Motisons Jewellers Reports Strong Q2 Results, Positive Trends in Key Financial Indicators

Nov 05 2024 04:48 PM IST
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Motisons Jewellers, a smallcap company in the diamond and gold jewellery industry, has reported positive financial results for the quarter ending September 2024. The company's operating profit to interest ratio has improved to 9.13 times, while its profit before tax and profit after tax have also seen significant growth. This indicates a positive trend in the company's financial performance.
Motisons Jewellers, a smallcap company in the diamond and gold jewellery industry, has recently announced its financial results for the quarter ending September 2024. The stock has been given a 'Hold' call by MarketsMOJO.

According to the financials, Motisons Jewellers has shown a positive performance in the second quarter of the fiscal year 2024-2025. The company's score has improved from -5 to 13 in the last three months.

One of the key factors contributing to this positive performance is the company's operating profit to interest ratio, which is the highest it has been in the last five quarters at 9.13 times. This indicates that Motisons Jewellers is effectively managing its interest payments.

Additionally, the company's profit before tax (PBT) less other income has also seen a significant increase, reaching Rs 15.02 crore in the last quarter. This is the highest PBT in the last five quarters and shows a positive trend in the near term.

Furthermore, the PBT has grown at a rate of 32.8% over the average of the previous four quarters, which was Rs 11.31 crore. This further highlights the positive trend in the company's financial performance.

Similarly, the profit after tax (PAT) has also shown a growth of 24.8% over the average of the previous four quarters, reaching Rs 10.40 crore in the last quarter. This indicates a positive trend in the near term for the company's PAT.

Overall, Motisons Jewellers has shown a strong financial performance in the second quarter of the fiscal year 2024-2025, with positive trends in key financial indicators. This is a promising sign for the company and its investors.
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