Prime Securities Reports Outstanding Q2 FY25 Results, Positive Trends in Sales and Profitability

Prime Securities, a smallcap finance and NBFC company, has recently declared its financial results for the quarter ending September 2024. According to the latest update, the company has shown an outstanding performance in this quarter, with a score of 35, which is a significant improvement from the previous score of 25 in the last three months.

One of the key highlights of the financial report is the growth in net sales, which has increased by 93.70% year on year, reaching Rs 29.83 crore. This positive trend in sales is expected to continue in the near future. Additionally, the company has also seen a significant growth in Profit Before Tax less Other Income (PBT), which has increased by 290.83% year on year, reaching Rs 17.90 crore. This trend is also expected to continue in the near term.

Another noteworthy aspect of the financial report is the growth in Profit After Tax (PAT), which has increased by 335.4% year on year, reaching Rs 17.20 crore. This indicates a positive trend in the company’s profitability. Moreover, Prime Securities has also generated the highest operating cash flow of Rs 13.15 crore in the last three years, showcasing its ability to generate higher cash revenues from business operations.

In terms of sales, the company has achieved its highest quarterly net sales of Rs 29.83 crore in the last five quarters, indicating a positive trend in the near term. Similarly, the company has also achieved its highest quarterly operating profit (PBDIT) of Rs 18.23 crore in the last five quarters, showcasing a positive trend in its operating profit.

Furthermore, Prime Securities has also shown an improvement in its operating profit margin, reaching its highest at 61.11% in the last five quarters. This indicates an increase in the company’s efficiency. The company has also achieved its highest quarterly PBT of Rs 17.90 crore and PAT of Rs 17.20 crore in the last five quarters, showcasing a positive trend in its profitability.

Lastly, the company has also shown an increase in its earnings per share (EPS), reaching its highest at Rs 5.13 in the last five quarters. This indicates an increase in the company’s profitability and its ability to create higher earnings for its shareholders.

Overall, Prime Securities has shown a strong financial performance in the quarter ending September 2024, with positive trends in sales, profitability, and efficiency. This is a positive sign for the company and its shareholders, and MarketsMOJO has given a ‘Hold’ call for its stock.