Standard Capital Markets Limited, a prominent Non-Banking Financial Company (NBFC), has announced a significant development with the issuance of ₹500 crore in Non-Convertible Debentures (NCDs). This strategic move aims to bolster the company’s capital base and propel its growth trajectory.
Standard Capital Markets share price was trading in the green, up 1.04 per cent, at ₹0.97, on December 18, at 10:23 am, on BSE. The company enjoys a market capitalisation of ₹167.81 crore, as per BSE. Standard Capital Market’s share price is trading over 70 per cent, down from its 52-week high of ₹3.52. Standard Capital Markets, known for its exceptional 300 per cent return in a single year, is positioning itself as a key player in the financial sector.
Standard Capital Markets financial result
Standard Capital Markets declared their Q1 results on 14 Aug, 2024. The topline increased by 52.63% year-over-year (YoY), however, the profit decreased by 32.14% YoY. When compared to the previous quarter, the revenue declined by 24.82% and the profit decreased by 30.35%.
Of the total funds raised, ₹130 crore has already been allocated towards enhancing operational capabilities and expanding business activities. The deployment focuses on improving efficiency, increasing capacity, and driving sustained growth.
Reflecting on this milestone, the company’s management stated, “The successful issuance of these NCDs is a testament to the strong investor confidence in our business model and growth prospects. The deployment of ₹1.3 billion towards operations is part of our ongoing commitment to enhancing operational excellence and strengthening our market position. We remain focused on delivering long-term value for our shareholders and customers.
The remaining proceeds from the issuance will be directed toward strategic initiatives, including further expansion, addressing working capital needs, and reducing existing liabilities.
The recent funding underscores the company’s commitment to innovation and value creation, strengthening its market presence and ensuring long-term shareholder growth.
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