Golkunda Diamonds & Jewellery Reports Strong Financial Performance, Receives 'Buy' Call from MarketsMOJO
Golkunda Diamonds & Jewellery, a microcap company in the jewellery industry, has recently announced its financial results for the quarter ending March 2024. The company has received a 'Buy' call from MarketsMOJO, indicating positive growth potential.According to the financial report, Golkunda Diamond has shown a significant improvement in its performance, with a score of 22 compared to 7 in the previous quarter. This is a clear indication of the company's positive growth trajectory.
One of the key factors contributing to this growth is the increase in Profit Before Tax less Other Income (PBT) which has grown by 140.4% to Rs 5.68 crore from an average of Rs 2.36 crore in the previous four quarters. This trend is expected to continue in the near future.
Similarly, the Profit After Tax (PAT) has also seen a significant growth of 129.5% to Rs 4.36 crore from an average of Rs 1.90 crore in the previous four quarters. This is a positive sign for the company's financial health.
The company's Net Sales have also seen a remarkable growth of 56.7% to Rs 80.67 crore from an average of Rs 51.48 crore in the previous four quarters. This is the highest net sales in the last five quarters, indicating a positive sales trend for the company.
In terms of profitability, Golkunda Diamond has also shown a positive trend with the highest Operating Profit (PBDIT) of Rs 6.75 crore in the last five quarters. The Profit Before Tax less Other Income (PBT) and Profit After Tax (PAT) have also reached their highest levels in the last five quarters.
Moreover, the company's Earnings per Share (EPS) have also seen a significant increase, reaching its highest at Rs 6.26 in the last five quarters. This is a clear indication of the company's ability to generate higher earnings for its shareholders.
Overall, Golkunda Diamonds & Jewellery has shown a very positive financial performance in the quarter ending March 2024. With a 'Buy' call from MarketsMOJO, the company is expected to continue its growth trajectory in the near future.
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