RBZ Jewellers Ltd Announces Q1 Financial Results, Mixed Performance with Positive PBT and PAT Trends

Aug 14 2024 11:58 PM IST
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RBZ Jewellers Ltd, a microcap company in the jewellery industry, has announced its financial results for the quarter ending March 2024. While there has been a positive trend in PBT and PAT, with a growth of 62.0% and 59.2% respectively, net sales have fallen by -7.0%. Investors should monitor the company's future performance.
RBZ Jewellers Ltd, a microcap company in the jewellery industry, has recently announced its financial results for the quarter ending March 2024. The results, declared on August 14, 2024, have received a 'Sell' call from MarketsMOJO.

According to the financials, RBZ Jewellers Ltd has shown a flat performance in the quarter of June 2024. However, there has been an improvement in the overall score, which has increased from -10 to 5 in the last three months.

The company's profit before tax less other income (PBT) for the quarter has grown by 62.0% to Rs 11.94 crore, compared to the average PBT of the previous four quarters, which was Rs 7.37 crore. This indicates a very positive trend in the near term. Similarly, the profit after tax (PAT) for the quarter has also shown a growth of 59.2% to Rs 9.08 crore, compared to the average PAT of the previous four quarters, which was Rs 5.71 crore. This also reflects a very positive trend in the near term.

RBZ Jewellers Ltd has also achieved its highest PBT and PAT in the last five quarters, at Rs 11.94 crore and Rs 9.08 crore respectively. However, the net sales for the quarter have fallen by -7.0% to Rs 82.41 crore, compared to the average net sales of the previous four quarters, which was Rs 88.64 crore. This indicates a negative trend in the near term.

Overall, RBZ Jewellers Ltd has shown a mixed performance in the quarter ending March 2024, with positive trends in PBT and PAT, but a negative trend in net sales. Investors should keep a close eye on the company's future financial results to make informed decisions.
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