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Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 9.3 % in the past year, decrease in net sales/revenue by -25.62 %.
- 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 6.67 %. Marginal decrease of -15.79% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Golkunda Diamonds & Jewellery Ltd.. Notable increase of 710.3 % in net profit Year to Year, Golkunda Diamonds & Jewellery Ltd.’s profitability dropped by -18.82 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 706.35 % Year to Year. EPS decreased by -18.85 % in previous quarter. Analysis needed for shareholder value.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 54.9 Cr | Rs. 80.674 Cr | Rs. 60.007 Cr | -25.62 % | + 9.3 % |
Expenses | Rs. 53.49 Cr | Rs. 73.93 Cr | Rs. 53.99 Cr | -26.97 % | + 0.93 % |
Operating Profit | Rs. 1.41 Cr | Rs. 6.74 Cr | Rs. 6.02 Cr | -10.68 % | + 326.95 % |
OPM % | 2.57 % | 8.35 % | 10.03 % | + 1.68 % | + 7.46 % |
Other Income | Rs. 0.15 Cr | Rs. 0.19 Cr | Rs. 0.16 Cr | -15.79 % | + 6.67 % |
Interest | Rs. 0.74 Cr | Rs. 0.8 Cr | Rs. 1.16 Cr | + 45 % | + 56.76 % |
Depreciation | Rs. 0.23 Cr | Rs. 0.28 Cr | Rs. 0.28 Cr | + 0 % | + 21.74 % |
Profit before tax | Rs. 0.59 Cr | Rs. 5.85 Cr | Rs. 4.74 Cr | -18.97 % | + 703.39 % |
Tax % | 25.55 % | 25.64 % | 25.15 % | -0.49 % | -0.4 % |
Net Profit | Rs. 0.44 Cr | Rs. 4.36 Cr | Rs. 3.54 Cr | -18.81 % | + 704.55 % |
EPS in Rs | Rs. 0.63 | Rs. 6.26 | Rs. 5.08 | -18.85 % | + 706.35 % |
Today, we’re looking at Golkunda Diamonds & Jewellery Ltd.’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 9.3 %. However, it did see a marginal slip of -25.62 % from the previous quarter. Expenses decreased slightly by -26.97 % quarter-on-quarter, aligning with the annual rise of 0.93 %. Operating profit, while up 326.95 % compared to last year, faced a quarter-on-quarter dip of -10.68 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 7.46 %, but an expansion of 1.68 % sequentially. Other income fell by -15.79 % compared to the last quarter, despite an annual growth of 6.67 %. Interest expenses surged remarkably by 45 % from the previous quarter, yet the year-over-year increase remains at a moderate 56.76 %. Depreciation costs climbed by 0 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 21.74 %. Profit before tax grew annually by 703.39 % but saw a reduction from the preceding quarter by -18.97 %.
Tax expenses as a percentage of profits decreased slightly by -0.4 % compared to last year, with a more notable quarter-on-quarter decrease of -0.49 %. Net profit rose by 704.55 % year-on-year but witnessed a -18.81 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 706.35 % but a quarterly fall of -18.85 %. 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. 54.9 Cr | Rs. 80.674 Cr | Rs. 60.007 Cr | -25.62 % | + 9.3 % |
Expenses | Rs. 53.49 Cr | Rs. 73.93 Cr | Rs. 53.99 Cr | -26.97 % | + 0.93 % |
Operating Profit | Rs. 1.41 Cr | Rs. 6.74 Cr | Rs. 6.02 Cr | -10.68 % | + 326.95 % |
Net Profit | Rs. 0.44 Cr | Rs. 4.36 Cr | Rs. 3.54 Cr | -18.81 % | + 704.55 % |
EPS in Rs | Rs. 0.63 | Rs. 6.26 | Rs. 5.08 | -18.85 % | + 706.35 % |
In reviewing Golkunda Diamonds & Jewellery Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 9.3 % year-on-year growth, although there was a slight dip of -25.62 % from the previous quarter. Expenses rose by 0.93 % compared to the previous year, with a decrease of -26.97 % quarter-on-quarter. Operating Profit surged by 326.95 % annually, and saw a -10.68 % decrease from the last quarter.
Net Profit showed yearly increase of 704.55 %, and experienced a -18.81 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 706.35 % annually, however dipped by -18.85 % compared to the last quarter. In essence, while Golkunda Diamonds & Jewellery Ltd. exhibits strong annual growth indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.