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Ganges Securities Ltd Q1FY24; 27% fall in Revenue

Incorporated in 2015, Ganges Securities Ltd is a part of the K.K. Birla Group. The Co. is a Core Investment Company primarily engaged in investing and dealing in securities of group companies and immovable properties. It also has a subsidiary engaged in the tea business.


Financial Results:

  • Ganges Securities Ltd reported Revenues for Q1FY24 of ₹5.89 Crores down from ₹8.08 Crore year on year, a fall of 27.1%.
  • Total Expenses for Q1FY24 of ₹6.40 Crores down from ₹6.98 Crores year on year, a fall of 8.31%.
  • Consolidated Net Profit of -₹0.52 Crores from ₹1.40 Crores in the same quarter of the previous year.
  • The Earnings per Share is -₹0.52, from ₹1.40 in the same quarter of the previous year.
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