Palm Jewels Reports Strong Financial Performance in Q2 Despite 'Sell' Call
Palm Jewels, a microcap company in the diamond and gold jewellery industry, has recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Sell' call by MarketsMOJO.Despite this, Palm Jewels has shown positive financial performance in the second quarter of the fiscal year 2024-2025. In fact, the company's score has improved from 7 to 14 in the last three months.
According to the September 2024 financials, Palm Jewels has seen significant growth in key areas. The Profit Before Tax (PBT) less Other Income has been the highest at Rs 0.28 crore and has shown growth in each of the last five quarters. This indicates a very positive trend in the near term for PBT.
Similarly, the Profit After Tax (PAT) has also been the highest at Rs 0.24 crore and has shown growth in each of the last five quarters. This is another positive sign for the company's near term financial performance.
The Net Sales for the quarter were at Rs 49.53 crore, which is a 21.3% increase over the average Net Sales of the previous four quarters. This shows a positive trend in the company's sales performance in the near term.
Palm Jewels has also seen a growth in its Operating Profit (PBDIT), which was the highest at Rs 0.37 crore in the last five quarters. This indicates a positive trend in the company's near term operating profit.
Moreover, the Operating Profit Margin has been the highest at 0.75% in the last five quarters, showing an improvement in the company's efficiency.
Lastly, the Earnings per Share (EPS) for the quarter were at Rs 0.24, which is the highest in the last five quarters. This indicates an increase in profitability and higher earnings for shareholders.
Overall, Palm Jewels has shown positive financial performance in the recent quarter, with growth in key areas and an improvement in efficiency. However, investors should take note of the 'Sell' call given by MarketsMOJO and make informed decisions.
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