Swarnsarita Jewels India's Financial Results Show Mixed Performance in Q1 FY25
Swarnsarita Jewels India, a microcap company in the jewellery industry, has recently declared its financial results for the quarter ending June 2024. According to the latest report, the company has seen a flat performance in the quarter, with a slight improvement in its overall score.
One of the positive aspects of Swarnsarita Jewels India’s financials is its debt-equity ratio, which has been consistently decreasing over the past five half-yearly periods. This indicates that the company has been reducing its borrowing in comparison to its equity capital.
However, the company’s interest costs have been on the rise, growing by 27.79% over the preceding nine months period. This could be a cause for concern as it signifies increased borrowings.
Moreover, the net sales for the quarter have fallen by 8.7% compared to the average net sales of the previous four quarters. This indicates a negative trend in the near term for the company’s sales.
Based on these financials, MarketsMOJO has given a ‘Sell’ call for Swarnsarita Jewels India’s stock. Investors are advised to carefully consider these factors before making any investment decisions.
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