PNGS Gargi FJ Reports Impressive Financial Results for Q2 FY25

PNGS Gargi Fashion Jewellery, a leading player in the diamond and gold jewellery industry, has recently announced its financial results for the quarter ending September 2024. The company, which falls under the microcap category, has shown a very positive performance in this quarter.

According to the financial report, the company’s net sales for the half-yearly period have grown by a staggering 289.09% year on year, reaching Rs 67.39 crore. This is a significant increase from the previous year’s net sales of Rs 50.48 crore. The trend for sales is also very positive, indicating a strong demand for PNGS Gargi FJ’s products.

The company’s profit after tax (PAT) for the half-yearly period has also seen a remarkable growth of 425.34% year on year, reaching Rs 15.55 crore. This is a significant improvement from the previous year’s PAT of Rs 8.47 crore. This shows that the company’s profitability has increased significantly in the last year.

However, one area of concern for PNGS Gargi FJ is its operating cash flow, which has been the lowest in the last three years at Rs -11.70 crore. This indicates that the company’s cash revenues from business operations are falling.

Despite this, MarketsMOJO has given a ‘Hold’ call for the company’s stock, indicating that it is a good investment option. With its strong financial performance in the last quarter, PNGS Gargi FJ is poised for growth in the diamond and gold jewellery industry.