Indo Thai Securities Limited Announces Unaudited Consolidated and Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2013
January 21, 2014 at 12:04 pm EST
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Indo Thai Securities Limited announced unaudited consolidated and standalone earnings results for the third quarter and nine months ended December 31, 2013. For the quarter, on consolidated basis, the company reported net sales/income from operations of INR 50.532 million compared to INR 17.795 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 1.147 million compared to INR 7.522 million a year ago. Profit from ordinary activities before tax was INR 3.849 million compared to loss from ordinary activities before tax of INR 0.733 million a year ago. Net profit for the period was INR 3.078 million or INR 0.31 per basic and diluted share compared to net loss for the period of INR 0.745 million or INR 0.07 per basic and diluted share a year ago.
For the nine months, on consolidated basis, the company reported net sales/income from operations of INR 106.648 million compared to INR 52.866 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 7.238 million compared to INR 29.224 million a year ago. Profit from ordinary activities before tax was INR 9.497 million compared to loss from ordinary activities before tax of INR 7.955 million a year ago. Net profit for the period was INR 6.953 million or INR 0.70 per basic and diluted share compared to net loss for the period of INR 7.962 million or INR 0.80 per basic and diluted share a year ago.
For the quarter, on standalone basis, the company reported net sales/income from operations of INR 50.532 million compared to INR 17.795 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 1.140 million compared to INR 7.522 million a year ago. Profit from ordinary activities before tax was INR 4.479 million compared to loss from ordinary activities before tax of INR 0.733 million a year ago. Net profit for the period was INR 3.513 million or INR 0.35 per basic and diluted share compared to net loss for the period of INR 0.745 million or INR 0.07 per basic and diluted share a year ago.
For the nine months, on standalone basis, the company reported net sales/income from operations of INR 106.648 million compared to INR 52.866 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 7.220 million compared to INR 29.224 million a year ago. Profit from ordinary activities before tax was INR 7.631 million compared to loss from ordinary activities before tax of INR 7.955 million a year ago. Net profit for the period was INR 5.663 million or INR 0.57 per basic and diluted share compared to net loss for the period of INR 7.962 million or INR 0.80 per basic and diluted share a year ago.
Indo Thai Securities Limited is an India-based company, which provides broking and clearing services in the capital and derivatives segments. It offers services to corporate clients, high net worth individuals and retail investors. The Company operates through six segments: Equity, futures, and options (F&O), Currency Derivatives, Mutual Fund, Income from Depository Operations, and Commodity. Its products and services include equity and derivative trading, commodities derivative trading, currency derivative trading, depository services, initial public offer (IPO), insurance, algo trading, portfolio management services, non-convertible debentures, bonds, fixed deposit, wealth management and co-working space. It offers trading platforms, including Winstock - DIET (Desktop Application), Winstock - Online Trading Platform and Winstock - Mobile Application. Its Desktop Application enables trading in products across all asset classes ranging from equities, derivatives, IPOs, and others.
Indo Thai Securities Limited Announces Unaudited Consolidated and Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2013