Goldiam International (526729) Q1 24/25 earnings summary

Executive summary

• Q1 FY25 consolidated total income was Rs16,974.98 lakh and PAT was Rs2,204.28 lakh; revenue from operations was Rs16,580.29 lakh.

• Revenue rose 40% YoY to ₹1,697 mn, EBITDA increased 44% to ₹342 mn and PAT rose 27% to ₹220 mn.

• Lab-grown diamond jewellery reached 68.4% of B2B export revenue mix, versus 32.7% in Q1 FY24.

Financial highlights

• Consolidated revenue from operations was Rs16,580.29 lakh; other income of Rs394.69 lakh brought total income to Rs16,974.98 lakh, versus Rs12,118.40 lakh in Q1 FY24.

• EBITDA was ₹342 mn, up 44% YoY; EBITDA margin was 20.1%, up 49 bps YoY.

• PAT was Rs2,204.28 lakh versus Rs1,730.05 lakh in Q1 FY24; PAT margin was 13.0% versus 14.3%.

• Gross profit rose 46% YoY to ₹581 mn; gross margin expanded 141 bps to 34.2%.

• Consolidated profit before tax was Rs3,272.05 lakh versus Rs2,250.24 lakh in Q1 FY24.

Standalone results

• Standalone revenue from operations was Rs10,352.17 lakh and PAT was Rs1,201.92 lakh, versus Rs5,831.91 lakh and Rs899.23 lakh, respectively, in Q1 FY24.