Radhika Jeweltec Reports Strong Q2 Results, Receives 'Hold' Call from MarketsMOJO

Radhika Jeweltec, a smallcap company in the diamond and gold jewellery industry, has recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Hold' call by MarketsMOJO.

According to the financial report, Radhika Jeweltec has shown a positive performance in the second quarter of the fiscal year 2024-2025. The company's score has improved from 4 to 8 in the last 3 months.

One of the key factors contributing to this positive performance is the growth in Profit Before Tax less Other Income (PBT) which has increased by 50.43% year on year to Rs 17.69 crore. The near-term trend for PBT is also very positive. Similarly, the company's Net Sales have also shown a growth of 23.35% year on year to Rs 131.48 crore, with a positive trend in the near term. The Profit After Tax (PAT) has also increased by 23.5% year on year to Rs 10.58 crore, with a positive trend in the near term.

Overall, Radhika Jeweltec has shown a strong financial performance in the second quarter of FY24-25, which is reflected in its improved score and positive trends in key financial indicators. Investors are advised to hold onto their stocks in the company, as suggested by MarketsMOJO.