Wealth First Portfolio Managers : Outcome of Board Meeting

DATE: 4TH NOVEMBER, 2022

To

Manager - Listing Department

National Stock Exchange of India Ltd.

Exchange Plaza, Plot No. C/1, G Block,

Bandra-Kurla Complex, Bandra (E),

Mumbai-400051

REF: WEALTH FIRST PORTFOLIO MANAGERS LIMITED

SCRIP CODE: WEALTH

Sub.: OUTCOME OF 03/2022-23BOARD MEETING HELD ON FRIDAY, 4TH OF NOVEMBER, 2022

Dear Sir/Madam,

Pursuant to Regulation 30 and 33 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, we would like to inform you that Board of Directors of the Company, at their meeting held today i.e Friday, 4th day of November, 2022 have inter alia, considered and approved the following matters:

1. Financial Results:

Approved the Unaudited Standalone and Consolidated Financial Results of the Company for the quarter and half year ended 30th September, 2022 along with the Limited Review Report issued by the Statutory Auditor M/s Jaimin Deliwala & Co., Chartered Accountants which was also duly reviewed and recommended by the Audit Committee. In this regard, we are enclosing herewith:

1. A copy of Unaudited Standalone and Consolidated Financial Results for the quarter and half year ended 30th September, 2022.
2. Limited Review Report on the Standalone and Consolidated Financial Results for the quarter and half year ended 30th September, 2022 issued by M/s Jaimin Deliwala & Co., Chartered Accounatnts.

The results will be available on the website of Stock Exchange www.nseindia.comand on the website of the Company www.wealth-firstonline.com.

The meeting was commenced at 04:30 P.M and concluded at 05:10 P.M.

You are requested to take the same on record.

Thanking You,

Yours Faithfully,

FOR AND ON BEHALF OF WEALTH FIRST PORTFOLIO MANAGERS LIMITED

ASHISH	Digitally signed by
NAVNITLAL	ASHISH NAVNITLAL
SHAH
SHAH	Date: 2022.11.04
17:09:50 +05'30'

ASHISH SHAH

MANAGING DIRECTOR

DIN: 00089075

Encl: Financial Result

JAIMIN PRAVINCHANDRA DELIWALA

Digitally signed by JAIMIN PRAVINCHANDRA DELIWALA Date: 2022.11.04 16:53:21 +05'30'

WEALTH FIRST PORTFOLIO MANAGERS LIMITED

CIN: L67120GJ2002PLC040636

Registered Office: "CAPITOL HOUSE", 10 PARAS - II, NEAR PRAHLADNAGAR GARDEN, AHMEDABAD - 380015.

Phone: [phone], E mail: [e-mail], Website: www.wealth-firstonline.com

Part - 1

Standalone Unaudited Financial Results For The Quarter and Half Year ended on 30.09.2022

All amount in Rs. Lakhs unless otherwise stated

Sr.			Quarter ended		Half Year ended	Year ended
Particulars	30.09.2022	30.06.2022	30.09.2021	30.09.2022	30.09.2021	31.03.2022
No.
	(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Audited)

1 Income

Revenue from operations:

	i. Income from Trading Activities (foot Note 1)	452.53	(221.64)	174.45	230.89	732.13	625.19
	ii. Business Activity Income	702.16	637.54	558.85	1,339.70	1,061.93	2,491.38
	(a) Total Revenue from Operations (i+ii)	1,154.69	415.90	733.30	1,570.59	1,794.06	3,116.57
	(b) Interest and Other Income	61.24	(9.38)	25.76	51.86	76.15	204.52
	Total Income	1,215.94	406.52	759.05	1,622.46	1,870.21	3,321.09
2	Expenses
	(a) Employee benefits expense	225.23	101.10	147.20	326.33	243.52	531.41
	(b) Finance Cost	0.07	0.06	1.56	0.13	1.62	6.63
	(c) Depreciation and amortisation expense	12.41	11.07	4.48	23.48	8.70	32.43
	(d) Rent	8.21	9.83	4.50	18.04	4.50	24.13
	(e) Other expenses	77.23	58.50	60.13	135.73	108.56	263.71
	Total expenses	323.15	180.56	217.88	503.71	366.89	858.30
	Profit/(Loss) from operations before an
3 Exceptional and Extra ordinary items and Tax (1-	892.79	225.96	541.18	1,118.75	1,503.32	2,462.79
	2)
4	Exceptional Items	-	-	-	-	-	-
5	Profit/(Loss) from ordinary activities before an	892.79	225.96	541.18	1,118.75	1,503.32	2,462.79
Extra Ordinary items and Tax (3 - 4)
6	Extra Ordinary Items	-	-	-	-	-	-
7	892.79	225.96	541.18	1,118.75	1,503.32	2,462.79
	Profit/(Loss) from ordinary activities before tax
	(5 - 6)
8	Tax Expense (net)
	(a) Current tax	224.70	56.87	136.21	281.57	378.39	576.24
	(b) Deffered tax	-	-	-	-	-	9.99
	Total Tax Expenses	224.70	56.87	136.21	281.57	378.39	586.23
9	Net Profit(Loss) for the Period from continuing	668.09	169.09	404.96	837.18	1,124.93	1,876.56
operations
10	Other comprehensive income
	(A) (i) Items that will not be reclassified to profit or	504.71	(258.81)	-	245.90	-	80.31
	(loss)
	(ii) Income tax relating to items that will not be	-	-	-	-	-	-
11	reclassified to profit or (loss)	1,172.80	(89.72)	404.96	1,083.08	1,124.93	1,956.86
	Profit(loss) for period before minority interest
12	Share of profits(loss) of subsidiary	-	-	-	-	-	-
13	-	-	-	-	-	-
14	Profit(loss) of minority Interest	1,172.80	(89.72)	404.96	1,083.08	1,124.93	1,956.86
	Net Profit(loss) for the period
15	Details of Equity share capital
	(a) Paid up Equity Share capital	1,065.50	1,065.50	1,065.50	1,065.50	1,065.50	1,065.50
16	(b) face value of Equity share capital	10.00	10.00	10.00	10.00	10.00	10.00
	Details of Debt Securities
	(a) Paid up Debt capital	-	-	-	-	-	-
	-	-	-	-	-	-
17	(b) face value of debt securities
	Reserve excluding Revaluation Reserves as per	6,560.91	-	4,674.64	6,560.91	4,674.64	5,477.86
	balance sheet of previous accounting year
18	Debentures redemption reserve	-	-	-	-	-	-
19
	Earnings per share (before extra ordinary
	items) (of Rs. 10 each) (not annualised):
	(a) Basic	6.27	1.59	3.80	7.86	10.56	17.61
20	(b) Diluted	6.27	1.59	3.80	7.86	10.56	17.61
	Earnings per share (after extra ordinary items)
	(of Rs. 10 each) (not annualised):
	(a) Basic	6.27	1.59	3.80	7.86	10.56	17.61
21	(b) Diluted	6.27	1.59	3.80	7.86	10.56	17.61
	Debt Equity Ratio	-	-	-	-	-	-
22	-	-	-	-	-	-
23	Debt service coverage ratio	-	-	-	-	-	-
	Interest Service Coverage Ratio

NOTES :

1		Revenue from Trading Activities
	Sales of Shares & Securities		10,827.15			10,822.25			52,881.24			21,649.41		1,16,494.77			1,45,661.28
	Less: Purchase of Shares & Securities		10,507.08			10,679.46			52,322.14			21,186.54		1,15,756.60			1,44,674.77
		Income from Trading Activities		442.47			(218.40)		214.91			224.07		777.77			749.98
	Less: Change in Fair value of Stock		(122.39)		361.19			344.19			238.80		(39.60)		236.53
	Add / (less) : profit / (Loss) from Derivative		452.5310.07			(221.64)(3.25)		174.45(40.46)		230.896.82		732.13(45.64)		(124.79)625.19
		Net Income from Trading Activities
	Activities

1. The above unaudited financial results are reviewed by the Audit Committee and have been approved by the Board of Directors at their meeting held on Friday, 4th November, 2022. These standalone unaudited financial results have been prepared in accordance with the recognition and measurement principals laid down in Indian Accounting Standards 34 -
2. Interim Financial Reporting ("Ind AS 34") prescribed under section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principal generally accepted in India.
   The Company's main business is of Broking Services, Distributor of MF & Govt. Securities Trading and all other activities revolve around the same. All activities of the Company are
3. carried out in India. As such there are no separate reportable segments as per the Indian Accounting Standard 108 (IND AS 108) on Operating Segments.
4. Figures have been re-grouped or re-classified, whereever necessary.

6

The figures for the quarter ended September 30, 2022 are the balancing figures between unaudited figures of the half year ended September 30, 2022 and unaudited figures in respect of the three months ended June 30, 2022.

1. The above financial results are available on companies website www.wealth-firstonline.com and the stock exchange viz. www.nseindia.com
2. The reconciliation of net profit or loss reported in accordance with indian GAAP to total comprehensive income in accordance with IND AS is given below:

			Quarter ended		Half Year ended	Year ended
	Description	30.09.2022	30.06.2022	30.09.2021	30.09.2022	30.09.2021	31.03.2022
		(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Audited)
Net profit / (Loss) as per India GAAP	668.09	169.09	404.96	837.18	1,124.93	1,876.56
Add: On account of unwinding of Interest	-	-	-	-	-	-
-	-	-	-	-	-
Add: Adjustment on account of Constructive
obligation
Net Profit / (Loss) as per Ind AS	668.09	169.09	404.96	837.18	1,124.93	1,876.56
Add: Other Comprehensive Income (Net of Tax)	504.71	(258.81)	-	245.90	-	80.31
Total Comprehensive income / (Loss)	1,172.80	(89.72)	404.96	1,083.08	1,124.93	1,956.86
FOR, WEALTH FIRST PORTFOLIO MANAGERS LIMITED
ASHISH	Digitally signed by
NAVNITLAL	ASHISH NAVNITLAL
SHAH
SHAH	Date: 2022.11.04
17:10:26 +05'30'

ASHISH SHAH

MANAGING DIRECTOR

DIN: 00089075

Date: 04/11/2022

Place: Ahmedabad