Driven by the momentum in sales growth and improvement in margin profile, DOMS Industries, a stationery and art material company, has reported a 49.5 per cent year-on-year (YoY) increase in the net profit in the first quarter of the current financial year (Q1FY25).
The company’s unaudited financial results for Q1FY25 saw the profit after taxes (Pat) jump to Rs 54.3 crore in Q1FY25 from Rs 36.3 crore during the same period a year ago.
The Pat in the last quarter of FY24 was Rs 46.9 crore, thus indicating a 15.7 per cent quarterly increase in Q1FY25.
The company’s revenue from operations has shown a 17.3 per cent YoY increase, taking the number to Rs 445 crore in Q1FY25 from Rs 379.4 crore a year ago. The quarter-on-quarter (QoQ) increase stood at 10.2 per cent. The gross profit (GP) surged from Rs 145.8 crore to Rs 191.8 crore in Q1FY25 on a YoY basis. The GP in Q4FY24 was Rs 177.6 crore. The GP margin has also increased to 43.1 per cent in Q1FY25 from 38.4 per cent in Q1FY24.
The Earnings before Interest, Taxes, Depreciation, and Amortization (EBITDA) witnessed improvement as it increased from Rs 62.2 crore In Q1FY24 to Rs 86.4 crore in Q1FY25, marking a 38.9 per cent YoY rise. The EBITDA margin for Q1FY25 surged to 19.4 per cent from 16.4 per cent in Q1FY24.
The company’s profit before taxes witnessed a surge from Rs 48.7 crore in Q1FY24 to Rs 73.2 crore in Q1FY24. The PBT in Q4FY24 was Rs 63 crore.
“The start to the financial year 2025 has been positive, despite the challenges on account of extreme weather conditions, especially in North India during the quarter ended June 30, 2024. We continue to see momentum in sales growth and improvement in our margin profile reflecting our unwavering commitment to delivering exceptional value to our targeted consumer,” said Santosh Raveshia, Managing Director, DOMS Industries.
