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Mini Diamonds (India) announces Q2 results: Profit Rises by 459.65% YoY

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Highlights

  • The presented financial data is Standalone to provide a comprehensive overview of the company performance.
  • Sales over the Year and quarter: The company experienced a substantial growth of 61.8 % in the past year, substantial increase in net sales/revenue by 16.68 %.
  • Profit over the Year and quarter: Challenges in sustaining profitability for Mini Diamonds (India) Ltd.. Profit dropped by -462.08 % Year to Year, Mini Diamonds (India) Ltd.’s profitability increased by 11.82 % in this quarter.
  • EPS over the Year and quarter: EPS declined by -153.05 % Year to Year. EPS decreased by -83.11 % in previous quarter. Analysis needed for shareholder value.

The comprehensive analytics outlining the performance and outlook of Mini Diamonds (India) Ltd.‘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. 64.272 Cr Rs. 89.13 Cr Rs. 103.995 Cr + 16.68 % + 61.8 %
Expenses Rs. 64.74 Cr Rs. 87.16 Cr Rs. 101.81 Cr + 16.81 % + 57.26 %
Operating Profit Rs. -0.47 Cr Rs. 1.97 Cr Rs. 2.19 Cr + 11.17 % + 565.96 %
OPM % -0.73 % 2.21 % 2.11 % -0.1 % + 2.84 %
Other Income Rs. 0 Cr Rs. 0 Cr Rs. 0 Cr 0 % 0 %
Interest Rs. 0 Cr Rs. 0.02 Cr Rs. 0 Cr 0 % 0 %
Depreciation Rs. 0.1 Cr Rs. 0.11 Cr Rs. 0.13 Cr + 18.18 % + 30 %
Profit before tax Rs. -0.57 Cr Rs. 1.84 Cr Rs. 2.06 Cr + 11.96 % + 461.4 %
Tax % -0 % 0 % 0 % 0 % 0 %
Net Profit Rs. -0.57 Cr Rs. 1.84 Cr Rs. 2.05 Cr + 11.41 % + 459.65 %
EPS in Rs Rs. -1.64 Rs. 5.15 Rs. 0.87 -83.11 % + 153.05 %


Today, we’re looking at Mini Diamonds (India) Ltd.’s financial performance for the Q2(Sep 2024-25).Starting with the top line, the company reported a robust year-over-year sales growth of 61.8 %. However, it did see a marginal increase of 16.68 % from the previous quarter. Expenses ticked up slightly by 16.81 % quarter-on-quarter, aligning with the annual rise of 57.26 %. Operating profit, while up 565.96 % compared to last year, faced a quarter-on-quarter increase of 11.17 %, 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 2.84 %, but a shrinkage of -0.1 % sequentially. Depreciation costs climbed by 18.18 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 30 %. Profit before tax grew annually by 461.4 % but saw an increase from the preceding quarter by 11.96 %.
Net profit rose by 459.65 % year-on-year but experienced a 11.41 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 153.05 % but a quarterly fall of -83.11 %. In summary, Mini Diamonds (India) 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. 64.272 Cr Rs. 89.13 Cr Rs. 103.995 Cr + 16.68 % + 61.8 %
Expenses Rs. 64.74 Cr Rs. 87.16 Cr Rs. 101.81 Cr + 16.81 % + 57.26 %
Operating Profit Rs. -0.47 Cr Rs. 1.97 Cr Rs. 2.19 Cr + 11.17 % + 565.96 %
Net Profit Rs. -0.57 Cr Rs. 1.84 Cr Rs. 2.05 Cr + 11.41 % + 459.65 %
EPS in Rs Rs. -1.64 Rs. 5.15 Rs. 0.87 -83.11 % + 153.05 %


In reviewing Mini Diamonds (India) Ltd.’s 2024-25(Q2) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 61.8 % year-on-year growth, however, there was a minor increase of 16.68 % from the previous quarter. Expenses rose by 57.26 % compared to the previous year, with a 16.81 % increase quarter-on-quarter. Operating Profit surged by 565.96 % annually, and saw a 11.17 % increase from the last quarter.
Net Profit showed yearly increase of 459.65 %, and experienced a 11.41 % increase from the previous quarter. Earnings Per Share (EPS) rose by 153.05 % annually, however dipped by -83.11 % compared to the last quarter. In essence, while Mini Diamonds (India) 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.

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