The shares of this leading jewelry and diamond manufacturer gained up to 4 percent after the company announced its second-quarter result.
Goldiam International Ltd is a small-cap company with a market capitalization of Rs 1421.98 crores. On Friday, The company shares were trading at Rs 138 a share, an increase of 3.64 percent from the previous close price of Rs 133.15 a share.
Looking into the company’s Financials, Goldiam International Ltd revenue increased by 15 percent on a quarter-on-quarter basis from Rs. 121.8 crores in Q1FY24 to Rs.139.9 crores in Q2 FY24. Further, revenue increased by 50 percent on a year-on-year basis from Rs. 92.70 crores Q2 FY23 to Rs.139.9 crores Q2 FY24.
Goldiam International Ltd’s net profit increased by 35 percent on a quarter-on-quarter basis from Rs. 17.30 crores in Q1 FY24 to Rs. 23.45 crores in Q2 FY24. Further, net profit increased by 25 percent on a year-on-year basis from Rs. 418.77 crores Q2 FY23 to Rs.23.45 crores Q2 FY24.
Goldiam International Ltd reported return ratios in the recent financial year with a return on equity (ROE) of 15.41 percent and a return on capital employed (ROCE) of 21.25 percent.
Ace investor Ramesh Damani holds 16,82,898 shares, i.e. equivalent to 1.58 percent of the company as of the September quarter of 2023.
Goldiam International Ltd recent shareholding pattern, The Promoters of the Company own 66.6 percent while Retail shareholders own a 33.39 percent stake in the company and Foreign Institutional Investors own a 0.01 percent stake.
Goldiam International Ltd is engaged in the business of manufacturing and exporting gold and diamond jewelry to global retailers.
Written By :- Abhishek Singh
