Crest Ventures Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2021
November 12, 2021 at 01:25 am
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Crest Ventures Limited reported earnings results for the second quarter and six months ended September 30, 2021. For the second quarter, the company reported revenue was INR 141.57 million compared to INR 135.55 million a year ago. Net income was INR 62.1 million compared to net loss of INR 30.55 million a year ago. Basic earnings per share from continuing operations was INR 2.18 compared to basic loss per share from continuing operations of INR 1.07 a year ago. Diluted earnings per share from continuing operations was INR 2.18 compared to diluted loss per share from continuing operations of INR 1.07 a year ago.
For the six months, revenue was INR 274.9 million compared to INR 275 million a year ago. Net income was INR 67.77 million compared to net loss of INR 2.97 million a year ago. Basic earnings per share from continuing operations was INR 2.38 compared to basic loss per share from continuing operations of INR 0.1 a year ago. Diluted earnings per share from continuing operations was INR 2.38 compared to diluted loss per share from continuing operations of INR 0.1 a year ago.
Crest Ventures Limited is an India-based non-banking financial company (NBFC). The Company is engaged in the business of real estate and related services, financial services and investment and credit. The Company's segments include Investing & Financial Activities, Broking & Related Activities, Real Estate & Related Activities, and Others. Investing & Financial Activities includes investing in subsidiary, associates, joint ventures, and other entities, dealing in fixed income securities market and advancing of inter corporate loans. Broking & Related Activities includes broking and related intermediary services in wholesale debt market, foreign exchange markets, options and swaps, mutual fund, and portfolio management services. Real Estate & Related Activities p includes sale from residential and commercial premises, project development fees and revenue from license fees and other services charged from its residential and commercial properties.