How has been the historical performance of Pushpa Jewellers?
Pushpa Jewellers has shown significant growth in the fiscal year ending March 2024, with net sales increasing to 255.34 crore from 165.80 crore, and profit after tax rising to 13.58 crore from 8.14 crore. The company also improved its operating profit margin and reserves, indicating strong overall financial performance.
Answer:The historical performance of Pushpa Jewellers shows significant growth in various financial metrics over the past year.Breakdown:
In the fiscal year ending March 2024, Pushpa Jewellers reported net sales of 255.34 crore, a substantial increase from 165.80 crore in March 2023. The total operating income mirrored this growth, reaching 255.34 crore compared to 165.80 crore the previous year. However, total expenditure also rose to 235.40 crore from 152.94 crore, primarily driven by an increase in raw material costs, which escalated to 223.88 crore from 147.43 crore. Despite higher costs, the operating profit (PBDIT) increased to 20.09 crore from 12.90 crore, resulting in an operating profit margin of 7.81%, slightly up from 7.76%. Profit before tax rose to 18.16 crore from 11.91 crore, and profit after tax saw a notable increase to 13.58 crore from 8.14 crore, leading to a PAT margin of 5.32%, up from 4.91%. The company's reserves grew significantly to 35.84 crore from 22.27 crore, and earnings per share improved to 7.29 from 4.37. On the balance sheet, total assets increased to 91.10 crore from 51.46 crore, while total liabilities also rose to 91.10 crore from 51.46 crore, indicating a balanced growth in both assets and liabilities. Cash flow from financing activities turned positive at 11.00 crore, contrasting with a negative 7.00 crore in the previous year, contributing to a net cash inflow of 1.00 crore, up from 1.00 crore in March 2023. Overall, Pushpa Jewellers has demonstrated strong financial performance with significant growth in sales, profits, and reserves.
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