Lypsa Gems & Jewellery Reports Negative Financial Performance, Receives Strong Sell Call
Lypsa Gems & Jewellery, a microcap company in the jewellery industry, has reported a negative financial performance for the quarter ending June 2024. The company's net sales and profit after tax have declined by 42.14% compared to the same period last year. MarketsMojo has given a Strong Sell call for the company.
Lypsa Gems & Jewellery, a microcap company in the jewellery industry, recently declared its financial results for the quarter ending June 2024. The results, released on August 14, 2024, have received a "Strong Sell" call from MarketsMOJO.According to the financial report, Lypsa Gems has seen a negative performance in the quarter, with a score of -7 compared to 4 in the previous quarter. This indicates a decline in the company's financial health in the last three months.
The main factors contributing to this negative performance are the net sales and profit after tax (PAT) figures. The net sales for the nine-month period ending June 2024 stood at Rs 7.07 crore, showing a decline of 42.14% compared to the same period last year. This trend is expected to continue in the near term.
Similarly, the PAT for the same period was at Rs -32.72 crore, also showing a decline of 42.14% compared to the previous year. This indicates a negative trend in the company's profitability in the near term.
Overall, Lypsa Gems & Jewellery has reported a negative financial performance for the quarter ending June 2024. Investors should take note of the "Strong Sell" call by MarketsMOJO and carefully consider their investment decisions.
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