Summit Securities Ltd's Q3FY25 Quarterly Results

Result Summary

• Summit Securities Ltd reported a 99.1% 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 decline of 94.4%.
• Its expenses for the quarter were up by 435.8% QoQ and 754.8% YoY.
• The net profit decreased 106.5% QoQ and decreased 133.2% YoY.
• The earnings per share (EPS) of Summit Securities Ltd declined at 4.5 during Q3FY25.

Financial Statments for Q3FY25

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Summit Securities Ltd is a company engaged in the securities industry, primarily involved in investment activities. Typically, companies in this sector focus on managing portfolios of investments, which may include equity shares, bonds, and other financial instruments. As of the data available, there is no specific information provided about recent major developments or strategic changes within Summit Securities Ltd. The company's operations are likely influenced by market dynamics and regulatory frameworks governing investment and securities firms.

Revenue

During the third quarter of fiscal year 2025 (Q3FY25), Summit Securities Ltd reported a total income of ₹1.00 crore. This marks a significant decrease from ₹106.68 crores in the previous quarter (Q2FY25) and ₹17.87 crores in the same quarter of the previous fiscal year (Q3FY24). The quarter-over-quarter (QoQ) decline is 99.1%, while the year-over-year (YoY) decrease is 94.4%. These figures indicate substantial reductions in revenue generation over both the quarterly and yearly periods.

Profitability

In Q3FY25, Summit Securities Ltd recorded a loss before tax of ₹6.17 crores, contrasting with a profit before tax of ₹105.33 crores in Q2FY25 and ₹17.02 crores in Q3FY24. The QoQ change is -105.9%, and the YoY change is -136.3%. After accounting for tax, the company posted a net loss of ₹4.86 crores in Q3FY25, compared to a profit after tax of ₹75.15 crores in Q2FY25 and ₹14.65 crores in Q3FY24. The earnings per share (EPS) also turned negative at ₹-4.50, following ₹68.90 in Q2FY25 and ₹13.40 in Q3FY24. The declines in both net income and EPS reflect the challenges faced in maintaining profitability.

Operating Metrics

Total expenses in Q3FY25 amounted to ₹7.18 crores, which is a significant increase from ₹1.34 crores in Q2FY25 and ₹0.84 crores in Q3FY24. The QoQ increase is 435.8%, while the YoY increase is 754.8%. The substantial rise in expenses during this quarter contributed to the overall financial performance, affecting the profitability metrics. The tax expense also shifted from a positive of ₹30.18 crores in Q2FY25 to a negative of ₹-1.31 crores in Q3FY25, showing a decrease of 104.3% QoQ, and a YoY decrease of 155.3% from ₹2.37 crores in Q3FY24. These variations highlight the changes in operational cost structures and tax positions during the period.