LKP Securities Ltd, a notable player in India’s financial services sector, watched its shares soar by 5% today, reaching an upper circuit limit at Rs 21.81 per share. This marks an impressive 83.12% increase from its 52-week low – a testament to the stock’s upward trajectory. The firm reported exceptionally strong quarterly and annual results, and announced a significant investment in its subsidiary, prospects that have markets buzzing with anticipation.
| Q1FY24 | Q1FY25 | Increase (%) | |
|---|---|---|---|
| Net Sales | 18.17 crore | Rs 30.47 crore | 68% |
| Net Profit | Rs 1.42 crore | Rs 4.10 crore | 189% |
| FY23 | FY24 | Increase (%) | |
|---|---|---|---|
| Net Sales | 76.99 crore | Rs 96.18 crore | 25% |
| Net Profit | Rs 3.16 crore | Rs 9.50 crore | 200.6% |
LKP Securities’ Q1 results for FY25 revealed a significant 68% increase in net sales, while net profit surged by a phenomenal 189%. The FY24 annual results paralleled this growth, reporting a 25% increase in net sales and a 200.6% jump in net profit.
WHY: These stunning results echoed in their consolidated financial performance. Q1FY25 saw a rise in net sales by 66% and net profit by 158%. Furthermore, FY24’s consolidated net sales marked a 24.4% increase and net profit soared by 154.7%, painting a picture of a company on a steadfast growth path.
In a strategic move that pushed the excitement further, LKP Securities announced an investment of Rs 50 lakhs in its wholly-owned subsidiary, LKP IFSC Private Limited. With this investment, LKP Securities looks forward to maintaining its 100% ownership in the subsidiary, while expanding into the alternative investment field. This forward-thinking strategy pairs well with LKP IFSC’s focus – broking and alternative investment fund businesses at GIFT City, India’s leading international financial services centre.
Founded in 1948, LKP Securities has a robust presence in India’s financial services industry, with its services spanning stock and securities broking, equity advisory, and portfolio management. Its determinant research-oriented approach and footprint across 150 cities in India affirm its standing as a trusted financial advisor. With this spectacular growth and strategic investment, LKP Securities cements its stake further, spurring investor interest and confidence.
Price Movement: As of Friday afternoon’s trading hours, LKP’s share prices have bumped up by 4.96% at ₹21.81
