R O Jewels Reports Significant Decline in Financial Performance for Q1 2024
R O Jewels, a microcap company in the jewellery industry, has reported a significant decline in its financial performance for the quarter ending March 2024. The company's stock has been given a 'Strong Sell' rating by MarketsMojo due to a decrease in profit after tax and net sales. Investors are advised to exercise caution.
R O Jewels, a microcap company in the jewellery industry, has recently declared its financial results for the quarter ending March 2024. The company's stock has been given a 'Strong Sell' rating by MarketsMOJO.
According to the financial report, R O Jewels has seen a significant decline in its performance, with a score of -24 compared to 3 in the previous quarter. This decline can be attributed to various factors, including a decrease in profit after tax (PAT) and net sales.
The company's half-yearly PAT has shown a decline of -85.47% year on year, indicating a negative trend in the near term. Similarly, the quarterly net sales have fallen by -71.1% compared to the average of the previous four quarters. This trend is also expected to continue in the near future.
R O Jewels' operating profit (PBDIT) for the quarter is at its lowest at Rs -1.32 crore and has been declining for the past five quarters. The same can be seen for the profit before tax (PBT) less other income, which has also been consistently falling in the last five quarters.
The company's earnings per share (EPS) for the quarter is at its lowest at Rs -0.64, indicating a decline in profitability and lower earnings for shareholders.
Overall, R O Jewels' financial performance for the quarter ending March 2024 has been very negative. Investors are advised to exercise caution while considering this stock for investment.
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