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Damani stock falls 9% despite reporting 54% YoY increase in net profits

Prominent jewelry manufacturer reported a strong Q3 FY25, with net profit rising 54% YoY and 125% QoQ. Revenue surged 41% YoY, while EBITDA grew 62%, highlighting robust demand and operational efficiency.
Damani stock tumbles 9% despite strong 54% YoY profit growth, surprising investors amid market volatility.
Damani stock tumbles 9% despite strong 54% YoY profit growth, surprising investors amid market volatility.

Introduction:

Leading jewelry manufacturer posted a robust Q3 FY25 performance, with net profit soaring 54% YoY and 125% QoQ. Revenue surged 41% YoY, while EBITDA grew 62%, reflecting strong demand recovery and effective operational execution in a competitive market.

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Also Read: EV stock jumps 4% after it reports ₹382.44 Cr profit against loss of ₹621.6 Cr in previous qtr

Share price movement of Goldiam International:

On February 7, 2025, Goldiam International Ltd opened at ₹536.80, up from its previous close of ₹532.10. The stock hit a high of ₹538.45 and a low of ₹484.15. By 3:20 PM, it traded at ₹490.85, down 7.75%, with a market cap of ₹5,260.19 crore.

Goldiam International Reports Strong Q3 Growth:

Goldiam International Limited reported a strong Q3 FY25 performance, with net profit surging 54% year-on-year (YoY) to ₹49.8 crore from ₹32.4 crore. Quarter-on-quarter (QoQ), net profit jumped 125% from ₹22.1 crore, reflecting significant profitability growth amid robust operational execution.

Revenue from operations soared 41% YoY to ₹288 crore from ₹205 crore, while QoQ revenue more than doubled, rising 104% from ₹141.1 crore. The substantial increase highlights strong demand recovery and the company’s effective sales strategies in a competitive market.

EBITDA grew 62% YoY to ₹70.8 crore from ₹43.8 crore, while QoQ it surged 105% from ₹34.6 crore. EBITDA margin expanded 325 bps YoY to 24.6%, with a slight 5 bps QoQ rise. PAT margin improved 148 bps YoY and 160 bps QoQ, indicating stronger profitability.

Ace investor holding in Goldiam International:

Ramesh Damani

Ramesh Damani holds a 1.58% stake in Goldiam International Ltd, owning 16,82,898 shares valued at ₹82.6 crore. His investment highlights confidence in the company’s growth prospects, reflecting strong potential in the jewelry manufacturing and export sector.

Stock performance of Goldiam International for Period of 1 week, 6 months and 1 year:

Goldiam International Ltd delivered strong returns, rising 8.22% in the past week. Over six months, the stock surged 168%, while its one-year return stood at 166%, reflecting robust growth and investor confidence in the company’s performance.

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Shareholding pattern of Goldiam International:

All values in %Dec 2024Sep 2024Jun 2024
Promoter62.40%63.30%64.30%
FII0.70%0.60%0.20%
DII0.40%0%0%
Public36.50%36.10%35.60%
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About Goldiam International:

Goldiam International Ltd (NSE: GOLDIAM) is a leading OEM partner and exporter of luxury diamond jewelry. Catering to global retailers, it specializes in responsibly sourced diamonds, advanced manufacturing, and efficient delivery, with design teams in India and the USA.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.

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