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Dangee Dums Reports Financial Results for Q1 FY 2024-25

Ahmedabad, July 24, 2024 – Dangee Dums Limited, a leading name in the hospitality and confectionery industry, has announced its financial results for the first quarter of the fiscal year 2024-25. The company's Board of Directors approved the unaudited standalone financial results during their meeting held today.

Financial Performance Highlights

Q1 FY 2024-25 Financial Results

• Revenue from Operations: ₹588.76 lakhs, compared to ₹592.07 lakhs in Q4 FY 2023-24 and ₹570.71 lakhs in Q1 FY 2023-24.
• Other Income: ₹24.31 lakhs, compared to ₹19.56 lakhs in Q4 FY 2023-24 and ₹42.34 lakhs in Q1 FY 2023-24.
• Total Income: ₹613.07 lakhs, maintaining steady performance compared to ₹611.63 lakhs in the previous quarter and ₹613.05 lakhs in the corresponding quarter last year.
• Total Expenses: ₹642.30 lakhs, down from ₹740.10 lakhs in Q4 FY 2023-24 but up from ₹611.80 lakhs in Q1 FY 2023-24.
• Net Loss: ₹25.86 lakhs, an improvement from a loss of ₹88.55 lakhs in Q4 FY 2023-24 but a decline from a profit of ₹2.38 lakhs in Q1 FY 2023-24.

Key Developments and Approvals

Approval of Financial Results

The Board of Directors has approved the unaudited standalone financial results for the quarter ended June 30, 2024, along with the limited review report. The results are available on the National Stock Exchange of India Limited (NSE) website and the company's official website.

Meeting Details

• Meeting Commencement: 05:00 PM, July 24, 2024
• Meeting Conclusion: 05:35 PM, July 24, 2024

Notes

1. The financial results have been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (Ind AS).
2. Figures for the quarter ended March 31, 2024, are balancing figures between audited figures for the full financial year and unaudited year-to-date figures up to the third quarter of the respective financial year.
3. Previous year figures have been regrouped/rearranged wherever necessary to make them comparable with the current period figures.

For further details and to view the complete financial results, visit the NSE website and the Dangee Dums investor center.

Limited Review Report by J.T. Shah & Co.

J.T. Shah & Co., Chartered Accountants, conducted a limited review of the financial results. According to the review, the financial statements provide a true and fair view of the company's financial position as of June 30, 2024, and are free from material misstatement.

Conclusion

The financial performance of Dangee Dums Limited for Q1 FY 2024-25 reflects steady revenue streams with a noted improvement in reducing net losses. The company continues to focus on strategic initiatives to enhance operational efficiency and financial stability.