Prime Securities Ltd. — Earnings Release 2024

Apr 25, 2024

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PRESS RELEASE

AUDITED ANNUAL FINANCIAL RESULTS (CONSOLIDATED) YEAR ENDED MARCH 31, 2024

• A) Total Revenues for the Year at ₹ 66.64 Cr vs ₹ 46.84 Cr for March 31, 2023, an increase of about 42%

• B) Profit before Tax for the Year at ₹ 23.39 Cr vs ₹ 15.17 Cr, an increase of about 54%

• C) Profit after Tax for the Year at ₹ 18.56 Cr vs ₹ 11.18 Cr, an increase of about 66%

• D) Total Comprehensive Income for the Year at ₹ 29.21 Cr vs ₹ 18.50 Cr, an increase of about 58%

• E) The company has been successfully building up a combination of annuity income flows and transactional (success based) revenue streams.

• F) The company is actively seeking out acquisition targets in the areas of Funds Management, technology-driven retail distribution businesses and portfolio management.

• G) The company has steadily built up its investments in early-stage enterprises; the portfolio is valued at approximately ₹ 79.15 Cr, as of March 31, 2024. This represents exciting potential that can be monetized over the next few years. In addition, the company has liquid assets (cash, fixed deposits, bonds, receivables, etc.) of about ₹ 91.02 Cr , making the aggregate value of cash / cash equivalents and unlisted investments at ₹ 170.17 Cr.

• H) The company is mindful of the role technology will play in disrupting businesses; consequently, a greater focus on new age technologies will need to become second nature for Prime and its employees.

• I) The Board of Directors has proposed a Dividend of ₹ 1/- per share (against ₹ 0.50 per share paid for the previous financial year).

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While investors should note that the advisory business does not lend itself to quarterly or annual comparisons, it is equally important to highlight that both the number and size of deals, have been steadily rising. The management remains optimistic on the prospects of the Company over the next few years.

For Prime Securities Limited

Digitally signed by JAYAKUMAR NARAYANSWAMI JAYAKUMAR DN: c=IN, o=Personal, pseudonym=AFD0EFA88D3BB4255BFBE5270351020C , 2.5.4.20=6a1e882d8ce1292650f024ad4db2e035a1446 NARAYANSWA bda6402f82bfce15cbf4f30dfd3, postalCode=400006, st=Maharashtra, serialNumber=815CEE63EA2095D43F5CBA54FE755B9 DF6AA48086D67A8D94798BECBFFCFAB87, MI cn=JAYAKUMAR NARAYANSWAMI Date: 2024.04.25 16:59:54 +05'30'

N. Jayakumar

Managing Director and Group CEO

Mumbai, April 25, 2024

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