Vertex Securities Limited Announces Unaudited Standalone and Consolidated Earnings Results for the Third Quarter and First Nine Months Ended December 31, 2016
January 28, 2017 at 02:49 pm IST
Share
Vertex Securities Limited announced unaudited standalone and consolidated earnings results for the third quarter and first nine months ended December 31, 2016. For the quarter, on standalone basis, the company announced net income from operations of INR 13.647 million compared to INR 9.943 million a year ago. Profit from operations before other income, finance costs and exceptional items were INR 5.784 million compared to loss of INR 1.539 million a year ago. Profit from ordinary activities before tax was INR 3.615 million compared to loss of INR 3.209 million a year ago. Net profit was INR 3.615 million or INR 0.05 per basic and diluted share before and after extraordinary items compared to loss of INR 3.209 million or INR 0.04 per basic and diluted share before and after extraordinary items a year ago.
For the first nine months, on standalone basis, the company announced net income from operations of INR 37.178 million compared to INR 28.564 million a year ago. Profit from operations before other income, finance costs and exceptional items were INR 7.765 million compared to loss of INR 4.034 million a year ago. Profit from ordinary activities before tax was INR 2.813 million compared to loss of INR 8.274 million a year ago. Net profit was INR 2.813 million or INR 0.04 per basic and diluted share before and after extraordinary items compared to loss of INR 8.274 million or INR 0.11 per diluted share for before and after extraordinary items a year ago.
For the quarter, on consolidated basis, the company announced net income from operations of INR 16.843 million compared to INR 11.612 million a year ago. Profit from operations before other income, finance costs and exceptional items were INR 2.741 million compared to loss of INR 1.837 million a year ago. Profit from ordinary activities before tax was INR 3.617 million compared to loss of INR 3.536 million a year ago. Net profit was INR 3.617 million or INR 0.05 per basic and diluted share before and after extraordinary items compared to loss of INR 3.536 million or INR 0.05 per basic and diluted share before and after extraordinary items a year ago.
For the first nine months, on consolidated basis, the company announced net income from operations of INR 46.899 million compared to INR 34.647 million a year ago. Profit from operations before other income, finance costs and exceptional items were INR 8.698 million compared to loss of INR 4.282 million a year ago. Profit from ordinary activities before tax was INR 3.640 million compared to loss of INR 8.558 million a year ago. Net profit was INR 3.640 million or INR 0.049 per basic and diluted share before and after extraordinary items compared to loss of INR 8.558 million or INR 0.12 per basic and diluted share before and after extraordinary items a year ago.
Vertex Securities Limited is a stock broking company. The Company is primarily engaged as stock and securities broker and providing the financial services. The Company provides brokerage services in equity, equity derivatives and currency derivative segments through its network of branches and franchisees and provides commodity broking through its subsidiary company, Vertex Commodities and Finpro Private Limited. It offers a range of end-to-end online digital platform for trading in equity and derivatives (futures and options). It provides a range of technology for trading or investing in stock, commodities, currency markets, initial public offerings (IPOs), mutual funds through mobile, laptop and Web applications. It offers VIA VERTEX a trading application, which provides a single-window access to the Indian stock market, facilitating trading, viewing of stock holdings, trade details, margin, pay-in, pay-out, and all other required data.
Vertex Securities Limited Announces Unaudited Standalone and Consolidated Earnings Results for the Third Quarter and First Nine Months Ended December 31, 2016