Bhakti Gems Reports Q3 FY24-25 Results, Highlighting Sales Growth Amid Margin Challenges

Feb 08 2025 10:09 AM IST
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Bhakti Gems & Jewellery has announced its financial results for Q3 FY24-25, showcasing net sales of Rs 40.84 crore, the highest in five quarters and a year-on-year growth of 33.33%. However, the company faces challenges with a declining operating profit margin of 0.49%, the lowest in the same period.
Bhakti Gems & Jewellery, a microcap player in the diamond and gold jewellery industry, has recently reported its financial results for the quarter ending December 2024. The results indicate a stable financial performance for Q3 FY24-25, with net sales reaching Rs 40.84 crore, marking the highest figure in the last five quarters and reflecting a year-on-year growth of 33.33%. This positive sales trend suggests a favorable near-term outlook for the company.

However, the financial results also reveal challenges for Bhakti Gems. The operating profit margin has been recorded at 0.49%, the lowest in the past five quarters, indicating a decline in the company's operational efficiency.

In light of these developments, there has been an adjustment in the evaluation of Bhakti Gems, with the score moving to 1 from -3 over the last three months. This revision reflects the ongoing shifts in the company's financial landscape.

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