Corporate Feature     

Published: May 31, 2024
Updated: May 31, 2024

Standard Capital Markets Ltd

Stellar earnings show for FY24: Net profit jumps 380% YoY

Standard Capital Markets Ltd., a leading player in the financial services sector, has announced its earnings for the quarter and year ended 31 March 2024.

For the year ended 31 March 2024, the company saw a 142.72% growth in its revenue from operations, growing from Rs. 1128.77 Lakhs (FY23) to Rs. 2739.76 Lakhs (FY24). EBITDA grew 146.50% YoY, from Rs. 938.17 Lakhs (FY23), to Rs. 2312.63 Lakhs (FY24). PAT spurted by a staggering 380.69% YoY, from Rs. 222.81 Lakhs (FY23), to Rs. 1071.02 Lakhs (FY24).

Earlier, the company announced that its has partnered with a leading fintech company to provide educational loans to individuals seeking higher education. This collaboration aims to make education more accessible and affordable for students, empowering them to pursue their academic goals.

Through this strategic partnership, Standard Capital Markets Limited will leverage the fintech company’s innovative platform and expertise in student financing to offer competitive loan options tailored to the needs of students. The loans will cover tuition fees, living expenses, and other educational costs, ensuring that financial constraints do not hinder students from receiving a quality education.

Standard Capital Markets Limited is a leading player in the financial services sector. Embracing the uniqueness of each client, the company consistently strives to deliver personalized, professional services. It upholds an unwavering commitment to every client while adhering rigorously to the best professional norms and practices, exuding dynamism in every interaction. The company offers a diverse range of Personal Loans, ensuring not only competitiveness but also flexible repayment terms. With their support, clients can confidently pursue their goals without confusion or worry. For businesses seeking financial support, the company extends Business Loans with flexible overdraft options.

The company empowers clients to stay ahead of the competition by providing prompt financial assistance, fostering business growth with ease. The Flexi Overdraft feature simplifies cash flow management, allowing easy access to funds as needed, and eliminating the complexities of traditional loan applications.

In line with its commitment to empowerment, the company is working towards extending Agriculture Loans (upcoming product), recognizing farmers as the cornerstone of the Agriculture Loan offering. Timely financial assistance for various farming activities, including crop cultivation, equipment purchases, and farm modernization, among others, underscores the company’s dedication. The advanced loaning platform will ensure transparency and minimal formalities, facilitating instant access to funds for all contributors to India’s agrarian sector. The securities of the company are listed on BSE (BSE: 511700).