Palm Jewels Reports Record Sales Amid Mixed Financial Performance in December 2024

Palm Jewels, a microcap player in the Diamond & Gold Jewellery industry, has recently reported its financial results for the quarter ending December 2024. The company has experienced a notable performance in its net sales, achieving Rs 70.07 crore, which reflects a significant growth compared to the average net sales of Rs 44.78 crore over the previous four quarters. This marks the highest quarterly sales figure recorded in the last five quarters, indicating a positive near-term sales trend.
On the other hand, the company's profit after tax (PAT) for the nine-month period stands at Rs 0.47 crore, surpassing the Rs 0.41 crore recorded in the preceding twelve months. This suggests that Palm Jewels has already exceeded its sales figures from the previous year within a shorter timeframe.

However, the financial results also reveal challenges, particularly in earnings per share (EPS), which has reached its lowest point at Rs 0.09 in the last five quarters. This decline in profitability indicates that the company has generated lower earnings for its shareholders.

In light of these developments, Palm Jewels has undergone an adjustment in its evaluation, reflecting the mixed performance across different financial metrics.

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