Deep Diamond India Q1 Results Live : profit rise by 71.38% YOY
Deep Diamond India Q1 Results Live : Revenue increased by 69.7% YoY & profit increased by 71.38% YoY
Deep Diamond India Q1 Results Live : Deep Diamond India Q1 Results Live: Deep Diamond India declared their Q1 results on 14 Aug, 2024. The topline increased by 69.7% and the profit increased by 71.38% year-over-year (YoY). However, compared to the previous quarter, the revenue declined by 80.08% and the profit decreased by 31.34%.
The company reported a significant reduction in Selling, General & Administrative (SG&A) expenses, which declined by 80.89% quarter-over-quarter (q-o-q) and decreased by 30.85% year-over-year (YoY). This reduction in expenses has positively impacted the company's profitability.
Operating income showed remarkable growth, up by 185.62% q-o-q and increased by 192.24% YoY. This significant rise indicates a strong operational performance during the quarter.
The Earnings Per Share (EPS) for Q1 stood at ₹0.06, marking a 100% increase YoY. This improvement in EPS reflects the company's enhanced profitability and efficient cost management.
Deep Diamond India Financials
| Period | Q1 | Q4 | Q-o-Q Growth | Q1 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 0.51 | 2.56 | -80.08% | 0.3 | +69.7% |
| Selling/ General/ Admin Expenses Total | 0.05 | 0.26 | -80.89% | 0.07 | -30.85% |
| Depreciation/ Amortization | 0 | 0.01 | -76.17% | 0 | +7.41% |
| Total Operating Expense | 0.29 | 2.82 | -89.81% | 0.22 | +28.12% |
| Operating Income | 0.22 | -0.26 | +185.62% | 0.08 | +192.24% |
| Net Income Before Taxes | 0.38 | 0.57 | -33.65% | 0.23 | +68.99% |
| Net Income | 0.29 | 0.42 | -31.34% | 0.17 | +71.38% |
| Diluted Normalized EPS | 0.06 | 0.09 | -30.84% | 0.03 | +100% |
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