Kiduja India Q1 Results with Revenue Down 13.04% QoQ but Up 91.10% YoY

Kiduja India Q1 Results: Kiduja India's financial performance for the first quarter of June 2024 shows both positive and negative trends when compared to the previous quarter (March 2023) and the same quarter last year (June 2023). Their total revenue increased significantly by 91.10% compared to June 2023, indicating strong growth over the year. However, compared to the previous quarter (March 2023), revenue slightly declined by 13.04%, suggesting some recent challenges in maintaining growth momentum.

Kiduja India's operating expenses, which include costs like selling, general, and administrative expenses, as well as other operating expenses, also saw mixed results. While some costs decreased slightly, others increased. The total operating expenses were up by 121.50% compared to last year, which could mean the Kiduja India is spending more to support its growth. Despite the increase in expenses, Kiduja India's operating income, or the profit made from its core business activities, improved by 75.87% year-over-year. This indicates better profitability compared to last year, although there was a decline of 19.25% from the previous quarter.

Kiduja India's net income, which is the company's profit after taxes, followed a similar trend, showing significant improvement year-over-year but a drop quarter-over-quarter. The diluted normalized earnings per share (EPS), a measure of profitability per share, also reflected these trends, with a notable increase of 42.13% year-over-year but a decrease of 16.51% from the previous quarter.

Here is a summary of Kiduja India's Q1 results for June 2024:

(All figures in crores)

Kiduja India Stock Performance

The Kiduja India table shows key financial details about the company. The Market Cap is ₹112 crore, which is the total value of all its shares combined. Each share is currently priced at ₹465. The highest price for the stock was ₹480, while the lowest was ₹70.3. The Price-to-Earnings ratio (P/E) is 3.07, indicating that investors pay 3.07 times the company's earnings per share. 

Here’s the full information:

Quarterly Results 

For Kiduja India's financial performance in December 2023, March 2024, and June 2024, the company showed a good trend. In December 2023, Kiduja India had high sales of ₹19.92 crores and a profit of ₹16.18 crores, with a high Operating Profit Margin (OPM) of 96.99%. By March 2024, sales dropped to ₹10.16 crores, but the company still made a decent profit of ₹6.71 crores and maintained an OPM of 96.95%. 

Here’s the table for December 2023, March 2024, and June 2024:

About Kiduja India

Kiduja India was established in 1985 and is a company that focuses on investments in India. It is a Non-Banking Finance Company registered with the Reserve Bank of India and is listed on the Bombay Stock Exchange under the ticker symbol KIDUJA. Originally named Venus Computers, the company started as a firm specializing in data processing and software development. Over time, it has grown and changed its focus to become a diverse asset management company.

Kiduja now deals with a wide range of financial activities. These include trading in Futures and Options, managing a stock portfolio in the spot market, and investing in mutual funds. They combine the global experience of its management team with top-notch talent to bring innovative ideas and strategies to India.

This unique mix of skills and knowledge helps Kiduja stay ahead in the financial markets. Their goal is to continually strengthen its position and adapt to new opportunities in the investment world.