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Diligent Industries : Q4 2024 Financial Quarterly Report : YoY Sales Up 75.54 %, QoQ Up 125.35 %

July 1, 2024July 1, 2024| adminadmin| 0 Comments| 4:30 pm
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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.

The comprehensive analytics outlining the performance and outlook of Diligent Industries Limited”s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

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.

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