Bhakti Gems & Jewellery Reports Decline in Financial Performance for Q1 2024
Bhakti Gems & Jewellery, a microcap company in the jewellery industry, has recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Sell' call by MarketsMOJO.
According to the financial report, Bhakti Gems has seen a negative performance in the quarter, with a score of -8 compared to 2 in the previous quarter. This decline can be attributed to various factors.
One of the major concerns for the company is its net sales, which have fallen by 54.67% year on year, standing at Rs 7.33 crore. This is the lowest net sales the company has seen in the last five quarters, indicating a negative trend in the near term.
The operating profit (PBDIT) for the quarter is also at its lowest in the last five quarters, standing at Rs 0.10 crore. This shows a negative trend in the company's operating efficiency.
The operating profit margin for the quarter is also at its lowest in the last five quarters, at 1.36%. This indicates a decline in the company's efficiency.
Furthermore, the profit before tax less other income (PBT) for the quarter is at its lowest in the last five quarters, standing at Rs 0.08 crore. This shows a negative trend in the company's profitability.
The earnings per share (EPS) for the quarter is also at its lowest in the last five quarters, at Rs 0.05. This indicates a decline in the company's profitability and lower earnings for shareholders.
Overall, the financial results for the quarter ending March 2024 have not been favorable for Bhakti Gems & Jewellery. Investors are advised to take note of these negative trends and make informed decisions regarding their investments in the company's stock.
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