Nidhi Granites Quarterly Results

Charts

YoY Net Sales (Quarterly)

Operating Margin

EPS Growth

POSITIVES

Revenue growth of 38% in Q4 2023 indicates strong demand recovery.
Operating profit margin improved significantly, reflecting better cost management.
Net profit turned positive in Q4 2023, a strong turnaround from losses in prior quarters.

NEGATIVES

Q1 2024 saw a revenue decline from previous quarter, raising concerns about sustainability.
Material costs increased sharply, impacting profit margins negatively.
Projected losses in early 2025 suggest potential operational challenges ahead.

Field	Mar 23	Jun 23	Sep 23	Dec 23	Mar 24	Jun 24	Sep 24	Dec 24	Mar 25	Jun 25
Revenue	5.92	7.78	8.68	10.66	11.38	9.29	12.10	13.42	10.48	19.81
Expenses	5.72	7.50	8.38	9.89	11.20	8.54	11.66	12.52	11.08	16.59
Operating Profit	0.21	0.29	0.30	0.77	0.19	0.74	0.43	0.90	-0.59	3.22
Other Income	0.11	0.07	0.14	0.10	0.26	0.51	1.14	0.51	-0.11	0.07
Interest	0.06	0.09	0.17	0.09	0.10	0.11	0.11	0.08	0.07	0.05
Depreciation	0.13	0.16	0.18	0.19	0.19	0.17	0.17	0.16	0.13	0.20
Profit Before Tax	0.13	0.11	0.08	0.60	0.16	0.97	1.30	1.17	-0.91	3.05
Tax	0.09	0.03	0.02	0.15	0.07	0.21	0.20	0.23	-0.03	0.81
Net Profit	0.04	0.08	0.06	0.45	0.09	0.75	1.10	0.94	-0.88	2.24
Eps in Rs	0.20	0.16	0.08	0.56	0.11	0.94	1.37	1.17	-1.09	2.80