- Home »
- Quarterly Results »
- G G Dandekar Properties Ltd Q1 Results Revenue ₹72.94 Lakhs & Net Loss ₹37.29 Lakhs
G G Dandekar Properties Ltd Q1 Results Revenue ₹72.94 Lakhs & Net Loss ₹37.29 Lakhs
G G Dandekar Properties Q1 Results with a revenue of ₹72.94 lakhs and total income of ₹87.30 lakhs and their expenses were ₹120.51 lakhs, resulting in a loss before tax of ₹33.21 lakhs.
by Ruksana
Updated Sep 03, 2024
Table of Content
G G Dandekar Properties Q1 Results
G G Dandekar Properties Q1 Results: G.G. Dandekar Properties recently released its financial results for the quarter ending on June 30, 2024. The company reported a revenue from operations of ₹72.94 lakhs during this quarter, which is higher than the ₹62.39 lakhs recorded in the previous quarter (March 2024) but lower than the ₹92.66 lakhs in the same quarter last year (June 2023).
G G Dandekar Properties earned ₹14.36 lakhs from other sources, bringing the total income to ₹87.30 lakhs for the quarter. This is an improvement compared to the previous quarter's total income of ₹79.65 lakhs but lower than the ₹96.58 lakhs from the same quarter last year.
G G Dandekar Properties’ expenses for the quarter totaled ₹120.51 lakhs, slightly down from ₹123.89 lakhs in the previous quarter. These expenses included costs for employee benefits, finance costs, depreciation, and other operational expenses. After accounting for these costs, the company reported a loss of ₹33.21 lakhs before taxes, which is an improvement over the loss of ₹44.24 lakhs in the previous quarter but worse than the loss of ₹29.08 lakhs in the same quarter last year.
G G Dandekar Properties’ After accounting for taxes, the net loss from continuing operations was ₹37.29 lakhs. Overall, the company continued to face financial challenges, with losses reported both from continuing and discontinued operations.
Here's a simplified summary of the financial results for G.G. Dandekar Properties for the quarter ended June 30, 2024:
(in Lakhs)
|
Particulars |
30-Jun-24 (Unaudited) |
31-Mar-24 (Audited) |
30-Jun-23 (Unaudited) |
Year Ended 31-Mar-24 (Audited) |
|
Income from Continuing Operations |
||||
|
Revenue from Operations |
72.94 |
62.39 |
92.66 |
296.02 |
|
Other Income |
14.36 |
17.26 |
3.92 |
102.90 |
|
Total Income |
87.30 |
79.65 |
96.58 |
398.92 |
|
Expenses from Continuing Operations |
||||
|
Employee Benefits Expenses |
13.13 |
17.32 |
19.07 |
65.76 |
|
Finance Costs |
10.41 |
10.56 |
10.94 |
43.25 |
|
Depreciation and Amortisation |
71.10 |
69.21 |
69.20 |
276.84 |
|
Other Expenses |
25.87 |
26.80 |
16.45 |
98.79 |
|
Total Expenses |
120.51 |
123.89 |
115.66 |
484.64 |
|
(Loss) before Tax from Continuing Operations |
(33.21) |
(44.24) |
(29.08) |
(85.72) |
|
Net Profit / (Loss) from Continuing Operations |
(37.29) |
(359.27) |
(26.37) |
(422.47) |
|
Net Profit / (Loss) from Discontinued Operations |
- |
(11.39) |
16.41 |
(16.99) |
|
Total Net Profit / (Loss) for the Period |
(37.29) |
(370.65) |
(9.96) |
(439.46) |
|
Total Comprehensive Income for the Period |
(37.29) |
(364.93) |
(9.96) |
(433.73) |
|
Basic and Diluted EPS (INR) |
(0.78) |
(7.79) |
(0.21) |
(9.23) |
Source: Here
For More Q1 Results check our Twitter Page
Visit our website for more Q1 results
G G Dandekar Properties Stock Performance
The table provides key financial details about G G Dandekar Properties. The company has a market capitalization of ₹65.0 crore, indicating the total value of its shares. The current stock price is ₹136, with the highest price in a given period being ₹163 and the lowest ₹63.5. The company's book value per share is ₹98.6, which represents the value of its assets minus liabilities.
Here is the information in a table format:
|
Metric |
Value |
|
Market Cap |
₹65.0 Cr. |
|
Current Price |
₹136 |
|
High / Low |
₹163 / ₹63.5 |
|
Stock P/E |
Not Provided |
|
Book Value |
₹98.6 |
|
Dividend Yield |
0.00% |
|
ROCE |
-1.27% |
|
ROE |
-9.45% |
|
Face Value |
₹1.00 |
Quarterly Results
The table shows the financial performance of G G Dandekar Properties over the quarters ending in December 2023, March 2024, and June 2024. During these periods, the company’s sales gradually increased from 0.52 crores in December 2023 to 0.73 crores in June 2024. Their expenses slightly decreased, leading to an improvement in operating profit, which grew from 0.03 crores in December 2023 to 0.34 crores in June 2024.
Here is the table for the quarters of December 2023, March 2024, and June 2024, showing the particulars:
(Standalone Figures in Rs. Crores)
|
Particulars |
Dec 2023 |
Mar 2024 |
Jun 2024 |
|
Sales |
0.52 |
0.62 |
0.73 |
|
Expenses |
0.49 |
0.43 |
0.39 |
|
Operating Profit |
0.03 |
0.19 |
0.34 |
|
OPM % |
5.77% |
30.65% |
46.58% |
|
Other Income |
0.14 |
0.06 |
0.14 |
|
Interest |
0.11 |
0.11 |
0.10 |
|
Depreciation |
0.69 |
0.69 |
0.71 |
|
Profit before tax |
-0.63 |
-0.55 |
-0.33 |
|
Tax % |
25.40% |
572.73% |
12.12% |
|
Net Profit |
-0.79 |
-3.71 |
-0.37 |
|
EPS (in Rs.) |
-1.66 |
-7.79 |
-0.78 |
About G G Dandekar Properties
G. G. Dandekar Properties, formerly known as G. G. Dandekar Machine Works, is a company based in India with a rich history dating back to 1938. Originally established as a manufacturer of rice milling machinery, the company has evolved over the years and transitioned into the real estate sector, reflecting its ability to adapt to changing market conditions and opportunities. The company's registered office is located in the Buti Bori Industrial Area in Nagpur, Maharashtra, a region known for its industrial activities.
G. G. Dandekar Properties is listed on the Bombay Stock Exchange (BSE) under the code 50525, making it accessible to investors and shareholders. The company’s primary business focus is on the development and management of real estate properties, including commercial and residential projects. This shift in business strategy signifies the company's commitment to exploring new growth avenues and maximizing value for its stakeholders.
G. G. Dandekar Properties also maintains additional records and books at a location in Pune, Maharashtra, which helps in the efficient management of its operations. With its long-standing presence in the industry and a focus on the real estate sector, G. G. Dandekar Properties continues to play a significant role in the market.
G G Dandekar Properties Q1 Results - FAQs
1. What was G.G. Dandekar Properties' revenue for Q1 2024?
G.G. Dandekar Properties reported a revenue of ₹72.94 lakhs for Q1 2024.
2. How did G.G. Dandekar Properties' Q1 2024 revenue compare to Q4 2023?
G.G. Dandekar Properties' Q1 2024 revenue was higher than Q4 2023.
3. What was the total income of G.G. Dandekar Properties in Q1 2024?
The total income of G.G. Dandekar Properties in Q1 2024 was ₹87.30 lakhs.
4. How much did G.G. Dandekar Properties spend on expenses in Q1 2024?
G.G. Dandekar Properties' expenses for Q1 2024 were ₹120.51 lakhs.
5. What was the loss before tax for G.G. Dandekar Properties in Q1 2024?
The loss before tax for G.G. Dandekar Properties in Q1 2024 was ₹33.21 lakhs.
6. Did G.G. Dandekar Properties pay a dividend in the recent period?
G.G. Dandekar Properties had a dividend yield of 0.00%.
7. What is G.G. Dandekar Properties' ROCE?
The ROCE for G.G. Dandekar Properties is -1.27%.
8. What is the EPS for G.G. Dandekar Properties in Q1 2024?
The EPS for G.G. Dandekar Properties in Q1 2024 is ₹(0.78).
9. What was the operating profit margin for G.G. Dandekar Properties in June 2024?
The operating profit margin for G.G. Dandekar Properties in June 2024 was 46.58%.
10. What was the net profit for G.G. Dandekar Properties in Q1 2024?
G.G. Dandekar Properties reported a net loss of ₹37.29 lakhs in Q1 2024.