Authum Investment & Infrastructure (539177) Q1 24/25 earnings summary

Executive summary

• Unaudited standalone and consolidated financial results for the quarter ended June 30, 2024, were approved on August 7, 2024, following audit committee review and limited statutory audit.

• The quarter reflects the impact of the demerger of Reliance Commercial Finance Limited's lending business, effective from October 1, 2023, as per NCLT order dated May 10, 2024.

• The company sold its entire stake in Authum Real Estate Private Limited on May 31, 2024, which ceased to be a subsidiary from that date.

Financial highlights

• Consolidated total income for Q1 FY25 was ₹1,418.65 crore, with a net profit of ₹1,096.63 crore.

• Standalone total income for Q1 FY25 was ₹1,413.33 crore, with a net profit of ₹1,092.75 crore.

• Basic and diluted EPS for the quarter were ₹64.57 (consolidated) and ₹64.34 (standalone).

• Other comprehensive income included a loss of ₹564.85 crore (consolidated) and ₹480.29 crore (standalone) on fair value of equity instruments.

Outlook and guidance

• Results for Q1 FY25 are not comparable to Q1 FY24 due to the demerger and business restructuring.

• Future profits/losses may fluctuate due to market risks affecting investment and trading in securities.