Share the post "Golkunda Diamonds & Jewellery : Q4 2024 Financial Quarterly Report : YoY Sales Up 43.75 %, QoQ Up 59.92 %"
Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 43.75 % in the past year, substantial increase in net sales/revenue by 59.92 %.
- Income over the Year and quarter: There has been either a marginal increase or a decline in other income over the past year which is 11.76 %. Marginal increase in other income during this quarter, up by 26.67%.
- Profit over the Year and quarter: Significant improvement in profitability for Golkunda Diamonds & Jewellery Ltd.. Notable increase of 86.81 % in net profit Year to Year, Golkunda Diamonds & Jewellery Ltd.’s profitability increased by 36.61 % in this quarter.
- EPS over the Year and quarter: EPS increased by 86.87 % Year to Year. EPS increased by 36.68 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 56.12 Cr | Rs. 50.445 Cr | Rs. 80.674 Cr | + 59.92 % | + 43.75 % |
| Expenses | Rs. 52.41 Cr | Rs. 45.36 Cr | Rs. 73.93 Cr | + 62.99 % | + 41.06 % |
| Operating Profit | Rs. 3.71 Cr | Rs. 5.09 Cr | Rs. 6.74 Cr | + 32.42 % | + 81.67 % |
| OPM % | 6.61 % | 10.09 % | 8.35 % | -1.74 % | + 1.74 % |
| Other Income | Rs. 0.17 Cr | Rs. 0.15 Cr | Rs. 0.19 Cr | + 26.67 % | + 11.76 % |
| Interest | Rs. 0.65 Cr | Rs. 0.73 Cr | Rs. 0.8 Cr | + 9.59 % | + 23.08 % |
| Depreciation | Rs. 0.18 Cr | Rs. 0.25 Cr | Rs. 0.28 Cr | + 12 % | + 55.56 % |
| Profit before tax | Rs. 3.05 Cr | Rs. 4.26 Cr | Rs. 5.85 Cr | + 37.32 % | + 91.8 % |
| Tax % | 23.24 % | 25.1 % | 25.64 % | + 0.54 % | + 2.4 % |
| Net Profit | Rs. 2.34 Cr | Rs. 3.19 Cr | Rs. 4.36 Cr | + 36.68 % | + 86.32 % |
| EPS in Rs | Rs. 3.35 | Rs. 4.58 | Rs. 6.26 | + 36.68 % | + 86.87 % |
Today, we’re looking at Golkunda Diamonds & Jewellery Ltd.’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 43.75 %. However, it did see a marginal increase of 59.92 % from the previous quarter. Expenses ticked up slightly by 62.99 % quarter-on-quarter, aligning with the annual rise of 41.06 %. Operating profit, while up 81.67 % compared to last year, faced a quarter-on-quarter increase of 32.42 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 1.74 %, but a shrinkage of -1.74 % sequentially. Other income rose by 26.67 % compared to the last quarter, despite an annual growth of 11.76 %. Interest expenses surged remarkably by 9.59 % from the previous quarter, yet the year-over-year increase remains at a moderate 23.08 %. Depreciation costs climbed by 12 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 55.56 %. Profit before tax grew annually by 91.8 % but saw an increase from the preceding quarter by 37.32 %.
Tax expenses as a percentage of profits increased slightly by 2.4 % compared to last year, with a more notable quarter-on-quarter increase of 0.54 %. Net profit rose by 86.32 % year-on-year but experienced a 36.68 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 86.87 % but a quarterly rise of 36.68 %. In summary, Golkunda Diamonds & Jewellery Ltd.’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 56.12 Cr | Rs. 50.445 Cr | Rs. 80.674 Cr | + 59.92 % | + 43.75 % |
| Expenses | Rs. 52.41 Cr | Rs. 45.36 Cr | Rs. 73.93 Cr | + 62.99 % | + 41.06 % |
| Operating Profit | Rs. 3.71 Cr | Rs. 5.09 Cr | Rs. 6.74 Cr | + 32.42 % | + 81.67 % |
| Net Profit | Rs. 2.34 Cr | Rs. 3.19 Cr | Rs. 4.36 Cr | + 36.68 % | + 86.32 % |
| EPS in Rs | Rs. 3.35 | Rs. 4.58 | Rs. 6.26 | + 36.68 % | + 86.87 % |
In reviewing Golkunda Diamonds & Jewellery Ltd.’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 43.75 % year-on-year growth, however, there was a minor increase of 59.92 % from the previous quarter. Expenses rose by 41.06 % compared to the previous year, with a 62.99 % increase quarter-on-quarter. Operating Profit surged by 81.67 % annually, and saw a 32.42 % increase from the last quarter.
Net Profit showed yearly increase of 86.32 %, and experienced a 36.68 % increase from the previous quarter. Earnings Per Share (EPS) rose by 86.87 % annually, however rose by 36.68 % compared to the last quarter. In essence, while Golkunda Diamonds & Jewellery Ltd. exhibits strong annual growth indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.
