Maan Aluminium Ltd, Poddar Pigments Ltd, Lokesh Machines Ltd and Palash Securities Ltd are among the other losers in the BSE's 'B' group today, 04 November 2024.Prudent Corporate Advisory Services Ltd lost 14.91% to Rs 3044.15 at 14:32 IST.The stock was the biggest loser in the BSE's 'B' group.On the BSE, 39118 shares were traded on the counter so far as against the average daily volumes of 4574 shares in the past one month.Maan Aluminium Ltd tumbled 9.99% to Rs 213.15. The stock was the second biggest loser in 'B' group.On the BSE, 76158 shares were traded on the counter so far as against the average daily volumes of 65271 shares in the past one month.Poddar Pigments Ltd crashed 8.13% to Rs 382.7. The stock was the third biggest loser in 'B' group.On the BSE, 1657 shares were traded on the counter so far as against the average daily volumes of 960 shares in the past one month.Lokesh Machines Ltd corrected 7.30% to Rs 328.35. The stock was the fourth biggest loser in 'B' group.On the BSE, 16361 shares were traded on the counter so far as against the average daily volumes of 6991 shares in the past one month.Palash Securities Ltd plummeted 7.22% to Rs 174.8. The stock was the fifth biggest loser in 'B' group.On the BSE, 9605 shares were traded on the counter so far as against the average daily volumes of 11003 shares in the past one month.Powered by Capital Market - Live

The revenue growth was driven by 53% increase in quarterly average AUM in the mutual fund segment, coupled with a 36% growth in revenues from non-mutual fund products. Profit before tax for the second quarter of FY25 stood at Rs 69.31 crore, up 70.76% from Rs 40.59 crore reported in same quarter last year. Operating profit grew by 59% YoY to Rs 68.7 crore during the quarter. Operating margin improved to 24% in Q2 FY25 as compared to 22.7% recorded in the corresponding quarter previous fiscal. Closing AUM was Rs 1,07,463, up 55% YoY fueled by mark-to-market (M2M) gains as markets saw a strong broad-based rally. The M2M impact added Rs 28,619 crore to AUM over the past twelve months. Systematic Investment Plan (SIP) book grew by 47% YoY in September to Rs 874 crore. Prudent's market share of SIP flows in the industry stood at 3.6% in September 2024. Sanjay Shah, managing director of Prudent Group, stated, 'Adoption to mutual funds is growing at an exponential pace. The unique mutual fund investor count for the industry surpassed the mark of 5 crores in the month of September. Since the last three months, monthly addition of unique investors is at a run-rate above 10 lakhs. This accelerated adoption to mutual funds is a great tailwind for Prudent & is getting reflected in our numbers. In the first half of FY25, our net equity sales reached Rs 5,700 crore, amounting to nearly 93% of the total net sales achieved in all of FY24. In this phase of Amrit kaal wherein per capita income is set to grow 10x in next twenty-five years, Prudent will have a huge growth leeway.' Prudent Corporate Advisory Services is a retail wealth management services group based in India. The company is among the top mutual fund distributors regarding assets under management (AUM) and commission received. The company offers a technology enabled, comprehensive investment and financial services platform with end-to-end solutions critical for financial products distribution and presence across both online and offline channels. The scrip hit a record high of Rs 3,049 in today's intraday session.Powered by Capital Market - Live

Net profit of Prudent Corporate Advisory Services rose 69.36% to Rs 51.52 crore in the quarter ended September 2024 as against Rs 30.42 crore during the previous quarter ended September 2023. Sales rose 50.54% to Rs 286.08 crore in the quarter ended September 2024 as against Rs 190.04 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales286.08190.04 51 OPM %24.0322.71 - PBDT76.0246.72 63 PBT69.3140.59 71 NP51.5230.42 69 Powered by Capital Market - Live

Prudent Corporate Advisory Services will hold a meeting of the Board of Directors of the Company on 30 October 2024.Powered by Capital Market - Live

Prudent Corporate Advisory Service announced that Deepak Sood (DIN: 01642332) has tendered his resignation as Non - Executive Independent Director of the Company with immediate effect on 19 August 2024.Powered by Capital Market - Live

Prudent Corporate Advisory Services announced that the 21th Annual General Meeting (AGM) of the company will be held on 26 September 2024.Powered by Capital Market - Live

Net profit of Prudent Corporate Advisory Services rose 57.52% to Rs 44.20 crore in the quarter ended June 2024 as against Rs 28.06 crore during the previous quarter ended June 2023. Sales rose 50.77% to Rs 249.42 crore in the quarter ended June 2024 as against Rs 165.43 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales249.42165.43 51 OPM %23.6523.68 - PBDT65.4943.57 50 PBT59.1937.61 57 NP44.2028.06 58 Powered by Capital Market - Live

Prudent Corporate Advisory Services will hold a meeting of the Board of Directors of the Company on 8 August 2024.Powered by Capital Market - Live