Revenue Growth and Exceptional Gains Drive Strong Performance
Mumbai, January 31, 2025 – Summit Securities Limited (NSE: SUMMITSEC | BSE: 533306) announced its
unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2024.
Key Financial Highlights
Standalone Performance (₹ Lakhs)
| Particulars | Q3 FY25 (Dec 31, 2024) | Q2 FY25 (Sep 30, 2024) | Q3 FY24 (Dec 31, 2023) | 9M FY25 | 9M FY24 |
|---|
| Revenue from Operations | 48.79 | 4,023.50 | 913.61 | 4,677.67 | 3,679.84 |
| Profit Before Tax (PBT) | (489.64) | 3,934.15 | 859.32 | 4,473.44 | 3,493.01 |
| Net Profit After Tax | (422.92) | 2,823.80 | 737.52 | 3,249.97 | 2,727.33 |
| Other Comprehensive Income (OCI) | 54,308.69 | 14,170.99 | 5,970.63 | 1,49,882.95 | 1,17,842.47 |
| Total Comprehensive Income | 53,885.77 | 16,994.79 | 6,708.15 | 1,53,132.92 | 1,20,569.80 |
The
net loss of ₹422.92 lakh in Q3 FY25 contrasts with the ₹737.52 lakh profit in the corresponding quarter of the previous year, mainly due to fluctuations in fair value adjustments. However,
strong OCI gains of ₹54,308.69 lakh significantly contributed to total comprehensive income.
Consolidated Performance (₹ Lakhs)
| Particulars | Q3 FY25 (Dec 31, 2024) | Q2 FY25 (Sep 30, 2024) | Q3 FY24 (Dec 31, 2023) | 9M FY25 | 9M FY24 |
|---|
| Revenue from Operations | 99.78 | 10,667.55 | 1,787.04 | 12,242.09 | 8,256.45 |
| Profit Before Tax (PBT) | (617.07) | 10,532.72 | 1,702.38 | 10,532.91 | 7,985.84 |
| Net Profit After Tax | (485.79) | 7,515.04 | 1,465.04 | 7,321.71 | 6,132.94 |
| Other Comprehensive Income (OCI) | 1,02,906.66 | 51,027.09 | 40,929.85 | 3,13,793.11 | 3,06,527.33 |
| Total Comprehensive Income | 1,02,420.87 | 58,542.13 | 42,394.89 | 3,21,116.82 | 3,12,660.27 |
The
exceptional item of ₹1,382.83 lakh was recorded as a loss on the sale of Sudarshan Electronics & TV Limited, a step-down subsidiary.
Segment Performance
Summit Securities operates as an
investment holding company, earning revenue primarily through
dividends, interest income, and fair value gains. The company reported a
significant boost in fair valuation of equity instruments, leading to strong OCI growth.
Corporate Developments
- Revised Policies & Codes – The company approved modifications to its:
- Code of fair disclosure (including insider trading regulations).
- Policy on Related Party Transactions.
- Sale of Subsidiary – Instant Holdings Limited, a wholly-owned subsidiary, sold its entire stake in Sudarshan Electronics & TV Limited for ₹227.78 lakh, resulting in an exceptional loss.
Management Commentary
Kamesh Chandak,
Chairman, Summit Securities Limited, stated:
"Despite market volatility, our strategic investment approach continues to yield strong overall returns. Our long-term portfolio management remains focused on value creation and sustainable earnings growth."
Outlook
Summit Securities remains committed to
optimizing its investment portfolio and
enhancing shareholder valuethrough prudent financial management. The company’s financial stability, driven by
high OCI gains, positions it well for future opportunities.
Conclusion
Summit Securities reported
significant total comprehensive income, driven by gains from fair valuation changes, despite short-term losses. The company’s
long-term investment strategy continues to generate strong returns, reinforcing its position in the market.