Quarterly Results: Advik Capital's net profit up 142%
In an exchange filing, the company said that its quarterly net profit in June 2024 was Rs 2.22 crore as compared to Rs 0.91 crore in the same quarter last year.
Non-Banking Finance Company (NBFC) Advik Capital has declared it earnings for the first quarter of the financial year 2024-25. The company has reported a surge of around 140 per cent in net profit.
In an exchange filing, the company said that its quarterly net profit in June 2024 was Rs 2.22 crore as compared to Rs 0.91 crore in the same quarter last year.
Similarly, Advik Capital's net sales are at Rs 4.97 crore in the first quarter of the financial year 2024, up 11.18 per cent from Rs 4.47 crore in June 2023.
The company's revenue from operations stood at Rs 4.96 crore in the first quarter of FY2024-24. It was at Rs 4.46 crore in the first quarter a year ago.
EBITDA stands at Rs. 4.66 crore in June 2024 up 60.69 per cent from Rs. 2.90 crore in June 2023.
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