
Prime Securities Limited announced its consolidated financial results for the quarter ended December 31, 2024 (Q3 FY25), reporting moderate growth in revenue and profitability.
Key Financial Highlights (Q3 FY25):
- Total Revenue:
₹21.18 crore, up 18% YoY from ₹17.91 crore in Q3 FY24. - Profit Before Tax (PBT):
₹10.12 crore, a 3% YoY increase from ₹9.87 crore. - Profit After Tax (PAT):
₹8.20 crore, up 3% YoY from ₹7.93 crore in Q3 FY24. - Diluted Earnings Per Share (EPS):
₹2.39, compared to ₹2.32 in the same quarter last year.
Nine-Month FY25 Performance (April-December 2024):
- Total Revenues:
₹78.93 crore, a 47% YoY growth from ₹53.82 crore. - Profit Before Tax (PBT):
₹44.01 crore, up 109% YoY from ₹21.11 crore. - Profit After Tax (PAT):
₹37.55 crore, marking a 122% YoY increase from ₹16.91 crore. - Diluted EPS:
₹10.88, up from ₹4.95 in the nine-month period of FY24.
Business Highlights:
- Cash Reserves:
As of December 31, 2024, cash, cash equivalents, and investments totaled ₹195 crore. - New Ventures:
- Commenced a wealth management vertical through its subsidiary, Prime Trigen Wealth Limited, with a team of 14 members and co-CEOs.
- Acquired a 41.68% stake in Ark Neo Financial Services Pvt. Ltd., leveraging the “DhanLAP” platform for retail fintech expansion.
Market Insights:
The company highlighted fatigue in secondary markets due to excessive valuations and large capital issuances, resulting in a 10% decline in headline indices. However, management remains optimistic about deal sizes and opportunities in the coming quarters.
Management Commentary: N. Jayakumar, Managing Director and Group CEO, expressed optimism about the company’s growth trajectory, emphasizing the steady rise in deal size and count despite market challenges.
Prime Securities continues to strengthen its position in wealth management and fintech spaces, aiming for sustained growth in the years ahead.