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Wealth First Portfolio Managers Limited has announced a board meeting to discuss the financial results for the quarter and nine-months period ended December 31, 2024. The company reported total income of ₹1,675.28 crore for the quarter, with a net profit of ₹897.95 crore. An exceptional item due to a cyber fraud incident led to a write-off of ₹150.59 crore, impacting overall financial performance.
Despite the unfortunate incident, the company's operational income remains robust, suggesting a potential for recovery and a positive outlook for long-term growth. Investors may view this as a risk to monitor but could also see opportunities in the company's strategic repositioning following the fraud.
All announcements from Wealth First Portfolio Managers Limited