Uday Jewellery Industries Reports Significant Sales Growth and Improved Financial Metrics

Mar 17 2025 10:37 AM IST
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Uday Jewellery Industries has reported a substantial increase in net sales, reaching Rs 98.92 crore for the quarter ending December 2024, alongside improved profitability metrics. The company maintains a low debt-to-equity ratio and a solid return on capital employed, reflecting strong financial health and growing promoter confidence.
Uday Jewellery Industries, a microcap player in the diamond and gold jewellery sector, has recently undergone an evaluation adjustment reflecting its financial standing. The company reported a significant growth in net sales, achieving Rs 98.92 crore for the quarter ending December 2024, marking an increase of 81.01%. This surge in sales is complemented by a notable performance in profitability metrics, with PBDIT reaching Rs 6.27 crore and PBT less other income at Rs 5.60 crore, both at their highest levels.

The company's financial health is underscored by a low debt-to-equity ratio of 0.32 times, indicating a manageable level of debt relative to equity. Additionally, Uday Jewellery Industries has demonstrated a return on capital employed (ROCE) of 11.4%, suggesting an attractive valuation in comparison to its peers. The stock's technical indicators have shifted positively, moving from a mildly bearish to a mildly bullish range, reflecting a change in market sentiment.

Promoter confidence has also seen a rise, with an increase in their stake by 0.69% over the previous quarter, now holding 74.46% of the company. This trend signals a strong belief in the company's future prospects.

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