Amarnath Securities Limited Reports Unaudited Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2014
January 20, 2015 at 08:52 am EST
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Amarnath Securities Limited reported unaudited standalone earnings results for the third quarter and nine months ended December 31, 2014. For the quarter, the company reported net sales/income from operations of INR 458,230 compared to INR 154,540 a year ago. Profit from operations before other income, finance cost and exceptional items was INR 100,913 compared to profit from operations before other income, finance cost and exceptional items of INR 125,590 a year ago. Profit from ordinary activities before tax was INR 100,913 compared to profit from ordinary activities before tax of INR 125,590 a year ago. Net profit for the period was INR 91,842 or INR 0.03 per basic and diluted share compared to net profit for the period of INR 125,590 or INR 0.04 per basic and diluted share a year ago.
For the nine months, the company reported net sales/income from operations of INR 1,323,690 compared to INR 162,790 a year ago. Profit from operations before other income, finance cost and exceptional items was INR 372,822 compared to profit from operations before other income, finance cost and exceptional items of INR 130,160 a year ago. Profit from ordinary activities before tax was INR 372,822 compared to profit from ordinary activities before tax of INR 130,160 a year ago. Net profit for the period was INR 279,756 or INR 0.09 per basic and diluted share compared to net profit for the period of INR 130,160 or INR 0.04 per basic and diluted share a year ago.
Amarnath Securities Ltd is a non-banking financial company. It is in the business of merchant banking in all its aspect to act as managers to issues and offers, whether by way of public offer or otherwise, of shares, stocks, debentures, bonds, units, participation certificates, deposits, certificates, notes, bills, warrants or any other paper or scripts. It also acts as agents or dealers in the securities in the course of merchant banking business to act as financial consultants, joint managers, lead managers, co-managers, advisors and counselors in investment and capital markets, to underwrite, sub underwrite or to provide stand by or procurement arrangement, to issue guarantees or to give another commitments for subscribing or agreeing to subscribe or procure or agree to procure subscription for the securities, to become corporate member of any stock exchange and to act as share and stock broker to subscribe, invest, acquire, purchase, hold, sell or otherwise.
AMARNATH SECURITIES LIMITED 
