Dolfin Rubbers Q1 Results Reflect Growth and Strong Financial Health

Dolfin Rubbers Q1 Results: The Q1 results for Dolfin Rubbers show strong financial performance in June 2024. The company's total revenue increased to ₹38.64 crores, which is higher than ₹27.63 crores in June 2023. This significant rise indicates that Dolfin Rubbers has successfully boosted its sales over the year. The company's selling, general, and administrative expenses also went up to ₹4.35 crores from ₹3.76 crores in the same period last year, but this increase is reasonable considering the growth in revenue.

Dolfin Rubbers’ Total operating expenses rose to ₹36.04 crores, which is higher than ₹26.22 crores in June 2023. However, the operating income increased to ₹2.60 crores, showing that the company is managing its expenses well. The net income before taxes improved to ₹2.42 crores from ₹1.26 crores a year ago, and the net income reached ₹1.84 crores, up from ₹0.87 crores in June 2023. This growth in net income reflects the company's strong profit potential. Additionally, the diluted normalized earnings per share (EPS) rose to ₹1.83 from ₹0.87, indicating that shareholders are likely to benefit from this positive trend. 

Here are the Q1 results for Dolfin Rubbers, presented in a simple table format:

(Rs. in crores, except the shares)

Source: Here 

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Dolfin Rubbers Q1 Results

Dolfin Rubbers earned a total revenue of ₹3,863.67 million in the latest quarter, which is higher than the ₹3,460.90 million from the previous quarter and ₹2,763.31 million from the same quarter last year. The total income, including other income, was ₹3,872.84 million, showing a positive trend in earnings.

Dolfin Rubbers had total expenses of ₹3,630.82 million in the latest quarter, up from ₹3,279.69 million in the previous quarter and ₹2,649.18 million from the same quarter last year. Major expenses included the cost of materials consumed, employee benefits, and other operating expenses.

Dolfin Rubbers’ profit before tax for the quarter was ₹242.02 million, which is higher than ₹207.64 million in the previous quarter and ₹125.89 million in the same quarter last year. After accounting for tax expenses, the profit for the quarter was ₹183.53 million. 

Here's the financial results table you provided, organized in a more readable format:

(Rs. in Million)

Dolfin Rubbers Stock Performance 

The table provides important financial information about Dolfin Rubbers. The market capitalization is ₹ 231 crore, meaning the total value of all its shares is this amount. The current stock price is ₹ 230, which is what investors pay to buy a share. The highest price in the last year was ₹ 290, while the lowest was ₹ 114. The Price-to-Earnings (P/E) ratio is 40.4, showing how much investors are willing to pay for each unit of earnings. The book value is ₹ 28.2, indicating the value of the company's assets. There is no dividend yield, meaning the company does not currently pay dividends to shareholders.

Here’s the financial information presented in a clear table format:

Quarterly Results 

The table shows the quarterly financial results for Dolfin Rubbers from December 2023 to June 2024. In December 2023, the company made 27.04 crores in sales and spent 25.20 crores on expenses, leading to an operating profit of 1.84 crores. By March 2024, sales increased to 34.61 crores, with expenses rising to 32.16 crores, resulting in an operating profit of 2.45 crores. 

Here are the quarterly results for Dec 2023, Mar 2024, and Jun 2024:

About Dolfin Rubbers 

Dolfin Rubbers is a growing company in India that specializes in making high-quality butyl tubes and tyres for vehicles. The company has a large manufacturing unit that covers 200,000 square feet and produces about 6 million butyl tubes and 0.5 million tyres each year. With over 500 skilled workers, Dolfin aims to increase its production capacity significantly in the coming years.

Since being listed on the Bombay Stock Exchange in 2018, Dolfin has built a strong network of over 600 dealers and distributors across India. The brand is known for its commitment to quality and customer satisfaction, with expanding reach in international markets.