Zodiac-JRD MKJ Reports Strong Financial Performance in Q2 of FY 2024-2025

Zodiac-JRD MKJ, a microcap company in the diamond and gold jewellery industry, recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Sell' call by MarketsMOJO.

Despite the negative outlook from MarketsMOJO, Zodiac-JRD MKJ has shown positive financial performance in the second quarter of the fiscal year 2024-2025. In the last three months, the company's score has improved from -3 to 9.

The company's net sales for the half-yearly period have grown by 61.86% year on year, reaching Rs 12.69 crore. This is a very positive trend for the near future. Additionally, the net sales for the half-yearly period are higher than the preceding 12 months, indicating a strong growth trajectory.

Zodiac-JRD MKJ has also shown improvement in its profitability, with a profit after tax (PAT) of Rs 0.32 crore for the half-yearly period, compared to a loss of Rs 1.37 crore in the preceding 12 months. This shows that the company has already surpassed its PAT for the previous 12 months in just half a year.

However, the company's cash and cash equivalents for the half-yearly period are at their lowest in the last six periods, at Rs 0.15 crore. This indicates a deteriorating short-term liquidity for the company.

Overall, Zodiac-JRD MKJ has shown promising financial results for the quarter ending September 2024, with strong growth in net sales and profitability. However, investors should also consider the company's low cash reserves before making any investment decisions.