Danlaw Technologies India Q1 Results Revenue Down 1.97% QoQ & Up 1.96% YoY

Danlaw Technologies India Q1 Results: In the quarter ending June 2024, the company’s total revenue was ₹47.30 crores, which is a slight decrease of 1.97% compared to the previous quarter (QoQ), but a small increase of 1.96% year-over-year (YoY). Selling, general, and administrative expenses rose by 6.25% QoQ and saw a significant 33.58% increase YoY. Depreciation and amortization dropped sharply by 75.13% QoQ and 22.76% YoY. Other operating expenses surged dramatically by 2338.89% QoQ and increased by 49.06% YoY.

Danlaw Technologies India’s Total operating expenses decreased by 2.90% QoQ and increased by 3.32% YoY. Operating income improved by 6.64% QoQ but decreased by 8.24% YoY. Net income before taxes rose by 20.11% QoQ but fell by 5.09% YoY. Net income saw a significant 36.08% increase QoQ but decreased by 5.24% YoY. Finally, diluted normalized EPS grew by 35.91% QoQ but declined by 5.19% YoY. Overall, while the company had mixed results, it showed improvements in several areas from the previous quarter but faced some year-over-year challenges.

Here's the Q1 financial results for Danlaw Technologies India:

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Danlaw Technologies India Q1 Results

Danlaw Technologies India has released its unaudited financial results for the quarter that ended on June 30, 2024. In simple terms, the company made ₹4,730.25 lakhs from its main business activities during this period. It also earned an additional ₹21.68 lakhs from other sources, bringing the total income to ₹4,751.93 lakhs.

Danlaw Technologies India spent ₹1,021.51 lakhs on materials used in production. Other significant costs included ₹54.49 lakhs for changes in inventory, ₹93.99 lakhs on employee salaries, and ₹281.05 lakhs on interest expenses. They also spent ₹2,913.38 lakhs on depreciation (the reduction in value of assets) and ₹178.72 lakhs on other various expenses. In total, their expenses were ₹4,543.15 lakhs.

This left Danlaw Technologies India with a profit of ₹208.78 lakhs before considering taxes. However, after accounting for taxes and other financial adjustments, which totaled ₹660.91 lakhs, the company ended up with a net loss of ₹-452.13 lakhs for the quarter. This means they spent more than they earned, resulting in a loss. The report also mentions that there were no exceptional items affecting the results.

Here's a summary of the financial results from Danlaw Technologies India for the quarter ended June 30, 2024:

Danlaw Technologies India Stock Performance 

Danlaw Technologies India has a market capitalization of ₹939 crore, meaning that's the total value of all its shares. The current price of its stock is ₹1,928. The highest price the stock has reached is ₹2,310, while the lowest is ₹622. The stock’s Price-to-Earnings (P/E) ratio is 42.6, indicating how much investors are willing to pay for each rupee of earnings. The book value per share is ₹119, which is the company’s net asset value per share. 

Here's the information presented in a simple table format:

Quarterly Results 

Danlaw Technologies India's quarterly financial results show how the company's performance changed over time. In December 2023, Danlaw had sales of Rs. 53.02 crores and made a profit before tax of Rs. 8.22 crores, with an operating profit margin of 18.39%. By March 2024, sales increased to Rs. 61.52 crores, and the profit before tax grew to Rs. 9.23 crores, though the operating profit margin slightly dropped to 17.26%.

Here's the transposed data for December 2023, March 2024, and June 2024:

About Danlaw Technologies India 

Danlaw Technologies India is a key part of Danlaw and is a global leader in connected car and automotive electronics. Established 20 years ago, Danlaw India started as a technology and product development center to provide round-the-clock support for the Danlaw group. It was set up to deliver high-quality work in a skilled environment, and it has grown significantly since then. The company now has a team of around 800 people who are dedicated to creating advanced technology for major car manufacturers around the world. 

Danlaw Technologies India focuses on research and development to keep up with the fast-changing needs of the automotive industry. Their goal is to stay ahead in an increasingly connected world. Danlaw is recognized for its innovative technology, efficient development processes, and solutions that adapt to dynamic environments. Their connected vehicle solutions are among the most advanced globally, making Danlaw one of the leading suppliers of connected car gadgets. Danlaw has built a reputation for its commitment to excellence and innovation, working towards a brighter, more connected future in the automotive industry.