Prime Securities Q2 Results Live: Profit Rises by 335.44% YoY

Prime Securities Q2 Results Live : Prime Securities has announced their Q2 results for 2024, declaring a remarkable increase in both revenue and profit. The company's topline surged by 93.7% year-over-year, while profit soared by an impressive 335.44%. This substantial growth reflects the strong performance of the firm in a competitive market.

In comparison to the previous quarter, Prime Securities reported a modest revenue growth of 2.37%, accompanied by a profit increase of 42.15%. These figures indicate a consistent upward trend in the company's financial health.

The company's Selling, General & Administrative expenses saw a decline of 4.67% quarter-over-quarter but increased by 19.97% year-over-year. This suggests that while operational efficiency may have improved recently, costs are still higher compared to the same period last year.

Operating income also showcased significant growth, rising by 11.93% from the previous quarter and a staggering 287.88% year-over-year, highlighting the effectiveness of Prime Securities' strategic initiatives.

Earnings Per Share (EPS) reached ₹5.19 for Q2, reflecting a staggering increase of 374.47% year-over-year, further indicating the company's strong profitability during this period.

Additionally, Prime Securities has delivered an impressive return of 2.5% over the last week, 87.23% over the last six months, and a remarkable 92.14% year-to-date return. This performance highlights the stock's resilience and investor confidence.

Currently, Prime Securities holds a market capitalization of ₹1094.5 Crores, with its stock trading between a 52-week high of ₹339.9 and a low of ₹131.8. These figures reflect strong investor interest and market performance.