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Career Point Ltd. Announces Q1 FY24-25 Results, Declares Interim Dividend

Career Point Ltd. has released its unaudited standalone and consolidated financial results for the quarter ended June 30, 2024. The company also declared an interim dividend of Rs. 1 per equity share.

Key Financial Highlights (Q1 FY24-25):

• Standalone:
  • Total Revenue: Rs. 19.8 Crores (+11.5% YoY)
  • EBITDA Margin: 67% (+587 bps YoY)
  • Profit After Tax: Rs. 10.8 Crores (+53.6% YoY)
  • EPS: Rs. 5.94
• Consolidated:
  • Total Revenue: Rs. 33.0 Crores (+7.7% YoY)
  • EBITDA Margin: 77% (+330 bps YoY)
  • Profit After Tax: Rs. 19.8 Crores (+22.2% YoY)
  • EPS: Rs. 10.91

Interim Dividend:

• The Board of Directors has declared a first interim dividend of 10% on the face value of Rs. 10 per share for the current fiscal year FY2024-25.
• Record date for the interim dividend is Friday, August 30, 2024.
• The dividend will be paid on or before September 11, 2024

Business Restructuring Update:

• The company is awaiting regulatory approvals for its business restructuring plan which involves demerging the education business and merging its subsidiary Srajan Capital Ltd.
• The scheme is subject to approvals from NCLT and RBI.

Other Key Points

• The strong financial performance was attributed to prudent operational strategy and disciplined capital allocation
• The company is optimistic about its growth prospects in the upcoming quarters.

Conclusion: