Ganges Securities Limited — Important, 13-02-2025: General Updates

The Board of Directors of Ganges Securities Limited has approved new financial results, revealing a positive performance. For the quarter ended December 31, 2024, the company generated total revenue from operations of ₹182.26 crore, which includes interest income of ₹69.67 crore and dividend income of ₹112.59 crore. The net profit after tax for the quarter stood at ₹10.63 crore, compared to ₹11.54 crore for the previous year’s quarter.

Over the nine months of the financial year, the company reported total revenue from operations of ₹721.46 crore and a net profit of ₹44.41 crore. Additionally, the Board sanctioned an investment in Chambal Fertilisers and Chemicals Limited, not exceeding ₹20 crore, to be acquired through the open market throughout the 2025-26 financial year. Investors might view this growth strategy positively, as it aligns with potential long-term benefits in acquiring equity in emerging firms within the sector. Monitoring further developments will be crucial for assessing growth trajectories and market positioning.