Diamines & Chemicals Q1 results: loss at ₹1.75Cr, Revenue decreased by 46.89% YoY
Diamines & Chemicals Q1 results: Revenue decreased by 46.89% YoY & loss at ₹1.75Cr
Diamines & Chemicals Q1 Results Live : Diamines & Chemicals Q1 Results Live: Diamines & Chemicals declared their Q1 results on 09 Aug, 2024, reporting a substantial decline in revenue and a significant loss. The company's topline decreased by 46.89% year-over-year, resulting in a loss of ₹1.75 crore. This marks a stark contrast from the same period in the previous fiscal year, where the company had declared a profit of ₹7.01 crore. Compared to the previous quarter, the revenue declined by 42.69%.
The company's Selling, General & Administrative (SG&A) expenses saw a decline as well. These expenses decreased by 17.51% quarter-over-quarter and 7.62% year-over-year. Despite the reduction in SG&A expenses, the overall financial performance was heavily impacted.
Operating income took a significant hit, falling by 184.08% quarter-over-quarter and decreasing by 124.44% year-over-year. This decline in operating income underscores the challenging business environment faced by Diamines & Chemicals during the quarter.
Earnings per share (EPS) for Q1 stood at ₹-1.74, representing a decrease of 124.3% year-over-year. This negative EPS further highlights the financial struggles the company is experiencing.
In terms of stock performance, Diamines & Chemicals has delivered a -4.99% return over the last week, a 20.82% return in the last six months, and a 1.16% year-to-date (YTD) return. These figures reflect mixed investor sentiment and market performance.
As of the latest data, Diamines & Chemicals has a market capitalization of ₹547.32 crore. The company's stock has a 52-week high of ₹693.4 and a 52-week low of ₹446.1, indicating a volatile trading range over the past year.
Diamines & Chemicals Financials
| Period | Q1 | Q4 | Q-o-Q Growth | Q1 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 16.84 | 29.38 | -42.69% | 31.7 | -46.89% |
| Selling/ General/ Admin Expenses Total | 2.52 | 3.05 | -17.51% | 2.72 | -7.62% |
| Depreciation/ Amortization | 0.86 | 0.73 | +17.72% | 0.5 | +73.08% |
| Total Operating Expense | 19.06 | 26.74 | -28.72% | 22.61 | -15.71% |
| Operating Income | -2.22 | 2.64 | -184.08% | 9.09 | -124.44% |
| Net Income Before Taxes | -1.59 | 3.32 | -147.98% | 9.76 | -116.33% |
| Net Income | -1.75 | 2.25 | -177.79% | 7.01 | -124.96% |
| Diluted Normalized EPS | -1.74 | 2.25 | -177.33% | 7.16 | -124.3% |
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