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Profit of Rs. 8.06 lacs at SSPN Finance in first half of FY2019-20

Despite decrease in revenue by Rs.2.92 lacs in HY30.9.2019 against Rs.22.24 Lacs revenue of last year same period at SSPN Finance, the company grossed double profit.

Company : SSPN Finance Ltd

SSPN Finance earned net profit of Rs.8.06 lacs in HY30.9.2019 whereas in previous year corresponding period profit was Rs.3.91 lacs. PBT for the same period stands at Rs.10.91 lacs against Rs.5.49 lacs in a year ago period.

Earnings per share for the current half year was Rs.0.43 as against Rs.0.21 in previous year, same period.

In the recently concluded financial year 2018-19, the EPS stood at Rs.0.20 and PAT earned was Rs.3.70 Lacs after reaching a total revenue of Rs.22.26 lacs.

SSPN Finance Limited was incorporated as a public limited company on 4th January 2012 at Mumbai. The company offers financial services including corporate and financial advisory services. These services encompass Project Advisory Loan Syndication Mergers & Acquisitions and Private Equity.

Result
Rs. in Lacs
Current Year Upto Previous Year Upto
30/9/2019 30/9/2018
Income Statement
Revenue 19.29 22.24
Other Income 0.03 0.00
Total Income 19.32 22.24
Expenditure 6.43 16.26
Finance Cost 1.88 0.00
PBDT 11.01 5.98
Depreciation 0.10 0.49
PBT 10.91 5.49
Tax 2.85 1.58
Net Profit 8.06 3.91
Equity 189.32 189.32
EPS 0.43 0.21

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