Som Datt Finance Corporation Q1 Results Revenue Down 71.25% QoQ, 39.95% YoY

Som Datt Finance Corporation Growth Overview

Som Datt Finance Corporation Q1 Results: Som Datt Finance Corporation company earned just 0.02 crores in total revenue in this quarter, a big drop of 71.25% from the last quarter and a 39.95% decrease from last year. Expenses have risen sharply, especially in selling, general, and administrative costs, which went up by 28.91% from last quarter and by a massive 809.71% from last year. This means the company spent a lot more on these areas.

Som Datt Finance Corporation’s operating expenses overall increased by 356.79% from last year, causing the company to have an operating loss of 0.55 crores. However, despite the operating loss, the company saw a significant improvement in net income before taxes, which rose to 4.37 crores, up 44.79% from last quarter and 37.83% from last year. 

Som Datt Finance Corporation increase in net income is reflected in the net income and earnings per share (EPS), both of which also improved compared to the previous quarter and last year. The overall financial performance shows mixed results, with some positive aspects in net income despite higher expenses.

Here's the Q1 financial results for Som Datt Finance Corporation:

Source: Here 

For More Q1 Results check our Twitter Page

Visit our website for more Q1 results

Som Datt Finance Corporation Q1 Results

In the quarter ending June 30, 2024, the Som Datt Finance Corporation earned ₹493.84 million in total revenue from operations. This includes small amounts from interest and dividends, but the largest part came from net gains on fair value changes. The total revenue was higher than the ₹362.34 million earned in the previous year. The company had expenses of ₹57.19 million during this quarter, which is lower compared to ₹60.76 million in the previous year. These expenses include costs like finance charges, employee salaries, and other operational costs.

Som Datt Finance Corporation’s After accounting for these expenses, the company made a profit of ₹436.65 million before tax in the quarter, which is an increase from ₹301.58 million in the previous year. Taxes were ₹120.37 million for the quarter, significantly more than ₹28.06 million for the previous year. After taxes, the profit for the quarter was ₹316.28 million.

Som Datt Finance Corporation’s total comprehensive income for the quarter, including any other gains or losses, was ₹316.28 million. The earnings per share (EPS) for both basic and diluted shares were ₹3.16 for this quarter, up from ₹2.74 in the previous year. This shows a positive financial performance and increased earnings for shareholders.

Here's a simplified summary of the financial results for the quarter ended June 30, 2024, and the year ended March 31, 2024:

(Rs. in Lakhs)

Som Datt Finance Corporation Stock Metrics

The table shows details about Som Datt Finance Corporation. The Market Cap is ₹116 Crores, which means the total value of all its shares combined is ₹116 Crores. The Current Price of one share is ₹116. Over the past period, the highest price was ₹177 and the lowest was ₹91.8. The Stock P/E Ratio is 9.30, indicating how much investors are willing to pay for each rupee of earnings. The Book Value per share is ₹35.4, showing the value of the company’s assets per share. 

Here’s the information in a table format:

Quarterly Results 

For Som Datt Finance Corporation, the financial results for December 2023, March 2024, and June 2024 show strong performance. In December 2023, the company had sales of ₹4.49 crores and an operating profit of ₹4.04 crores, with a profit margin of 89.98%. By March 2024, sales decreased slightly to ₹3.62 crores, and operating profit fell to ₹3.13 crores, with a margin of 86.46%. 

Here are the financial results for December 2023, March 2024, and June 2024:

About Som Datt Finance Corporation 

Som Datt Finance Corporation was founded on October 19, 1993. It is a non-deposit taking non-banking financial company (NBFC) that operates under the regulations of the Reserve Bank of India (RBI). This means it does not accept public deposits.

Instead, Som Datt Finance Corporation focuses on investing in stocks and securities. Som Datt Finance Corporation is listed on the Bombay Stock Exchange (BSE), where its shares are traded. The company primarily engages in proprietary investment, meaning it invests its own funds in financial markets rather than managing investments for others.