Vintage Securities Q1 Results ₹3.84 Lakhs Loss with ₹77.72 Lakhs Comprehensive Income

Vintage Securities has released its unaudited financial results for the quarter ending on June 30, 2024. During this quarter, the company earned a small amount of income from other sources, totaling ₹0.84 lakhs. The Vintage Securities ’s expenses were much higher. Employee benefits cost the company ₹1.06 lakhs, and other expenses amounted to ₹3.62 lakhs, bringing the total expenses to ₹4.68 lakhs.

Vintage Securities faced a loss of ₹3.84 lakhs before taxes due to these high expenses. This is a significant drop compared to the previous quarter, where they had a profit of ₹9.59 lakhs. After accounting for taxes, the loss remained at ₹3.84 lakhs.

Vintage Securities had some items that added to their comprehensive income, including ₹101.95 lakhs that will not be reclassified into profits or losses. After deducting related taxes, this added ₹81.56 lakhs to their comprehensive income.

Source: Here 

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Vintage Securities Q1 Results 2024-2025 

Vintage Securities’ table gives a clear view of the company’s financial performance over the recent quarters and the year ending March 2024.

Here’s a table summarizing the key figures:

Vintage Securities Fiscal Overview 

Vintage Securities’ table shows important financials. The Vintage Securities’ total market value is ₹6.75 crore, and each share currently costs ₹18.4. Over time, the highest price the stock reached was ₹28.4, while the lowest was ₹8.89. 

Here's the full information:

Quarterly Results 

The Vintage Securities table shows financial information for three periods: December 2023, March 2024, and June 2024. It includes metrics like sales, expenses, operating profit, other income, interest, depreciation, profit before tax, tax percentage, net profit, and earnings per share (EPS). 

Here's a summary of the financial metrics:

(Figures in Rs. Crores)

About Vintage Securities 

Vintage Securities is committed to treating all customers fairly and without discrimination. Their Fair Practices Code (FPC) ensures that everyone, regardless of race, religion, sex, or other personal characteristics, has equal access to financial products and services. VSL promises to handle all clients consistently and equitably, offering help and support in a fair way.

When customers apply for loans, Vintage Securities ensures that the application forms include all necessary details about the loan, such as terms and conditions. They will acknowledge receipt of the application and let the customer know how long it will take to process, usually within 30 working days. Once the loan is approved, VSL will send a letter to the borrower explaining the loan amount, interest rates, and other terms. The loan will only be given after the borrower agrees to these terms.

Vintage Securities will inform the borrower in advance, if there are any changes in the loan terms or conditions, such as interest rates or repayment schedules. They will not apply changes retroactively. VSL will also release any security held against the loan once it is fully repaid, unless there are other claims.