NewsEarningsDolfin Rubbers Reports Q1 Revenue Growth to Rs 4,023.42 Crores, Net Profit Declines to Rs 167.17 CroresDolfin Rubbers Reports Q1 Revenue Growth to Rs 4,023.42 Crores, Net Profit Declines to Rs 167.17 Crores
Dolfin Rubbers Limited, a leading tyre and tube manufacturer, announced Q1 financial results with revenue from operations increasing 4.13% to Rs 4,023.42 crores. However, net profit decreased 8.91% to Rs 167.17 crores. Total comprehensive income fell 14.70% to Rs 154.90 crores, and basic EPS dropped to Rs 1.57 from Rs 1.83. The company maintained a stable paid-up equity share capital of Rs 1,002.99 crores and recommended no dividend for the period.
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Dolfin Rubbers Limited , a leading manufacturer of tyres and tubes, has announced its unaudited financial results for the first quarter. The company demonstrated revenue growth amidst challenging market conditions, while experiencing a slight dip in profitability.
Revenue Growth
The company reported a revenue from operations of Rs 4,023.42 crores for Q1, marking a 4.13% increase from Rs 3,863.67 crores in the corresponding quarter of the previous year. This growth indicates the company's ability to expand its market presence and sales despite potential economic headwinds.
Profit Performance
Despite the increase in revenue, Dolfin Rubbers saw a decline in its net profit. The company's net profit for Q1 stood at Rs 167.17 crores, down from Rs 183.53 crores in the same quarter of the previous year, representing an 8.91% decrease. This reduction in profitability could be attributed to various factors, including increased operational costs or market pressures.
Comprehensive Income and EPS
The total comprehensive income for the quarter was Rs 154.90 crores, compared to Rs 181.59 crores in the same period last year, showing a decrease of 14.70%. Consequently, the basic earnings per share (EPS) decreased to Rs 1.57 from Rs 1.83 in the previous year's corresponding quarter.
Financial Highlights
| Particulars (Rs. in Crores) | Q1 Current | Q1 Previous | YoY Change |
|---|---|---|---|
| Revenue from Operations | 4,023.42 | 3,863.67 | 4.13% |
| Net Profit | 167.17 | 183.53 | -8.91% |
| Total Comprehensive Income | 154.90 | 181.59 | -14.70% |
| Basic EPS (Rs.) | 1.57 | 1.83 | -14.21% |
Other Key Points
- The Board of Directors has recommended no dividend for the period.
- The company's total income, including other income, stood at Rs 4,030.41 crores for Q1.
- Dolfin Rubbers maintained a stable paid-up equity share capital of Rs 1,002.99 crores.
Management Commentary
While specific management comments were not provided, the financial results suggest that Dolfin Rubbers is navigating a complex market environment. The company has managed to grow its revenue, which is a positive sign, but the decline in profitability may prompt management to focus on cost optimization and efficiency improvements in the coming quarters.
Auditor's Review
The financial results were reviewed by the statutory auditors, Goyal Sanjay & Associates, and approved during a Board meeting. The auditors conducted their review in accordance with the Standard on Review Engagement (SRE) 2410 and found no material misstatement in the financial results.
Investors and stakeholders will be keenly watching Dolfin Rubbers' performance in the upcoming quarters to see how the company addresses the challenges of maintaining profitability while continuing to grow its revenue in the competitive tyre and tube manufacturing sector.
Historical Stock Returns for Dolfin Rubbers
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.73% | +3.29% | -0.53% | -11.58% | -18.21% | +513.43% |
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