Prime Securities Limited — Important, 21-01-2025: Financial Result Updates

Total revenue for Prime Securities Limited for the quarter ended December 31, 2024, reached ₹ 21.18 Cr, a robust 18% growth compared to ₹ 17.91 Cr in the same quarter of the previous year. For the nine-month period, total revenue was ₹ 78.93 Cr, reflecting a remarkable increase of approximately 47% year-over-year.

Net profit for Q3 was ₹ 8.20 Cr, a slight increase of 3% from ₹ 7.93 Cr, while the net profit for the nine months increased significantly to ₹ 37.55 Cr, a 122% jump compared to ₹ 16.91 Cr in the previous period. The earnings per share (EPS) for the quarter stood at ₹ 2.39, up from ₹ 2.32, and the diluted EPS for the nine months surged to ₹ 10.88 from ₹ 4.95, indicating strong profitability trends.

Operational costs saw variations, though not significant enough to detract from overall financial performance. The management’s focus on building annuity income alongside transactional revenue, along with the initiation of a wealth management vertical, signals a strategic expansion into areas with long-term growth potential.

Investors can view these results positively, signaling strong financial health and prospects for growth in upcoming quarters. The management remains optimistic about potential deal sizes and numbers, affirming a strategic outlook conducive to future profitability, hence a buy insight based on the current performance and strategic initiatives in motion.