Prudent Corporate Advisory Services Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
January 25, 2024 at 02:50 am
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Prudent Corporate Advisory Services Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported revenue was INR 2,144.4 million compared to INR 1,610.2 million a year ago. Net income was INR 357.01 million compared to INR 284.9 million a year ago. Basic earnings per share from continuing operations was INR 8.62 compared to INR 6.89 a year ago. Diluted earnings per share from continuing operations was INR 8.62 compared to INR 6.89 a year ago.
For the nine months, revenue was INR 5,788.12 million compared to INR 4,384.73 million a year ago. Net income was INR 941.81 million compared to INR 754.6 million a year ago. Basic earnings per share from continuing operations was INR 22.75 compared to INR 18.22 a year ago. Diluted earnings per share from continuing operations was INR 22.75 compared to INR 18.22 a year ago.
Prudent Corporate Advisory Services Limited is a diversified financial services company. The Company offers a technology-enabled, comprehensive investment and financial services platform with end-to-end solutions critical for financial products distribution and presence across both online and offline channels. It is mainly engaged in the business of advisory and distribution of various mutual funds. It also acts as an agent/broker for real estate and distribution of other financial products, such as insurance, bonds, deposits, debentures, loan against securities, portfolio management service (PMS) products, unlisted shares, alternate investment funds (AIFs), National Pension System (NPS), structure products, Liquiloan and others. It offers digital wealth management (DWM) solutions through platforms, namely, FundzBazar, PrudentConnect, Policyworld and CreditBasket. Its subsidiaries include Prutech Financial Services Private Limited, Prudent Broking Service Private Limited and others.
PRUDENT CORPORATE ADVISORY SERVICES LIMITED 
