R O Jewels Reports Mixed Financial Results Amid Significant Sales Decline in December 2024

Feb 15 2025 09:58 AM IST
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R O Jewels recently released its financial results for the quarter ending December 2024, highlighting a positive shift in Profit After Tax for the half-year period. However, net sales for the nine-month period have significantly declined, indicating challenges ahead for the company’s financial performance.
R O Jewels, a microcap player in the Diamond and Gold Jewellery industry, recently announced its financial results for the quarter ending December 2024. The results, declared on February 14, 2025, reveal a complex picture of the company's performance.

On a positive note, the Profit After Tax (PAT) for the half-year period has shown a notable shift, reaching Rs 0.11 crore, a significant change compared to the preceding twelve months, which recorded a PAT of Rs -0.14 crore. This marks a noteworthy achievement as the company has already surpassed its PAT from the previous year within just six months.

However, the financial landscape is not without its challenges. The net sales for the nine-month period stand at Rs 6.62 crore, reflecting a substantial decline of 97.85% year on year. This trend indicates a concerning trajectory for sales in the near term.

In light of these developments, R O Jewels has experienced an adjustment in its evaluation, with the score moving to -6 from -15 over the last three months.

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