Steel City Securities Ltd's Q3FY25 Quarterly Results
- 31 Jan 2025
Result Summary
- Steel City Securities Ltd reported a 15.6% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 18.9%.
- Its expenses for the quarter were down by 16.8% QoQ and up 4.1% YoY.
- The net profit decreased 5.6% QoQ and increased 70.2% YoY.
- The earnings per share (EPS) of Steel City Securities Ltd stood at 3.2 during Q3FY25.
Financial Statments for Q3FY25
Total Income | 17.08 | 20.24 | 14.36 | -15.6% | 18.9% |
Total Expenses | 11.12 | 13.36 | 10.68 | -16.8% | 4.1% |
Profit Before Tax | 6.01 | 6.46 | 3.71 | -7.0% | 62.0% |
Tax | 1.67 | 1.41 | 1.11 | 18.4% | 50.5% |
Profit After Tax | 4.85 | 5.14 | 2.85 | -5.6% | 70.2% |
Earnings Per Share | 3.20 | 3.40 | 1.90 | -5.9% | 68.4% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Steel City Securities Ltd is a company operating within the financial services sector in India. The company primarily focuses on offering services related to stockbroking, depository services, and other financial market solutions. As a participant in the financial services industry, Steel City Securities Ltd provides comprehensive solutions for trading and investing in securities. Any recent major developments specific to the company are not available in the provided data. The company plays a pivotal role in facilitating financial transactions and investments for its clients, leveraging its market expertise and infrastructure.
Revenue
In Q3FY25, Steel City Securities Ltd reported a total income of ₹17.08 crores. This represents a decrease of 15.6% compared to ₹20.24 crores in Q2FY25, indicating a quarter-over-quarter decline in revenue generation. However, when compared to the same quarter of the previous year, Q3FY24, where the total income was ₹14.36 crores, there is a year-over-year increase of 18.9%. This reflects an upward trend in the company's revenue over the past year, despite the recent quarterly downturn.
Profitability
The profitability metrics for Steel City Securities Ltd in Q3FY25 show a profit before tax of ₹6.01 crores, which is a decline of 7.0% from the previous quarter (Q2FY25) where it stood at ₹6.46 crores. Compared to the same quarter last year (Q3FY24), the profit before tax indicates a substantial increase of 62.0% from ₹3.71 crores. The profit after tax in Q3FY25 is reported at ₹4.85 crores, decreasing by 5.6% from Q2FY25's ₹5.14 crores. However, compared year-over-year, this figure shows a notable increase of 70.2% from ₹2.85 crores in Q3FY24. The tax expenses also increased by 18.4% quarter-over-quarter and 50.5% year-over-year, with the current quarter's tax at ₹1.67 crores.
Operating Metrics
The Earnings Per Share (EPS) for Steel City Securities Ltd in Q3FY25 is ₹3.20, reflecting a 5.9% decrease from Q2FY25's EPS of ₹3.40. On a year-over-year basis, the EPS has increased by 68.4% from ₹1.90 in Q3FY24. The total expenses for Q3FY25 are ₹11.12 crores, showing a reduction of 16.8% from the previous quarter where expenses were ₹13.36 crores. Compared to the same quarter last year, the total expenses have risen by 4.1% from ₹10.68 crores. This data highlights changes in operational costs and their impact on the company's financial metrics over the specified periods.