Radhika Jeweltec's Q1 FY25 financial results show decline in sales and profits
Radhika Jeweltec, a microcap company in the jewellery industry, recently declared its financial results for the quarter ending June 2024. According to the report released on August 13, 2024, the company’s stock has been given a ‘Hold’ call by MarketsMOJO.
The financial performance of Radhika Jeweltec for the quarter has been flat, with a score of 4 compared to 23 in the previous three months. This indicates a decline in the company’s performance.
One of the major factors contributing to this decline is the net sales, which have fallen by 13.28% year on year, standing at Rs 93.74 crore. This is the lowest net sales in the last five quarters, and the near-term trend is also negative.
The company’s profit after tax (PAT) for the quarter has also seen a decline of 5.4% year on year, standing at Rs 13.09 crore. The near-term trend for PAT is also negative.
Based on these financials, it is evident that Radhika Jeweltec has not performed well in the quarter ending June 2024. Investors are advised to hold their stocks and monitor the company’s performance closely in the coming months.
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