Goldiam Intl bags order worth Rs. 35 crore

Goldiam International Limited has bagged its largest order ever for a single ring style for 10,000 pieces from a large US-based retailer. This order is worth Rs. 35 crore.

Till date, the order book of the company has crossed Rs. 70 crore which includes the above order.

Over the last two to three years, the company has been delivering good numbers. In FY19, its revenue jumped by 40.1 per cent to Rs. 446.37 crore. EBITDA rose by 120 per cent to Rs. 55.32 crore. The EBITDA margin for the year stood at 12.4 per cent. Further, the company reported net profit of Rs. 46.59 crore, up by 130.6 per cent. For FY19, the company’s Board of Directors has recommended a final dividend of Re. 1 per share, i.e. 10 per cent.

Goldiam International is an India-based holding company, which operates as a manufacturer of diamond studded gold, platinum and silver jewellery. The principal business activities of the company is manufacturing and exporting of studded gold and silver jewellery.

On Friday, the stock of Goldiam opened at Rs. 122.20 per share on BSE. During the day, it was up by 5.9 per cent making intra-day high of Rs. 128.95.