The Exchange had sought clarification from Prime Securities Limited for the quarter ended 31-Mar-2025 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company was required to clarify the following: -1. Financial results submitted in XBRL with discrepancies The response of the Company is enclosed.
PRIMESECU · price
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Awaiting price reaction for this filing.
NSE sought clarification from Prime Securities on its Q4 FY25 financial results after noticing a discrepancy: the XBRL filing contained audited year-to-date figures while the standalone PDF was labelled as 'unaudited'. The company clarified this was an inadvertent labelling error and submitted a revised PDF. The statutory auditor (Sharp & Tannan Associates) issued an unmodified opinion on both standalone and consolidated results, but flagged an emphasis of matter relating to a Rs. 1,243 lakh fair-value markdown on an online gaming investment taken entirely in Q4 FY24, with prior quarters not restated, making Q4 FY24 comparables not strictly comparable. On the numbers, consolidated total income rose to Rs. 18,927 lakhs (from Rs. 14,093 lakhs) and consolidated profit after tax jumped to Rs. 3,830 lakhs (from Rs. 1,238 lakhs), with EPS of Rs. 11.49 versus Rs. 5.66. Standalone PAT was Rs. 3,225 lakhs versus Rs. 862 lakhs, partly boosted by a Rs. 368 lakh exceptional gain on sale of a residential flat. The board's buyback proposal was rejected by shareholders at the April 21, 2025 EGM.
The XBRL/PDF discrepancy is administrative and unlikely to materially affect the stock; the underlying results show strong, broad-based profit growth. The emphasis of matter is a disclosure item, not a qualification, though investors should note the prior-year comparability caveat. The failed buyback means no capital return to shareholders from that route.