COMPANY QUOTE

details
Share Market News
Sakthi Finance is currently trading at Rs. 13.60, up by 0.21 points or 1.57% from its previous closing of Rs. 13.39 on the BSE.The scrip opened at Rs. 13.39 and has touched a high and low of Rs. 13.99 and Rs. 13.00 respectively. So far 9039 shares were traded on the counter.The BSE group `X` stock of face value Rs. 10 has touched a 52 week high of Rs. 20.20 on 29-Mar-2019 and a 52 week low of Rs. 11.95 on 02-Aug-2019.Last one week high and low of the scrip stood at Rs. 15.56 and Rs. 12.44 respectively. The current market cap of the company is Rs. 68.00 crore.The promoters holding in the company stood at 64.21%, while Institutions and Non-Institutions held 0.01% and 35.77% respectively.Sakthi Finance has raised Rs 25 crore through the allotment of 1,47,05,882 equity shares, face value of Rs 10 each on preferential basis at Rs 17 per equity share, which includes a premium of Rs 7 per equity share.Consequently, the issued, subscribed and paid-up equity share capital of the Company stands increased from 50,00,00,000 to 64,70,58,820.Sakthi Finance provides a wide variety of loans for cars, commercial vehicles, plant machinery and equipment are available and it is one of the first companies to introduce used vehicle financing.
The Total revenue for the quarter ended December 2018 of Rs. 418.60 millions remain, more or less, the same.Net profit declined -13.05% to Rs. 27.72 millions from Rs. 31.88 millions.The company reported a good operating profit of 303.64 millions compared to 300.70 millions of corresponding previous quarter. (Rs. in Million) Quarter ended Year to Date Year ended 201812 201712 % Var 201812 201712 % Var 201803 201703 % Var Sales 418.60 401.77 4.19 1221.80 1210.97 0.89 1659.79 1678.12 -1.09 Other Income 3.07 4.30 -28.60 19.52 21.86 -10.70 25.81 27.42 -5.87 PBIDT 303.64 300.70 0.98 899.64 925.65 -2.81 1217.91 1277.98 -4.70 Interest 253.24 245.10 3.32 741.33 752.71 -1.51 999.33 1034.66 -3.41 PBDT 50.40 55.60 -9.35 158.32 172.94 -8.45 218.59 243.32 -10.16 Depreciation 9.13 8.34 9.47 26.21 24.83 5.56 33.19 32.17 3.17 PBT 41.27 47.26 -12.67 132.11 148.11 -10.80 185.40 211.15 -12.20 TAX 13.55 15.38 -11.90 35.73 41.60 -14.11 66.14 43.59 51.73 Deferred Tax -0.13 -5.21 -97.50 -11.46 -22.00 -47.91 -18.02 -16.39 9.95 PAT 27.72 31.88 -13.05 96.38 106.51 -9.51 119.26 167.56 -28.83 Equity 500.00 500.00 0.00 500.00 500.00 0.00 500.00 500.00 0.00 PBIDTM(%) 72.54 74.84 -3.08 73.63 76.44 -3.67 73.38 76.16 -3.65
Revenue reduced marginally to stand at Rs. 395.48 millions during the quarter ended June 2018. The figure stood at Rs. 406.11 millions during the year-ago period.Net profit declined -10.72% to Rs. 32.98 millions from Rs. 36.94 millions.Operating Profit reported a sharp decline to 292.19 millions from 312.88 millions in the corresponding previous quarter. (Rs. in Million) Quarter ended Year to Date Year ended 201806 201706 % Var 201806 201706 % Var 201803 201703 % Var Sales 395.48 406.11 -2.62 395.48 406.11 -2.62 1659.79 1678.12 -1.09 Other Income 6.68 7.64 -12.57 6.68 7.64 -12.57 25.81 27.42 -5.87 PBIDT 292.19 312.88 -6.61 292.19 312.88 -6.61 1217.91 1277.98 -4.70 Interest 243.40 254.17 -4.24 243.40 254.17 -4.24 999.33 1034.66 -3.41 PBDT 48.80 58.71 -16.88 48.80 58.71 -16.88 218.59 243.32 -10.16 Depreciation 8.47 8.16 3.80 8.47 8.16 3.80 33.19 32.17 3.17 PBT 40.33 50.55 -20.22 40.33 50.55 -20.22 185.40 211.15 -12.20 TAX 7.35 13.61 -46.00 7.35 13.61 -46.00 66.14 43.59 51.73 Deferred Tax -8.44 -8.50 -0.71 -8.44 -8.50 -0.71 -18.02 -16.39 9.95 PAT 32.98 36.94 -10.72 32.98 36.94 -10.72 119.26 167.56 -28.83 Equity 500.00 500.00 0.00 500.00 500.00 0.00 500.00 500.00 0.00 PBIDTM(%) 73.88 77.04 -4.10 73.88 77.04 -4.10 73.38 76.16 -3.65
The sales for the December 2017 quarter moved down to Rs. 401.77 millions as compared to Rs. 426.02 millions during the year-ago period.Net profit declined -20.83% to Rs. 31.88 millions from Rs. 40.27 millions.Operating Profit reported a sharp decline to 300.70 millions from 316.35 millions in the corresponding previous quarter. (Rs. in Million) Quarter ended Year to Date Year ended 201712 201612 % Var 201712 201612 % Var 201703 201603 % Var Sales 401.77 426.02 -5.69 1210.97 1238.34 -2.21 1678.12 1680.26 -0.13 Other Income 4.30 3.66 17.49 21.86 23.10 -5.37 27.42 40.42 -32.16 PBIDT 300.70 316.35 -4.95 925.65 952.22 -2.79 1277.98 1301.82 -1.83 Interest 245.10 256.74 -4.53 752.71 772.37 -2.55 1034.66 1026.11 0.83 PBDT 55.60 59.61 -6.73 172.94 179.85 -3.84 243.32 232.50 4.65 Depreciation 8.34 8.27 0.85 24.83 24.09 3.07 32.17 28.51 12.84 PBT 47.26 51.34 -7.95 148.11 155.76 -4.91 211.15 203.99 3.51 TAX 15.38 11.07 38.93 41.60 45.57 -8.71 43.59 78.74 -44.64 Deferred Tax -5.21 -5.51 -5.44 -22.00 -11.62 89.33 -16.39 -7.57 116.51 PAT 31.88 40.27 -20.83 106.51 110.19 -3.34 167.56 125.25 33.78 Equity 500.00 500.00 0.00 500.00 500.00 0.00 500.00 500.00 0.00 PBIDTM(%) 74.84 74.26 0.79 76.44 76.89 -0.59 76.16 77.48 -1.71
A minor change in the total revenue was seen in the June 2017 quarter. The total revenue for the quarter stood at Rs. 406.11 millions against Rs. 398.18 millions during year ago period.A humble growth in net profit of 14.58% reported in the quarter ended June 2017 to Rs. 36.94 millions from Rs. 32.24 millions.OP of the company witnessed a marginal growth to 312.88 millions from 309.99 millions in the same quarter last year. (Rs. in Million) Quarter ended Year to Date Year ended 201706 201606 % Var 201706 201606 % Var 201703 201603 % Var Sales 406.11 398.18 1.99 406.11 398.18 1.99 1678.12 1680.26 -0.13 Other Income 7.64 7.82 -2.30 7.64 7.82 -2.30 27.42 40.42 -32.16 PBIDT 312.88 309.99 0.93 312.88 309.99 0.93 1277.98 1301.82 -1.83 Interest 254.17 254.46 -0.11 254.17 254.46 -0.11 1034.66 1026.11 0.83 PBDT 58.71 55.53 5.73 58.71 55.53 5.73 243.32 232.50 4.65 Depreciation 8.16 7.66 6.53 8.16 7.66 6.53 32.17 28.51 12.84 PBT 50.55 47.87 5.60 50.55 47.87 5.60 211.15 203.99 3.51 TAX 13.61 15.63 -12.92 13.61 15.63 -12.92 43.59 78.74 -44.64 Deferred Tax -8.50 -3.39 150.74 -8.50 -3.39 150.74 -16.39 -7.57 116.51 PAT 36.94 32.24 14.58 36.94 32.24 14.58 167.56 125.25 33.78 Equity 500.00 500.00 0.00 500.00 500.00 0.00 500.00 500.00 0.00 PBIDTM(%) 77.04 77.85 -1.04 77.04 77.85 -1.04 76.16 77.48 -1.71
Sakthi Finance has informed that the 59th Annual General Meeting (AGM) of the Company will be held on September 24, 2016.The above information is a part of company’s filings submitted to BSE.
Sakthi Finance has informed that GDA Trusteeship, Pune are presently acting Trustees to the Debenture holders in relation to the NCD Public Issues of the Company. GDA Trusteeship, Pune has informed to the Company on June 10, 2016 that the name of their Company ‘GDA Trusteeship' has been changed to ‘Catalyst Trusteeship' with effect from June 08, 2016.The above information is a part of company’s filings submitted to BSE.
Sakthi Finance has informed that a meeting of the Board of Directors of the Company will be held on March 12, 2016, to consider and approve the Issue of Non-Convertible Debentures (Unsecured) for an amount not exceeding Rs 25 crore on private placement basis to an investment fund; and declaration of Interim Dividend on 10% Redeemable Cumulative Preference shares of Rs 100 each (Unlisted) and fixation of Record date.The above information is a part of company’s filings submitted to BSE.
Sakthi Finance has informed about Quarterly Statement on Investor Complaints / Grievances Redressal Mechanism for the Quarter ended December 31, 2015, under Regulation 13(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.The above information is a part of company’s filings submitted to BSE.
Sakthi Finance has informed that the Board of Directors of the Company at its meeting held on November 14, 2015, approved appointment of S. Venkatesh, Company Secretary of the Company, as Compliance Officer under SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.The above information is a part of company’s filings submitted to BSE.
Sakthi Finance has informed that the Board of Directors of the Company at its meeting held on November 14, 2015, has considered and approved the relinquishment from the post of Chief Financial Officer by Dr. S.Veluswamy with effect from the November 14, 2015, and appointment of M.K. Vijayaraghavan Senior President (Finance and Corporate services) as Chief Financial Officer with effect from November 14, 2015.The above information is a part of company’s filings submitted to BSE.
Sakthi Finance has informed about the details of voting results at the 58th Annual General Meeting (AGM) of the Company held on September 28, 2015, under Clause 35A of Listing Agreement.The above information is a part of company’s filings submitted to BSE.