Lypsa Gems & Jewellery Reports Strong Q3 Growth

Nov 06 2023 12:00 AM IST
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Lypsa Gems & Jewellery, a microcap company in the jewellery industry, has reported a significant increase in net sales by 47.52% in the quarter ended September 2023. The company has also maintained its growth momentum in net profit and operating profit, showing a positive trend. Additionally, Lypsa Gems has shown remarkable growth in half-yearly net sales and has improved its profitability in just six months.
Lypsa Gems & Jewellery, a microcap company in the jewellery industry, has recently declared its financial results for the quarter ended September 2023. The company has shown a significant growth in its net sales, with a quarter-on-quarter (QoQ) increase of 47.52%. This is a major improvement from the previous quarter, where the company had experienced a decline of 71.19%.

In terms of consolidated net profit, Lypsa Gems has maintained its growth momentum with a QoQ growth of 0.00%. This is in contrast to the previous quarter, where the company had recorded a growth of 100.02%. Similarly, the operating profit (PBDIT) excluding other income has also shown a QoQ growth of 0.00%, compared to a growth of 100.16% in the previous quarter.

One notable aspect of Lypsa Gems' financial performance is the absence of any interest expenses in the last few periods. This has contributed to the company's operating profit margin (excluding other income) falling from the previous quarter.

Despite this, Lypsa Gems has seen a positive overall financial performance in the quarter ended September 2023. The company's score has improved from 9 to 11 in the last 3 months, indicating a positive trend.

Looking at the half-yearly financials, Lypsa Gems has shown a remarkable growth in net sales, which has increased by 364.34% year-on-year (YoY) to Rs 5.99 crore. This is a clear indication of the company's positive sales trend.

Moreover, the company's profit after tax (PAT) for the half-yearly period is higher at Rs 0.02 crore, compared to the preceding 12-month period ended September 2023, where the company had recorded a loss of Rs 44.10 crore. This shows a significant improvement in the company's profitability in just six months.

Overall, Lypsa Gems & Jewellery has shown a strong financial performance in the quarter ended September 2023, with positive growth in net sales and profit. This is a promising sign for the microcap company in the jewellery industry.
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