EAAA India Alternatives (EDELALTS) Q2 23/24 earnings summary

Executive summary

• Q2 FY24 total income was Rs 9,484.07 lacs and net profit was Rs 2,956.05 lacs; H1 FY24 total income reached Rs 17,801.49 lacs with net profit of Rs 5,166.32 lacs.

• The unaudited results received a limited review; the auditor reported no matters causing concern that the results contained a material misstatement or omitted required disclosures.

Financial highlights

• Q2 FY24 revenue from operations was Rs 9,483.54 lacs, versus Rs 7,347.93 lacs in Q2 FY23; other income was Rs 0.53 lacs.

• Q2 FY24 expenses were Rs 5,556.30 lacs and profit before tax was Rs 3,927.77 lacs, versus Rs 4,698.12 lacs and Rs 2,649.81 lacs in Q2 FY23.

• Q2 FY24 tax expense was Rs 971.72 lacs and net profit was Rs 2,956.05 lacs, versus Rs 632.41 lacs and Rs 2,017.40 lacs in Q2 FY23.

• H1 FY24 total income was Rs 17,801.49 lacs versus Rs 12,792.64 lacs in H1 FY23; net profit was Rs 5,166.32 lacs versus Rs 3,981.96 lacs.

Segment performance

• Operations comprise one reportable segment: investment management to alternative investment funds and advisory services to offshore funds.