Prime Securities Limited — Important, 22-10-2024: Financial Result Updates

Prime Securities Limited reported a robust growth in its financial results for Q2 FY24, with total revenues soaring 94% to ₹29.83 Cr. Profit before tax surged 291% to ₹17.90 Cr, while profit after tax increased 335% to ₹17.20 Cr. For the half-year, revenues rose 63% to ₹58.97 Cr, with profit after tax up 226% at ₹29.30 Cr. The company is expanding into wealth management and maintains strong cash reserves of approximately ₹190 Cr.