Darshan Orna's Q3 Financial Results Show Positive Growth and Strong Sales Performance

Darshan Orna, a microcap company in the jewellery industry, has recently announced its financial results for the quarter ending December 2023. The company's stock has been given a 'Sell' call by MarketsMOJO.

Despite this, the company has shown positive financial performance in the quarter, with its score improving from 1 to 12 in the last 3 months. This is a significant improvement and indicates that the company is on the right track.

One of the key factors contributing to this positive performance is the growth in net sales. In the half-yearly period, the company's net sales stood at Rs 14.30 crore, showing a growth of 88.90% compared to the same period last year. This is a very positive trend and shows that the company is able to generate higher sales.

Moreover, the company's net sales in the half-yearly period were higher than the preceding 12-month period, which stood at Rs 11.59 crore. This indicates that the company has already surpassed its sales from the previous year in just six months.

Another impressive aspect of Darshan Orna's financials is its Profit After Tax (PAT). In the half-yearly period, the company's PAT stood at Rs 1.31 crore, which is significantly higher than the preceding 12-month period of Rs 0.02 crore. This means that in just six months, the company has already exceeded its PAT from the previous year.

Overall, Darshan Orna's financial results for the quarter ending December 2023 show a positive trend and indicate that the company is performing well. Investors should keep an eye on this microcap company in the jewellery industry.