PNGS Gargi Fashion Jewellery Reports Strong Growth Amidst Slight Promoter Stake Reduction

PNGS Gargi Fashion Jewellery, a small-cap player in the diamond and gold jewellery industry, has recently undergone an evaluation adjustment. The company has reported very positive financial performance for the third quarter of FY24-25, showcasing significant growth across various metrics. Notably, net sales have increased at an annual rate of 112.80%, while operating profit has surged by 146.73%. The net profit also reflects a robust growth of 79.76%, contributing to a series of positive results over the last seven consecutive quarters.
In terms of specific quarterly performance, net sales reached Rs 36.24 crore, marking a growth of 44.2%. Profit before tax, less other income, stood at Rs 11.32 crore, growing by 62.2%, and profit after tax was reported at Rs 9.15 crore, reflecting a growth of 73.8%.

Despite the overall market performance, PNGS Gargi Fashion Jewellery has outperformed, generating returns of 80.09% over the past year. However, a slight reduction in promoter confidence is noted, with a decrease in their stake by 0.62% in the previous quarter.

For more insights, you can Discover the Latest Mojo Score and Financial Trend Performance - SignUp in less than 2 Minutes and get FREE Premium Access.