Stock Report

Summit Securities Ltd Q2 FY2024 consolidated PAT zooms to Rs. 38.31 crores

Posted On : 2023-11-02 23:22:03( TIMEZONE : IST )

Summit Securities Limited has reported Consolidated financial results for the period ended September 30, 2023.

Financial Results (Q2 FY2024) - QoQ Comparison

The company has reported total income of Rs. 53.2952 crores during the period ended September 30, 2023 as compared to Rs. 11.4030 crores during the period ended June 30, 2023.

The company has posted net profit / (loss) of Rs. 38.3189 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs. 8.3601 crores for the period ended June 30, 2023.

The company has reported EPS of Rs. 35.15 for the period ended September 30, 2023 as compared to Rs. 7.67 for the period ended June 30, 2023.

Financials	Q2 FY2024	Q1 FY2024	% Change
Total Income	₹53.2952 crs	₹11.4030 crs	367.38%
Net Profit	₹38.3189 crs	₹8.3601 crs	358.35%
EPS	₹35.15	₹7.67	358.28%

Financial Results (Q2 FY2024) - YoY Comparison

The company has reported total income of Rs.53.2952 crores during the period ended September 30, 2023 as compared to Rs.22.8882 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.38.3189 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs.15.6496 crores for the period ended September 30, 2022.

The company has reported EPS of Rs.35.15 for the period ended September 30, 2023 as compared to Rs.14.36 for the period ended September 30, 2022.

Financials	Q2 FY2024	Q2 FY2023	% Change
Total Income	₹53.2952 crs	₹22.8882 crs	132.85%
Net Profit	₹38.3189 crs	₹15.6496 crs	144.86%
EPS	₹35.15	₹14.36	144.78%

Financial Results (Half Year Ended FY2024) - YoY Comparison

The company has reported total income of Rs.64.6982 crores during the 6 Months period ended September 30, 2023 as compared to Rs.40.6801 crores during the 6 Months period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.46.6790 crores for the 6 Months period ended September 30, 2023 as against net profit / (loss) of Rs.27.7435 crores for the 6 Months period ended September 30, 2022.

The company has reported EPS of Rs.42.82 for the 6 Months period ended September 30, 2023 as compared to Rs.25.45 for the 6 Months period ended September 30, 2022.

Financials	Half Year Ended FY2024	Half Year Ended FY2023	% Change
Total Income	₹64.6982 crs	₹40.6801 crs	59.04%
Net Profit	₹46.6790 crs	₹27.7435 crs	68.25%
EPS	₹42.82	₹25.45	68.25%

Shares of Summit Securities Limited was last trading in BSE at Rs. 1034.50 as compared to the previous close of Rs. 1007.15. The total number of shares traded during the day was 4842 in over 401 trades.

The stock hit an intraday high of Rs. 1080.00 and intraday low of 1004.70. The net turnover during the day was Rs. 5116931.00.