Laxmi Goldorna House Q1 Results Revenue of ₹1,584.78 lakhs and Net Profit of ₹117.08 lakhs

Laxmi Goldorna House Q1 Results: Laxmi Goldorna House announced their Q1 results for the 2024-2025 financial year on August 13, 2024. The company reported a revenue of ₹1,584.78 lakhs for the quarter, marking a decrease of 39.94% compared to ₹2,638.39 lakhs in the same period last year.

This decline reflects a challenging period for the company, particularly in the real estate and jewelry sectors. Additionally, the company’s total income dropped by 39.40% from ₹2,638.39 lakhs in Q1 2023 to ₹1,597.92 lakhs in the current quarter.

Quarter-over-quarter, Laxmi Goldorna House saw a 24.09% increase in revenue compared to ₹1,812.09 lakhs reported in Q4 2023. Despite this sequential growth, the overall profitability faced a hit, with net profit for Q1 2024-2025 standing at ₹117.08 lakhs, down by 42.37% from ₹203.71 lakhs year-over-year.

The company's comprehensive income also experienced a decline, with a total of ₹241.40 lakhs, compared to ₹623.36 lakhs in the previous quarter. This data highlights ongoing challenges and the need for strategic adjustments moving forward.

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Laxmi Goldorna House Q1 Results 2024 - 2025

Here is a summary of Laxmi Goldorna House's Q1 financial results for the 2024-2025 fiscal year. The following table outlines the key figures for the quarter ended June 30, 2024, compared to the previous year and the previous quarter.

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Laxmi Goldorna House Current Market Overview

Laxmi Goldorna House is currently trading at ₹290 per share, showing a 4.99% increase recently. The company has a market capitalization of ₹605 crore. Its stock price has fluctuated between ₹397 at its highest and ₹41.5 at its lowest over the past year.

The company's price-to-earnings ratio is 69.8, and it does not offer any dividend yield. With a book value of ₹21.8 per share, Laxmi Goldorna House has a return on capital employed (ROCE) of 21.4% and a return on equity (ROE) of 24.6%.

Quarterly Results

Here are the quarterly financial results for Laxmi Goldorna House for the periods ending December 2023, March 2024, and June 2024:

About Laxmi Goldorna House 

Laxmi Goldorna House, established in 2010, is a company based in Ahmedabad, Gujarat, India. It operates primarily in real estate development and the jewelry industry. The company builds and sells both commercial and residential properties, while also manufacturing and trading gold jewelry and ornaments.

Laxmi Goldorna House offers a range of products including gold jewelry with and without precious stones. It is involved in processing, wholesale, and retail trading, aiming to cater to diverse customer needs in the real estate and jewelry markets.

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