Goldiam International (526729) Q3 24/25 earnings summary

Executive summary

• Q3 consolidated revenue from operations was Rs 27,962.60 lakh and net profit was Rs 4,975.97 lakh, versus Rs 20,182.04 lakh and Rs 3,239.23 lakh a year earlier.

• 9M consolidated revenue was Rs 58,240.77 lakh and net profit was Rs 9,392.73 lakh.

• Lab-grown diamond jewellery made up 80% of Q3 export revenue, compared with 58% a year earlier.

• Limited review reports found no matter indicating material misstatement or non-compliance with required disclosures.

Financial highlights

• Q3 total income was 2,880 Mn versus 2,050 Mn; gross profit increased 53% to 963 Mn and gross margin expanded 271 bps to 33.5%.

• Q3 EBITDA rose 61.9% to 708 Mn; EBITDA margin increased 325 bps to 24.6%.

• Q3 consolidated PBT was Rs 6,918.64 lakh versus Rs 4,206.69 lakh a year earlier.

• Q3 PAT margin was 17.28% versus 15.80%; 9M gross margin was 36.2% and EBITDA margin was 23.3%.

• Standalone Q3 revenue was Rs 20,415.10 lakh versus Rs 10,400.23 lakh; net profit was Rs 1,829.65 lakh versus Rs 2,794.67 lakh.

Outlook and guidance

• Order book stood at 1,750 Mn as of Dec. 31, 2024, and was expected to be executed over the next three to four months; spot e-commerce sales were excluded.

• Three additional Mumbai Origem stores were planned for Andheri West, Mulund West and Fairmont Hotel near Mumbai Airport; Delhi-NCR entry was planned after these openings.