Wealth First Portfolio Managers Limited — Important, 27-01-2025: Financial Result Updates

Wealth First Portfolio Managers Limited has announced a board meeting to discuss its quarterly and nine-months consolidated financial results. The company's total revenue for the quarter ended December 31, 2024, stood at ₹1,722.27 crore, reflecting a decline of 21.35% from ₹2,354.10 crore in the previous quarter. However, this is an increase from ₹1,632.62 crore reported in the same period last year, presenting a healthy year-over-year growth.

Net profit for the quarter was ₹926.58 crore, down from ₹1,515.92 crore in the previous quarter but up from ₹1,010.25 crore year-over-year. Earnings Per Share (EPS) came in at ₹8.70, compared to ₹14.23 in the previous quarter and ₹9.48 in the same quarter last year. The profit decrease this quarter can be attributed to rising operational costs and an exceptional item reflecting a cyber fraud loss of ₹1.50 crore, which was written off.

Operational costs increased slightly by 9.51% from the prior quarter to ₹348.72 crore, affected primarily by employee benefits and other operational expenses. The overall balance sheet remains solid, with a debt equity ratio of 0.44, indicating manageable debt levels.

Looking ahead, the company appears focused on strengthening its operational efficiency and recovering losses from fraud incidents. Given the mixed financial performance, a cautious approach is advisable—consider maintaining positions until clarity on recovery strategies and operational improvements emerges.