Goldiam International (526729) Q3 23/24 earnings summary

Executive summary

• Q3 consolidated revenue from operations was Rs 13,342.00 lakh and profit before tax was Rs 4,206.69 lakh; standalone profit for the period was Rs 2,794.67 lakh.

• Unaudited Q3 and nine-month results were approved by the Board on Feb. 8, 2024; the limited review found no material misstatement or regulatory disclosure issue.

Financial highlights

• Q3 standalone revenue from operations was Rs 10,400.23 lakh versus Rs 7,332.93 lakh in Q3 FY23; total income was Rs 11,808.70 lakh versus Rs 7,882.46 lakh.

• Q3 standalone PBT was Rs 3,419.97 lakh versus Rs 1,802.73 lakh; profit for the period was Rs 2,794.67 lakh versus Rs 1,389.49 lakh.

• Q3 consolidated revenue from operations was Rs 13,342.00 lakh versus Rs 20,182.04 lakh; consolidated PBT was Rs 4,206.69 lakh versus Rs 3,868.55 lakh.

• Nine-month standalone revenue from operations was Rs 26,941.18 lakh versus Rs 23,800.39 lakh; profit for the period was Rs 5,053.00 lakh versus Rs 4,635.10 lakh.

• Nine-month consolidated revenue from operations was Rs 45,501.12 lakh versus Rs 39,823.62 lakh; profit for the period was Rs 7,314.39 lakh versus Rs 6,897.12 lakh.

Segment performance

• Q3 standalone Jewellery segment revenue was Rs 10,545.71 lakh and segment profit before interest and tax was Rs 2,173.11 lakh; Investments revenue was Rs 1,262.99 lakh and segment profit was Rs 1,260.61 lakh.

• Q3 consolidated Jewellery revenue was Rs 13,811.81 lakh and segment profit before interest and tax was Rs 4,239.36 lakh; Investments revenue was Rs 116.24 lakh and segment profit was Rs 27.00 lakh.

• The two operating segments are Jewellery Manufacturing and Investments, assessed based on activity, risks and returns.