AK Capital Services Total Income increased by 21% to Rs. 158.50 cr in FY2009-10
PAT increased by 39% to Rs. 52.37 cr
Mumbai, May 10, 2010: The Board of directors of AK Capital Services Ltd. (AK Capital), one of India’s leading Merchant Bankers for Fixed Income Securities Market through Private Placement / Public Issues, approved the unaudited results for the quarter and year ended March 31, 2010 at their meeting held in Mumbai on Sunday, May 9, 2010
Key Highlights of the Results:
• Total income for the year increased by 21% to Rs. 158.50 cr
• PAT for the year increased by 39% to Rs. 52.37 cr
• Basic EPS for the year increased by 23% to Rs. 79.70
Key Business Highlights:
• Structured and placed over 100 deals in the Primary Debt Segment.
• Associated with deals of over Rs. 49,000 crore in the FY2009-10 as against approximately Rs. 44,000 crore in the last year (FY2008-09), cornering a market share of approximately 29% (source: prime database).
Commenting on another outstanding year marked with remarkable achievements for AK Capital, Mr. A.K. Mittal, MD & CEO, said: “The Indian Debt Capital Market is no more into apprentice mode and is now magnetizing investor’s interests towards itself in a significant manner. To promote and to provide a synchronized framework to the debt markets; the regulatory bodies in India are introducing commendable reforms to infuse liquidity, transparency and price-discovery into the markets. These measures are further attracting and encouraging the investor communities to divulge into, explore and leverage the strengths of the fixed income markets. The raised limit for Foreign Investors to invest their monies in the debt markets will further augment the depth of the debt markets.”
At AK Capital, we are fully equipped and are dedicated to take further initiatives to add more vigour in the Debt Markets. We have been instrumental in innovating and introducing new debt instruments like India’s first perpetual NCD issue from a NBFC – Magma Fincorp Ltd. as a ‘sole arranger’ in the market and have maintained an unparallel track record of delivering near 100% strike rate in bond placements. Our robust business strategies and firm understanding of the Indian Debt Capital Market, have aided us to further tread the upward path to reach the pinnacle and set new industry benchmarks in the Market. We have instituted AK Capital Finance Pvt. Ltd., as a subsidiary of AK Capital Services Ltd., a NBFC to carry out fund based activities like providing loan against securities.
We intend to extend our services to Portfolio Management Services for both retail and institutional investors. We will soon be foraying into providing Retirement Advisory Solutions, where our plan is to offer both discretionary and non-discretionary investment advisory services to retirement funds in India” concluded Mr. Mittal.
Results
FY2009-10 (April-March 2010) vs. FY2008-09 (April-March 2009)
• The total income increased by 21% to Rs. 158.50 crore in FY2009-10 as compared to Rs. 131.34 crore in FY2008-09.
• EBITDA has shot up by 27% to Rs. 93.68 crore in FY2009-10 as compared to Rs. 73.68 crore in FY2008-09.
• EBITDA margin has increased to 59% in FY2009-10 as compared to 56% in FY2008-09.
• PBT up by 38% to Rs. 80.43 crore in FY2009-10 as compared to Rs. 58.33 crore in FY2008-09.
• PAT increased by 39% at Rs. 52.37 crore in FY2009-10 as compared to Rs. 37.59 crore in FY2008-09.
• Diluted EPS for the year increased to Rs. 79.70 from Rs. 39.16 for the previous year.
• Basic EPS for the year increased to Rs. 79.70 from Rs. 64.82 for the previous year.
Note to editor:
About A. K. Capital:
A.K. Capital Services Ltd. is India’s one of the leading Merchant Bankers in the Indian Corporate Fixed Income Securities Market through Private Placement / Public Issues and for Management Consultancy, Advisory Services, Financial Restructuring, etc. AK Capital has been consistently ranked as one of the largest arranger of bonds for PSU and Private Sector Banks. It has been ranked No.1 in the non-banking category, in private placement of fixed income instrument (Source: Prime Database, INDIA).
For further information, contact:
Rahul Jain
Associate VP,
Email:rahul.jain@
Mob: +91 98675 67534
AK Capital Services Ltd.
Safe Harbour Statement:
Certain statements made in this release with reference to future operations and performance of AK Capital Services ltd. and its subsidiaries are forward-looking statements, involving risks and uncertainties. Certain factors could cause actual results to differ materially from those in such forward-looking statements. The company does not undertake responsibility to update any forward-looking statement that may be made from time to time by or on behalf of the company.
