Gautam Gems Q2 Results Total Income Declines to ₹16.59 Crores

Gautam Gems Q2 Results

Gautam Gems Q2 Results: Gautam Gems is a company that recently shared its financial results for the quarter ending on September 30, 2024. In this report, the company shows its earnings, expenses, and overall financial health for that period. The total income, which includes money made from operations and other income, was ₹1,659.43 lakhs. This is lower than the previous quarter’s income of ₹2,590.90 lakhs. The company spent ₹1,647.14 lakhs on various expenses, which includes costs for materials, employee salaries, and other operational costs.

Gautam Gems made a profit of ₹12.29 lakhs before taxes , After subtracting the expenses from total income. This is an increase from the previous quarter's profit of ₹8.41 lakhs. After accounting for taxes, the net profit from continuing operations was ₹10.29 lakhs. The company also reported that it has a paid-up equity share capital of ₹4,284.61 lakhs. This indicates a stable financial position. The earnings per share, a measure of profitability for each share of the company, were ₹0.02 for the quarter. Overall, Gautam Gems is managing its operations and finances effectively, but it experienced a decrease in revenue compared to the previous quarter.

Here’s a summarized version of the standalone un-audited financial results for the quarter ended on September 30, 2024, presented in a table format:

(Rs. in Lakhs)

Source: Here 

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Gautam Gems Financial Performance 

Gautam Gems table shows important information. The company's market cap is ₹33.6 crore, meaning the total value of its shares is that amount. The current price of one share is ₹8.22. Over time, the stock has reached a high of ₹14.4 and a low of ₹7.00. The P/E ratio is 56.0, meaning the price is 56 times its earnings. The book value per share is ₹12.5. There is no dividend yield, meaning no dividend is paid. The company has a ROCE of 2.04% and a ROE of 1.01%, showing low profitability. The face value is ₹10.0.

Here’s the information in a table format:

Quarterly Results 

The financial performance of Gautam Gems in March, June, and September 2024 shows a fluctuating trend. In March 2024, the company had sales of ₹28.11 crore but faced higher expenses of ₹28.46 crore, leading to a loss of ₹0.35 crore. By June 2024, sales dropped slightly to ₹25.91 crore, but expenses were lower, resulting in a small profit of ₹0.08 crore. In September 2024, sales further decreased to ₹16.55 crore, but the company managed to make a profit of ₹0.13 crore, thanks to reduced expenses.

Here is the summarized financial data for March 2024, June 2024, and September 2024:

About Quarterly Gautam Gems

Gautam Gems, a well-established diamond company, is committed to excellence in the diamond trade. The company specializes in importing, exporting, and manufacturing rough and polished diamonds. Located in Surat, India, which is the center of the diamond industry, Gautam Gems offers a wide range of diamonds in different shapes, sizes, and colors. The company keeps track of market demand to ensure they have the right stock available for their customers.

Gautam Gems has focused on maintaining strong relationships with suppliers and customers, ensuring timely delivery and high-quality diamonds. Their team works hard to meet customer needs while keeping an eye on market trends. With over 15 years of experience in the diamond business, the founder, Mr. Gautam P. Sheth, along with Mrs. Nidhi G. Sheth, has built a reliable company known for its quality and service. This approach helps them stay competitive in the ever-changing diamond market.