Bridge Securities Q1 Results Revenue ₹0.10 Crores & Operating Income ₹0.03 Crores

Bridge Securities Q1 Results: Bridge Securities Ord B’s Q1 results for June 2024 show a significant drop in performance compared to the previous quarter and the same period last year. The total revenue was just 0.10 crores, a sharp decline of 67.68% from the previous quarter, though it remained steady compared to last year. Selling, general, and administrative expenses were reduced to zero, a 100% decrease from the previous quarter, which had some expenses. 

Bridge Securities’ depreciation and amortization also went down by 100%, indicating no new depreciation costs. However, other operating expenses increased dramatically to 0.07 crores, compared to a negative amount last quarter, showing a 493.33% increase. This rise in expenses led to a total operating expense of 0.08 crores, which is 358.79% higher than last quarter. 

As a result, the Bridge Securities’ operating income fell by 90.73% to 0.03 crores. Net income before taxes and net income also dropped significantly by 90.70% and 89.47% respectively. The diluted normalized EPS, which measures earnings per share, fell by 99.00% from the previous quarter and 93.85% from last year, reflecting a major decline in profitability. Overall, the financial results indicate a challenging quarter for Bridge Securities Ord B.

Bridge Securities Ord B's Q1 financial results for June 2024:

Source: Here 

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Bridge Securities Q1 Results

Bridge Securities released its unaudited financial results for the quarter ending June 30, 2024. The company reported a total income of ₹10.40 lakhs, which is a decrease compared to ₹32.18 lakhs in the previous quarter (March 31, 2024). This income mainly comes from sales of products and services. The company's expenses for this quarter amounted to ₹7.57 lakhs, which includes costs like employee benefits and other operational expenses. 

Compared to the previous quarter’s expenses of ₹1.74 lakhs, there was a noticeable increase. The Bridge Securities’ profit before tax for this quarter was ₹2.83 lakhs, a decrease from ₹30.44 lakhs in the previous quarter. After accounting for tax expenses, which were ₹3.56 lakhs, the net profit for the quarter stood at ₹2.83 lakhs, down from ₹26.88 lakhs previously. 

Bridge Securities’ basic and diluted earnings per share both decreased to ₹0.08, compared to ₹0.80 in the last quarter. The paid-up equity share capital remains unchanged at ₹33,61,300. Overall, the financial results show a decline in income and profit compared to the previous quarter.

Here’s the full data: 

Bridge Securities Stock Performance

The Bridge Securities table shows key financial details about a company. The Market Cap of ₹12.8 Crore means the total value of all the company’s shares combined. The Current Price of ₹3.80 is the price for one share right now. The High / Low range of ₹5.37 and ₹0.94 indicates the highest and lowest prices of the stock over a certain period. 

Here’s the information in a table format:

Quarterly Results 

The Bridge Securities table shows financial results for three quarters: December 2023, March 2024, and June 2024. In December 2023, the company had sales of Rs. 0.23 crores and an operating profit of Rs. 0.19 crores, with an operating profit margin of 82.61%. By March 2024, sales increased to Rs. 0.32 crores and the operating profit rose to Rs. 0.30 crores, with an even higher margin of 93.75%.

Here’s the financial figures for Dec 2023, Mar 2024, and Jun 2024:

(Figures in Rs. Crores

About Bridge Securities 

Bridge Securities is a financial company founded in 2017. It was created through a partnership between the TEYLIOM Group, which is a major shareholder, and TUNISIE VALEURS, a Tunisian financial firm. The company is approved by the Regional Council for Public Savings and Capital Markets (CREPMF). Based in Abidjan, Côte d'Ivoire, Bridge Securities works across all eight countries in the West African Economic and Monetary Union (WAEMU).

The main goal of Bridge Securities is to help clients manage and invest their money. They offer services in buying and selling bonds and listed shares, which can help people and businesses make the most of their money. They also provide financial engineering solutions, which means they help companies find the best ways to get funding for their operations or investments.

Bridge Securities serves a diverse range of clients, including individuals and organizations from different sectors. Their client base includes both regional and international entities. With a capital of 400 million FCFA, the company is majority-owned by Bridge Group West Africa (70%) and minority-owned by Tunisie Valeurs (30%).