Business Update7 Aug 2024, 02:01 pm
Mini Diamonds (India) Ltd. Reports 266.51% Increase in Revenue From Operations for Q1 FY 2023-24
AI Summary
Mini Diamonds (India) Ltd., a leading manufacturer of natural polished diamonds, has announced its quarterly financial results for the period ended 30th June 2024. The company reported a significant increase in revenue from operations by 266.51% compared to Q1 FY 2023-24, from INR 243.18 million to INR 891.29 million. EBITDA for the period jumped by 578.33% to INR 19.67 million, and PBT/PAT saw a growth of 1272.55% to INR 18.36 million. The annualized quarterly EPS is estimated at INR 20.60.
Key Highlights
- Revenue From Operations increased by 266.51% to INR 891.29 million
- EBITDA jumped by 578.33% to INR 19.67 million
- PBT/PAT growth of 1272.55% to INR 18.36 million
- Annualized quarterly EPS estimated at INR 20.60
- Strategic shift towards lab-grown diamonds and jewellery