Q4 Results: LKP Securities reports net profit of Rs 5.57 crore
The company has informed exchanges that its total revenue from operations in Q4 grew by nearly 100 per cent to Rs 32.4 crore crore.
Domestic brokerage firm LKP Securities has reported a consolidated net profit of Rs 5.57 crore in the fourth quarter of financial year 2024. The firm had reported a loss of around Rs 0.23 crore in the same quarter a year ago.
The company has informed exchanges that its total revenue from operations in Q4 grew by nearly 100 per cent to Rs 32.4 crore crore. The company had reported a total revenue of Rs 16.9 crore in the same quarter of the preceding fiscal.
Meanwhile, LKP Securities initiated coverage on NMDC with a 'buy' rating for a 12-month target price of Rs 297 apiece.
"We initiate NMDC at 6.5x FY26E EV/EBITDA... Over FY24E-26E we expect NMDC to clock a Revenue/EBITDA/PAT CAGR of 12.9 per cent/18.8 per cent/19.1 per cent respectively," the report read.
LKP is upbeat on NMDC for the following reasons:
NMDC stands to capitalise on rising steel demand as India’s steel industry doubles by 2030.
This PSE is poised to be a key beneficiary of a potential repeat of the 2003-2007 capex boom, given the resemblance of the current economic landscape to that of 2003-2008.
Aggressive mine capacity expansion to meet upcoming demand. >>Abundant availability of high-quality ores for the next 40 years.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
04:03 PM IST