterly results specifically for Dec 2023, Mar 2024, and Jun 2024:
(Standalone Figures in Rs. Crores)
|
Particulars |
Dec 2023 |
Mar 2024 |
Jun 2024 |
|
Sales |
32.81 |
39.21 |
35.64 |
|
Expenses |
27.28 |
36.01 |
29.46 |
|
Operating Profit |
5.53 |
3.20 |
6.18 |
|
OPM (%) |
16.85% |
8.16% |
17.34% |
|
Other Income |
0.81 |
0.38 |
0.37 |
|
Interest |
0.02 |
0.02 |
0.02 |
|
Depreciation |
0.04 |
0.04 |
0.03 |
|
Profit Before Tax |
6.28 |
3.52 |
6.50 |
|
Tax (%) |
25.00% |
-34.09% |
21.85% |
|
Net Profit |
4.71 |
4.71 |
5.08 |
|
EPS (in Rs) |
0.25 |
0.25 |
0.27 |
About U.Y. Fincorp
U. Y. Fincorp is a registered Non-Banking Financial Company (NBFC) in India, focused on providing financial services. The company was originally formed on October 7, 1993, under the name Golden Securities Private in West Bengal. It became a public company on November 30, 1994, and changed its name to Golden Securities. Over the years, the company has undergone several name changes, including Golden Goenka Fincorp in 2011 and finally to U. Y. Fincorp in 2018.
U. Y. Fincorp is involved in offering various financial products, such as inter-corporate loans and personal loans. It also invests in securities and trades in them, providing opportunities for its shareholders to participate in different investment options. The company aims to deliver a well-defined investment process backed by the experience of its management team. UYFL went public in 1995 and got its shares listed on the Bombay Stock Exchange (BSE) and the Calcutta Stock Exchange (CSE). Additionally, the Reserve Bank of India granted it a certificate to operate as an NBFC in 1998, allowing it to serve the financial needs of individuals and businesses without accepting public deposits.
U.Y. Fincorp Q1 Results - FAQs
1. What is the latest revenue figure for U.Y. Fincorp?
U.Y. Fincorp reported a total revenue of ₹35.63 crores for June 2024.
2. How did U.Y. Fincorp's revenue compare to the previous year?
U.Y. Fincorp's revenue increased from ₹20.73 crores in June 2023 to ₹35.63 crores in June 2024.
3. What were the total operating expenses for U.Y. Fincorp in June 2024?
U.Y. Fincorp's total operating expenses for June 2024 were ₹29.50 crores.
4. How much net income did U.Y. Fincorp achieve in June 2024?
U.Y. Fincorp achieved a net income of ₹5.08 crores in June 2024.
5. What significant financial improvement did U.Y. Fincorp show from the last quarter?
U.Y. Fincorp’s revenue increased from ₹14.04 crores in March 2024 to ₹35.63 crores in June 2024.
6. What was U.Y. Fincorp's profit before tax for June 2024?
U.Y. Fincorp reported a profit before tax of ₹6.50 crores for June 2024.
7. What is the market capitalization of U.Y. Fincorp?
U.Y. Fincorp has a market capitalization of ₹682 crores.
8. What is the current stock price of U.Y. Fincorp?
The current stock price of U.Y. Fincorp is ₹35.8.
9. What is U.Y. Fincorp's dividend yield?
U.Y. Fincorp has a dividend yield of 0.00%, indicating no dividend payments.
10. What were U.Y. Fincorp's total expenses in June 2024?
U.Y. Fincorp's total expenses in June 2024 were ₹2,949.65 million.