Prime Securities Limited — Updates, 21-01-2025: Press Release

Total revenues for the nine months reached ₹78.93 Cr, up 47% from ₹53.82 Cr, representing 118% of the expected full-year FY24 revenue. Profit before tax increased by 109%, from ₹21.11 Cr to ₹44.01 Cr, while profit after tax surged 122% from ₹16.91 Cr to ₹37.55 Cr. Diluted EPS also rose significantly to ₹10.88 from ₹4.95.

For the quarter ended December 31, total revenues were ₹21.18 Cr, an 18% increase from ₹17.91 Cr. Profit before tax experienced a slight growth of 3%, from ₹9.87 Cr to ₹10.12 Cr, with profit after tax also up 3% from ₹7.93 Cr to ₹8.20 Cr, leading to a diluted EPS increase to ₹2.39.

Cash, cash equivalents, and investments stand at ₹195 Cr. The company has launched a new wealth management vertical through a wholly-owned subsidiary and acquired a 41.68% stake in Ark Neo Financial Services, expanding into retail fintech. Despite current market fatigue and challenges in fundraising, management remains optimistic about future growth opportunities.