This is the first earnings report from the company after its listing last month.
For the June quarter, ARCIL’s revenue from operations increased by 128% to ₹274 crore from ₹120.2 crore last year, while its total income was up 115% at ₹276.1 crore from ₹128.5 crore. in the same period.
The company’s profit after tax (PAT) in the first quarter came in at ₹143.1 crore, up 107% from last year’s ₹69.1 crore.
The company’s profitability and revenue both received a boost this quarter due to a strong recovery and write-back income of ₹120.1 crore. The figure during the same quarter last year was just ₹3.2 crore.
Its assets under management (AUM) increased 16% to ₹19,574 crore from the previous year’s ₹16,809 crore. However, it was down 2.9% sequentially from ₹20,150 crore.
Its annualised return on equity was at 18.2% in the first quarter compared to 10% in the previous fiscal and its annualized return on assets was at 12.8% from 8.4% in the year-ago period.
ARCIL shares listed on the stock exchanges last month in-line with its issue price of ₹139. The stock hit 10% upper circuit on Wednesday to hit an intraday and fresh post-listing high of ₹160.31. The stock is now up up 15.3% from its issue price.
With this three-day gaining streak, shares of ARCIL have gained nearly 15% during this period.
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