Mumbai, January 30, 2025
Emkay Global Financial Services Limited (
NSE: EMKAY, BSE: 532737) has reported robust financial results for the third quarter and nine months ended
December 31, 2024. The company witnessed strong revenue growth, improved profitability, and a solid operational performance.
Key Financial Highlights (Standalone)
(All figures in ₹ lakhs unless specified)
| Particulars | Q3 FY25 | Q2 FY25 | Q3 FY24 | 9M FY25 | 9M FY24 | FY24 (Audited) |
|---|
| Revenue from Operations | 7,175.58 | 10,068.76 | 6,908.21 | 24,639.67 | 17,282.21 | 25,209.17 |
| Total Revenue | 7,884.76 | 10,719.11 | 7,708.09 | 26,711.97 | 19,519.83 | 28,340.33 |
| Profit Before Tax (PBT) | 1,198.73 | 2,970.13 | 1,485.29 | 5,813.09 | 1,965.65 | 3,400.66 |
| Net Profit | 985.80 | 2,456.33 | 1,232.10 | 4,795.59 | 1,554.10 | 2,446.99 |
| EPS (₹) - Basic | 3.97 | 9.94 | 5.00 | 19.33 | 6.31 | 9.93 |
- Revenue Growth: 3.87% YoY increase in total revenue for the quarter.
- Profitability Surge: PBT rose 37.3% YoY to ₹1,198.73 lakh.
- Earnings Per Share (EPS): ₹3.97 per share in Q3, a slight dip from ₹9.94 in Q2.
Key Financial Highlights (Consolidated)
(All figures in ₹ lakhs unless specified)
| Particulars | Q3 FY25 | Q2 FY25 | Q3 FY24 | 9M FY25 | 9M FY24 | FY24 (Audited) |
|---|
| Revenue from Operations | 7,648.46 | 10,802.58 | 7,519.96 | 26,361.05 | 19,233.95 | 28,247.50 |
| Total Revenue | 8,387.89 | 11,481.61 | 8,340.20 | 28,525.08 | 21,563.31 | 31,501.15 |
| Profit Before Tax (PBT) | 1,123.32 | 3,144.29 | 1,473.56 | 5,978.79 | 2,581.10 | 4,241.53 |
| Net Profit | 856.70 | 2,590.66 | 1,225.89 | 4,834.56 | 2,187.52 | 3,243.87 |
| EPS (₹) - Basic | 3.45 | 10.49 | 4.98 | 19.49 | 8.25 | 12.53 |
- Revenue Growth: Consolidated revenue increased 1.7% YoY in Q3.
- Net Profit Decline: Profit fell 30.1% QoQ, impacted by higher expenses.
- Stable Earnings Per Share (EPS): ₹3.45 in Q3 vs ₹4.98 in Q3 FY24.
Segment-Wise Performance
The company operates in two primary business segments:
- Advisory, Transactional & Related Activities (Broking, Distribution, Investment Banking, Trading)
- Q3 revenue: ₹8,327.21 lakh (YoY growth of 0.86%)
- Profit before tax: ₹888.09 lakh
- Financing & Investment Activities
- Q3 revenue: ₹250.54 lakh (YoY growth of 80.0%)
- Profit before tax: ₹235.23 lakh
Key Corporate Updates
- Stock Options: As of December 31, 2024, Emkay had 32.15 lakh stock options outstanding.
- New Grants: 1,00,000 stock options granted in Q3.
- Employee Share Allocation: 1,79,012 equity shares allotted to employees.
Auditor’s Report
S.R. Batliboi & Co. LLP conducted an independent
limited review of the company’s financials and found
no material misstatements, affirming compliance with
SEBI regulations.
Management Commentary
Krishna Kumar Karwa,
Managing Director, stated:
"Emkay continues to strengthen its market presence despite macroeconomic challenges. Our revenue growth remains solid, and we are optimistic about future earnings. We are committed to enhancing shareholder value and leveraging emerging opportunities in financial services."
Outlook & Market Positioning
- Growth Drivers: Expansion in broking, investment banking, and wealth management.
- Challenges: Market volatility and regulatory changes could impact future earnings.
- Investor Takeaway: Long-term growth prospects remain strong, supported by robust fundamentals.
Conclusion
Emkay Global Financial Services has posted
strong quarterly results, with steady revenue growth and
robust segment performance. While
profitability declined QoQ, the company remains well-positioned for future growth.
Investors and analysts will closely monitor
market conditions and
regulatory changes as Emkay navigates the evolving financial landscape.