Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 75.54 % in the past year, substantial increase in net sales/revenue by 125.35 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -25.33 %, Marginal increase in other income during this quarter, up by 5500%.
- Profit over the Year and quarter: Significant improvement in profitability for Diligent Industries Limited. Notable increase of 48.15 % in net profit Year to Year, Diligent Industries Limited’s profitability increased by 172.2 % in this quarter.
- EPS over the Year and quarter: EPS declined by -70.83 % Year to Year. EPS increased by 133.33 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 29.169 Cr | Rs. 22.722 Cr | Rs. 51.203 Cr | + 125.35 % | + 75.54 % |
| Expenses | Rs. 27.83 Cr | Rs. 21.46 Cr | Rs. 49.62 Cr | + 131.22 % | + 78.3 % |
| Operating Profit | Rs. 1.34 Cr | Rs. 1.26 Cr | Rs. 1.58 Cr | + 25.4 % | + 17.91 % |
| OPM % | 4.59 % | 5.55 % | 3.09 % | -2.46 % | -1.5 % |
| Other Income | Rs. 0.75 Cr | Rs. 0.01 Cr | Rs. 0.56 Cr | + 5500 % | -25.33 % |
| Interest | Rs. 0.86 Cr | Rs. 0.61 Cr | Rs. 0.51 Cr | -16.39 % | -40.7 % |
| Depreciation | Rs. 0.32 Cr | Rs. 0.27 Cr | Rs. 0.43 Cr | + 59.26 % | + 34.38 % |
| Profit before tax | Rs. 0.91 Cr | Rs. 0.39 Cr | Rs. 1.2 Cr | + 207.69 % | + 31.87 % |
| Tax % | 40.94 % | 24.16 % | 33.47 % | + 9.31 % | -7.47 % |
| Net Profit | Rs. 0.54 Cr | Rs. 0.3 Cr | Rs. 0.8 Cr | + 166.67 % | + 48.15 % |
| EPS in Rs | Rs. 0.24 | Rs. 0.03 | Rs. 0.07 | + 133.33 % | -70.83 % |
Today, we’re looking at Diligent Industries Limited’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 75.54 %. However, it did see a marginal increase of 125.35 % from the previous quarter. Expenses ticked up slightly by 131.22 % quarter-on-quarter, aligning with the annual rise of 78.3 %. Operating profit, while up 17.91 % compared to last year, faced a quarter-on-quarter increase of 25.4 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -1.5 %, but a shrinkage of -2.46 % sequentially. Other income rose by 5500 % compared to the last quarter, despite an annual decline of -25.33 %. Interest expenses dropped significantly by -16.39 % from the previous quarter, yet the year-over-year decrease remains at a moderate -40.7 %. Depreciation costs climbed by 59.26 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 34.38 %. Profit before tax grew annually by 31.87 % but saw an increase from the preceding quarter by 207.69 %.
Tax expenses as a percentage of profits decreased slightly by -7.47 % compared to last year, with a more notable quarter-on-quarter increase of 9.31 %. Net profit rose by 48.15 % year-on-year but experienced a 166.67 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -70.83 % but a quarterly rise of 133.33 %. In summary, Diligent Industries Limited’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. 29.169 Cr | Rs. 22.722 Cr | Rs. 51.203 Cr | + 125.35 % | + 75.54 % |
| Expenses | Rs. 27.83 Cr | Rs. 21.46 Cr | Rs. 49.62 Cr | + 131.22 % | + 78.3 % |
| Operating Profit | Rs. 1.34 Cr | Rs. 1.26 Cr | Rs. 1.58 Cr | + 25.4 % | + 17.91 % |
| Net Profit | Rs. 0.54 Cr | Rs. 0.3 Cr | Rs. 0.8 Cr | + 166.67 % | + 48.15 % |
| EPS in Rs | Rs. 0.24 | Rs. 0.03 | Rs. 0.07 | + 133.33 % | -70.83 % |
In reviewing Diligent Industries Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 75.54 % year-on-year growth, however, there was a minor increase of 125.35 % from the previous quarter. Expenses rose by 78.3 % compared to the previous year, with a 131.22 % increase quarter-on-quarter. Operating Profit surged by 17.91 % annually, and saw a 25.4 % increase from the last quarter.
Net Profit showed yearly increase of 48.15 %, and experienced a 166.67 % increase from the previous quarter. Earnings Per Share (EPS) fell by -70.83 % annually, however rose by 133.33 % compared to the last quarter. In essence, while Diligent Industries Limited 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.
