Diligent Industries Reports December 2024 Results, Highlights Sales Growth Amid Profit Decline

Feb 17 2025 01:48 PM IST
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Diligent Industries announced its financial results for the quarter ending December 2024, revealing net sales of Rs 31.03 crore, a year-on-year growth of 36.58%. However, profit after tax declined to Rs 0.14 crore, marking a significant decrease, while earnings per share fell to Rs 0.01.
Diligent Industries has recently reported its financial results for the quarter ending December 2024, with the announcement made on February 14, 2025. The company, categorized as a microcap in the miscellaneous industry, has experienced notable shifts in its financial evaluation.

The net sales for the quarter reached Rs 31.03 crore, reflecting a year-on-year growth of 36.58%, indicating a positive near-term sales trend. However, the profit after tax (PAT) has shown a significant decline, recorded at Rs 0.14 crore, which represents a year-on-year decrease of 51.7%. This decline suggests challenges in maintaining profitability. Additionally, the profit before tax, excluding other income, has reached its lowest point in the last five quarters at Rs 0.18 crore, further highlighting a negative near-term trend. The earnings per share (EPS) also hit a low of Rs 0.01, indicating reduced earnings for shareholders.

In light of these developments, Diligent Industries has undergone an adjustment in its evaluation, with the score reflecting a notable change over the past three months.

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