Numbers ka Funda: Standalone vs Consolidated
DJML ke results thode mixed aaye hain, yaaar. Agar sirf standalone performance dekhein, toh 9 mahine mein (jo December 31, 2025 ko khatam hue) revenue 28.58% badh kar ₹6,994.93 Lakhs ho gaya. EBITDA bhi 8.95% upar tha ₹1,287.27 Lakhs pe, aur Profit After Tax (PAT) 20.49% badh kar ₹513.95 Lakhs ho gaya. Is wajah se Earnings Per Share (EPS) bhi ₹1.50 ho gaya, jo pichhle saal ₹1.31 tha.
Par scene thoda alag hai jab consolidated figures dekhte hain Q3 FY26 ke liye. Yahan revenue ₹2,760.16 Lakhs raha, jo pichhle quarter (Q2 FY26) se lagbhag 14% kam hai. Haan, Q1 FY26 se 9.3% zyada hai, par QoQ drop chinta ki baat hai. Consolidated EBITDA bhi 3.25% neeche ₹507.38 Lakhs pe aaya, aur PAT bhi 5.3% kam hokar ₹193.39 Lakhs ho gaya. Consolidated EPS bhi ₹0.56 raha, jo pichhle quarter ke ₹0.63 se kam hai.
Waise ek acchi baat ye hai ki consolidated PAT margin Q2 FY26 ke 6.32% se badh kar Q3 FY26 mein 7.03% ho gaya hai. Lekin standalone PAT margin thoda sa 7.36% se 7.92% (9M FY25) se 7.36% (9M FY26) pe aa gaya.
Management ka Plan aur Investors ka Sawal
Company management bol raha hai ki woh "sustainable long-term value creation" par focus kar rahe hain aur core business ko mazboot karke naye opportunities explore kar rahe hain. Lekin, sabse badi chinta wali baat ye hai ki unhone future ke liye koi specific financial guidance nahi di hai. Matlab, aage revenue ya profit kitna hoga, iska koi clear idea nahi diya gaya. Plus, Balance Sheet aur Cash Flow statements ka data bhi pura nahi diya gaya hai.
Iska matlab investors ko ab future performance ka andaza khud lagana hoga aur company ke consolidated numbers pe nazar rakhni hogi ki woh kab stable hokar wapas grow karna shuru karte hain.