Uday Jewellery Industries Announces Q1 Financial Results, Net Sales Up 21.28%
Uday Jewellery Industries, a microcap company in the jewellery industry, has reported its financial results for the quarter ending March 2024. While the company's net sales have shown a positive growth of 21.28%, its profit after tax has declined by 47.35% year on year. The company's performance will be closely watched by investors.
Uday Jewellery Industries, a microcap company in the jewellery industry, has recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Sell' call by MarketsMOJO.
According to the financial report, Uday Jewellery has shown a flat performance in the quarter, with a slight improvement in its score from -13 to -4 in the last 3 months. However, there are some positive and negative aspects to the company's financials.
On the positive side, the company's net sales for the quarter have grown by 21.28% year on year, reaching Rs 41.49 crore. This indicates a positive trend in the near term for the company's sales.
On the other hand, the company's profit after tax (PAT) for the half-yearly period has shown a decline of 47.35% year on year, with a total of Rs 2.68 crore. This suggests a very negative trend in the near term for the company's profits.
Despite the mixed financial results, Uday Jewellery Industries remains a player in the jewellery industry and its performance will continue to be closely monitored by investors.
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