Angel One’s consolidated net profit rose 22% to Rs 221 crore for the quarter ended June. It was Rs 181 crore in the same period last year. On a sequential basis, net profit fell 17% from Rs 267 crore reported in the preceding March quarter.
Revenue from operations for the first quarter were at Rs 807 crore, up 18%, compared with Rs 684 crore in the corresponding quarter of last year. Interest income for the first quarter came in at Rs 145 crore, higher by 20% as against Rs 121 crore in the previous year quarter. Meanwhile, fee and commission income jumped 18% year-on-year to Rs 661 crore.
The company’s Board has also approved the first interim dividend for the financial Year 2023-24 at the rate of Rs 9.25 per share on equity shares having face value of Rs 10 each.
The record date for determining eligibility of shareholders for payment of the said interim dividend will be July 21. Further, the company has appointed N Arunkurnar as an additional non-executive independent director on the Board with immediate effect for a period of five years.
Tata Metaliks net profit for the quarter ended June stood at Rs 4.55 crore, growing multifold from just Rs 1.22 crore in the previous year period. However, the net profit fell nearly 92% when compared with Rs 55.5 crore reported in the fourth quarter of previous fiscal.
Revenue from operations declined 2% year-on-year to Rs 650 crore during the first quarter under review