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- Shreenath Investments Q1 Results No Revenue with Net Profit of ₹ 48.44 Lakhs
Shreenath Investments Q1 Results No Revenue with Net Profit of ₹ 48.44 Lakhs
Shreenath Investments Co Q1 Results reported no revenue from operations in Q1 2024 but earned ₹115.31 lakhs from other sources and Their total income was ₹115.31 lakhs, with a net profit of ₹48.44 lakhs after taxes.
by Ruksana
Updated Aug 08, 2024
Table of Content
Shreenath Investments had an interesting first quarter this year. The company didn't earn any money from its main business operations during this time, meaning there were no sales or services. However, it did earn some money from other sources, like interest from investments or rent, which amounted to ₹115.31. Compared to the previous quarter, this is less, as the company had earned ₹167.48 then.
The total income, which includes all money coming in, was ₹115.31 for this quarter, which is a decrease from the previous quarter’s ₹6,057.30. This drop was mainly because there were no operational revenues this time.
Shreenath Investments had some expenses during this quarter. They spent ₹31.82 on employee benefits, which is much more compared to the previous quarter. Other expenses like depreciation and amortization were ₹0.14, and other miscellaneous expenses were ₹5.96.
Source: Here
Shreenath Investments Q1 Results 2024-2025
Shreenath Investments Q1 results for 2024-2025 show a clear picture of how the company performed during this period. The company didn't make any revenue from its regular business activities, which is a concern because the main goal is usually to earn from these operations. Instead, it earned money from other activities like interest, totaling ₹115.31, down from ₹167.48 in the previous quarter.
Shreenath Investments Q1 2024-2025 Financial Results:
|
Sr. No. |
Particulars |
June 30, 2024 (Unaudited) |
March 31, 2024 (Audited) |
|
I |
Revenue from Operations |
- |
5,889.82 |
|
Other income |
115.31 |
167.48 |
|
|
Total Income (I+II) |
115.31 |
6,057.30 |
|
|
IV |
EXPENSES |
||
|
(a) |
Purchases of stock-in-trade |
- |
5,874.69 |
|
(b) |
Employee Benefits Expenses |
31.82 |
2.43 |
|
(c) |
Depreciation and Amortization expenses |
0.14 |
0.05 |
|
(d) |
Other Expenses |
5.96 |
13.42 |
|
Total Expenses (IV) |
37.92 |
5,890.59 |
|
|
V |
Profit/(Loss) before exceptional and extraordinary items and Tax (III-IV) |
77.39 |
166.71 |
|
VII |
Profit/(Loss) before extraordinary items and Tax (V-VI) |
77.39 |
166.71 |
|
IX |
Profit/(Loss) before Tax (VII-VIII) |
77.39 |
166.71 |
|
X |
Tax Expenses |
||
|
Current tax |
11.57 |
44.14 |
|
|
Deferred tax |
17.38 |
(6.92) |
|
|
Total Tax Expenses (X) |
28.95 |
37.22 |
|
|
XI |
Net Profit/(Loss) for the period (IX-X) |
48.44 |
129.49 |
|
XII |
Other Comprehensive Income |
||
|
Items that will be reclassified to Profit or Loss |
7,437.50 |
4,394.29 |
|
|
Less: Income tax effect on above |
(850.85) |
(502.59) |
|
|
Other Comprehensive Income net of Income tax (XII) |
6,586.65 |
3,891.70 |
|
|
Total Comprehensive Income (XI + XII) |
6,635.09 |
4,021.19 |
|
|
XIV |
Paid-up Equity share capital (Face value 10 each) |
25.00 |
25.00 |
|
Earnings per share (of Rs. 10 each) (Not Annualised) |
|||
|
Basic / Diluted EPS (Rs.) |
19.38 |
51.79 |
Quarterly Results
In December 2023, several values were reported as zero, with only a small value of 0.84 and a percentage of 34.52%. By March 2024, there is a significant increase in values, with 58.90 recorded for two categories and a notable percentage of 1.15%. In June 2024, values drop back to zero for some categories, while others show lower numbers like 0.37 and 0.48.
Here's the data organized in a table format with figures in crores for December 2023, March 2024, and June 2024:
|
Particulars |
Dec 2023 |
Mar 2024 |
Jun 2024 |
|
Sales |
0.00 |
58.90 |
0.00 |
|
Expenses |
0.31 |
58.90 |
0.37 |
|
Operating Profit |
-0.31 |
0.00 |
-0.37 |
|
OPM % |
0.00% |
||
|
Other Income |
1.15 |
1.67 |
1.15 |
|
Interest |
0.00 |
0.00 |
0.00 |
|
Depreciation |
0.00 |
0.00 |
0.00 |
|
Profit before Tax |
0.84 |
1.67 |
0.78 |
|
Tax % |
34.52% |
22.16% |
37.18% |
|
Net Profit |
0.55 |
1.29 |
0.48 |
|
EPS in Rs |
About Shreenath Investments
Shreenath Investments focuses on investing in a wide range of securities, including both publicly traded stocks and privately held shares. They choose to invest in companies that are involved in various types of businesses. The companies they invest in are selected based on their strong history of financial success and good operating performance.
The investment strategy of Shreenath Investments is to combine two approaches: value investing and growth investing. Value investing involves looking for companies that are undervalued compared to their true worth.
This means they might be trading at a lower price than what they are actually worth based on their financial health and potential. Growth investing, on the other hand, focuses on finding companies that are expected to grow quickly in the future. These companies might be in expanding industries or have new and innovative products that can drive their growth
Shreenath Investments Q1 Results - FAQ
1. What was Shreenath Investments total income for Q1 2024-2025?
Shreenath Investments Total income was ₹115.31.
2. How much did the Shreenath Investments earn from operations in Q1 2024-2025?
The Shreenath Investments earned nothing from operations.
3. What was the Shreenath Investments' other income in Q1 2024-2025?
The Shreenath Investments' other income was ₹115.31.
4. How did Shreenath Investments's Q1 2024 total income compare to the previous quarter?
Shreenath Investments's total incomedecreased from ₹6,057.30 to ₹115.31.
5. What were the total expenses for Shreenath Investments in Q1 2024-2025?
Shreenath InvestmentsTotal expenses were ₹37.92.
6. What were the employee benefits of Shreenath Investments's expenses in Q1 2024-2025?
Shreenath Investments's Employee benefits expenses were ₹31.82.
7. How much net profit did the Shreenath Investments report for Q1 2024-2025?
Shreenath Investments'sNet profit was ₹48.44.
8. What was the other comprehensive income of Shreenath Investments for Q1 2024-2025?
Shreenath Investments' other comprehensive income was ₹6,586.65.
9. What was the earnings per share for Shreenath Investments in Q1 2024-2025?
Shreenath Investments's Earnings per share were ₹19.38.
10. What are the two main investing strategies of Shreenath Investments?
Shreenath Investments uses value investing and growth investing.