Prime Securities Reports Q2: Revenue Up by 93.7% Year-on-Year

The comprehensive analytics outlining the performance and outlook of Prime Securities Limited‘s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

Today, we’re looking at Prime Securities Limited’s financial performance for the Q2(Sep 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 93.7 %. However, it did see a marginal increase of 2.37 % from the previous quarter. Expenses decreased slightly by -29.82 % quarter-on-quarter, aligning with the annual rise of 10.06 %. Operating profit, while up 275.1 % compared to last year, faced a quarter-on-quarter increase of 44.57 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 29.55 %, but an expansion of 17.84 % sequentially. Interest expenses surged remarkably by 0 % from the previous quarter, yet the year-over-year increase remains at a moderate 0 %. Depreciation costs climbed by 10.71 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 19.23 %. Profit before tax grew annually by 290.83 % but saw an increase from the preceding quarter by 11.94 %.
Tax expenses as a percentage of profits decreased slightly by -9.85 % compared to last year, with a more notable quarter-on-quarter decrease of -20.42 %. Net profit rose by 335.44 % year-on-year but experienced a 42.15 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 329.31 % but a quarterly rise of 41.08 %. In summary, Prime Securities Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.

In reviewing Prime Securities Limited’s 2024(Q2) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 93.7 % year-on-year growth, however, there was a minor increase of 2.37 % from the previous quarter. Expenses rose by 10.06 % compared to the previous year, with a decrease of -29.82 % quarter-on-quarter. Operating Profit surged by 275.1 % annually, and saw a 44.57 % increase from the last quarter.
Net Profit showed yearly increase of 335.44 %, and experienced a 42.15 % increase from the previous quarter. Earnings Per Share (EPS) rose by 329.31 % annually, however rose by 41.08 % compared to the last quarter. In essence, while Prime Securities Limited exhibits strong annual growth indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.