S.M. Gold's Q1 FY25 Financial Report Shows Mixed Results, Net Sales Up 52.71%

Jul 22 2024 09:01 PM IST
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S.M. Gold, a microcap jewellery company, reported its financial results for the quarter ending June 2024. While net sales for the half-yearly period showed a strong growth of 52.71%, the company's operating profit and margin were at their lowest in the last five quarters. Earnings per share also decreased, indicating a mixed performance for the quarter.

S.M. Gold, a microcap jewellery company, recently announced its financial results for the quarter ending June 2024. The company’s stock has been given a ‘Sell’ call by MarketsMOJO.

According to the financial report, S.M. Gold’s performance has remained flat in the last quarter, with a score of 5 compared to 16 in the previous three months. However, there are some positive aspects to the company’s financials.


One of the highlights is the net sales for the half-yearly period, which have grown by 52.71% year on year, reaching Rs 58.58 crore. This indicates a strong sales trend in the near term.


On the other hand, there are some areas of concern for S.M. Gold. The company’s operating profit (PBDIT) for the quarter was at its lowest in the last five quarters, at Rs -0.20 crore. This shows a negative trend in the near term. Additionally, the operating profit margin for the quarter was also at its lowest in the last five quarters, at -0.86%. This suggests a decline in the company’s efficiency.


Furthermore, the earnings per share (EPS) for the quarter were at their lowest in the last five quarters, at Rs -0.35. This indicates a decrease in profitability and lower earnings for shareholders.


Overall, S.M. Gold’s financial performance for the quarter ending June 2024 has been mixed, with some positive and negative aspects. Investors may want to carefully consider these factors before making any decisions regarding the company’s stock.


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