Crest Ventures Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2021
February 11, 2022 at 06:22 am
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Crest Ventures Limited reported earnings results for the third quarter and nine months ended December 31, 2021. For the third quarter, the company reported revenue was INR 129.97 million compared to INR 135.53 million a year ago. Net income was INR 69.78 million compared to INR 7.6 million a year ago. Basic earnings per share from continuing operations was INR 2.45 compared to INR 0.27 a year ago. Diluted earnings per share from continuing operations was INR 2.45 compared to INR 0.27 a year ago.
For the nine months, revenue was INR 404.87 million compared to INR 410.53 million a year ago. Net income was INR 137.55 million compared to INR 4.64 million a year ago. Basic earnings per share from continuing operations was INR 4.83 compared to INR 0.16 a year ago. Diluted earnings per share from continuing operations was INR 4.83 compared to INR 0.16 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.