Uday Jewellery Industries shows positive trends in sales and profits for Q4 2023

Uday Jewellery Industries, a microcap company in the jewellery industry, has recently declared its financial results for the quarter ending December 2023. According to the latest report, the company has shown a flat performance in this quarter, with a score of 4 out of 10, which is an improvement from the previous score of 0 in the last 3 months.

Despite the flat performance, there are some positive aspects to note from the financials of Uday Jewellery. The company's net sales for the quarter were the highest in the last five quarters, standing at Rs 54.65 crore. This shows a positive trend in the near term for the company's sales. Additionally, the net sales have grown by 22.34% year on year, indicating a positive growth trend.

The operating profit (PBDIT) for the quarter was also the highest in the last five quarters, at Rs 4.25 crore. This shows a positive trend in the near term for the company's operating profit. Similarly, the profit before tax less other income (PBT) for the quarter was also the highest in the last five quarters, at Rs 3.76 crore. This also indicates a positive trend in the near term for the company's PBT.

Based on these financial results, MarketsMOJO has given a 'Hold' call for Uday Jewellery's stock. While the company's performance may not be outstanding, the positive trends in sales and profits show potential for growth in the near future. Investors are advised to keep an eye on the company's performance in the coming quarters.