Wealth First Portfolio Managers Q1 Results Income Decreased 5.6% QoQ to ₹2,007.97 Crore

Wealth First Portfolio Managers Q1 Results

Wealth First Portfolio Managers Q1 Results: For the period ending June 30, 2024, Wealth First Portfolio Managers had a total income of ₹2,007.97 crore. This includes ₹1,415.66 crore from their main business operations and ₹592.32 crore from other sources. Comparing this to the previous periods, their income decreased from ₹2,127.34 crore on March 31, 2024, and was higher than ₹1,395.03 crore from the same quarter last year.

Wealth First Portfolio Managers’ expenses for the same period were ₹257.38 crore, which is slightly lower than the previous quarter’s ₹275.95 crore but higher than ₹266.85 crore a year ago. These expenses cover things like employee salaries, finance costs, depreciation, rent, and other costs.

Wealth First Portfolio Managers company made a profit of ₹1,358.90 crore after accounting for all expenses and taxes, which is lower than the ₹1,379.44 crore profit from the end of March 2024 but significantly higher than the ₹844.24 crore profit from the same period last year.

Wealth First Portfolio Managers’ other comprehensive income, which includes adjustments not directly linked to profit or loss, was negative ₹224.14 crore for this period. This led to a total comprehensive income of ₹1,134.76 crore, compared to ₹2,426.03 crore in the previous quarter and ₹968.06 crore a year ago.

Wealth First Portfolio Managers’ earnings per share were ₹12.75, which stayed the same from the previous quarter and increased from ₹7.92 a year ago. The debt equity ratio was 0.06, indicating a low level of debt compared to equity.

Source: Here 

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Wealth First Portfolio Managers Financial Metrics

The Wealth First Portfolio Managers table provides key financial information about a company's stock. "Market Cap" shows the total value of all shares, here it's ₹1,383 Crores. "Current Price" is what one share costs right now, which is ₹1,298. The "High / Low" values indicate the highest and lowest prices the stock has reached, ₹1,578 and ₹299, respectively. "Stock P/E" (Price-to-Earnings ratio) is 29.0, which helps assess if the stock is over or under-valued.

Here’s a summary of the financial details you provided:

Quarterly Results 

For Wealth First Portfolio Managers, the data from December 2023, March 2024, and June 2024 shows a positive financial trend. In December 2023, the company reported high sales of ₹15 crores, with an operating profit of ₹12 crores and a strong operating profit margin (OPM) of 81%. By March 2024, sales slightly decreased to ₹14 crores, but operating profit remained steady at ₹12 crores, and the OPM improved to 83%. 

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

About Wealth First Portfolio Managers

Wealth First Portfolio Managers is a well-established financial advisory firm that has been serving clients since 1990. Originally known as Dalal & Shah Fiscal Services, the company started with a small office and focused on fixed-income investments. Wealth First has grown significantly, becoming a leading player in the investment sector. They are known for their innovative approach, such as introducing Direct Bonds and being a market maker for various financial products.

Wealth First Portfolio Managers prides itself on providing customized investment solutions and maintaining transparency with its clients. They offer a range of services including investment advisory, portfolio management, and financial planning. Wealth First has a strong track record, including awards like the Best Financial Advisor Award from CNBC and recognition for top performance in the debt segment.

With over 30 years of experience, Wealth First Portfolio Managers have successfully navigated financial crises and market changes, always prioritizing their clients' interests. Wealth First continues to expand its services and client base, focusing on both retail and high-net-worth individuals. Their commitment to innovation, client-centric solutions, and comprehensive support makes them a trusted name in the investment industry.