Golkunda Diamonds Reports 369.52% Net Profit Growth Amid Strong Sales Performance

Golkunda Diamonds & Jewellery, a microcap player in the diamond and gold jewellery industry, has recently undergone an evaluation adjustment reflecting its financial standing. The company reported a remarkable net profit growth of 369.52% for the quarter ending December 2024, showcasing a strong performance trajectory. This marks the fifth consecutive quarter of positive results, indicating a consistent upward trend in its financial health.
In terms of sales, Golkunda Diamonds achieved net sales of Rs 130.63 crore, representing a growth rate of 37.65%. The return on capital employed (ROCE) reached a notable 20.83%, highlighting the company's effective utilization of capital. Additionally, the profit before tax, excluding other income, stood at Rs 6.36 crore, reflecting a growth of 60.1% for the quarter.

Despite some challenges, including a high debt-to-EBITDA ratio of 3.11 times, Golkunda Diamonds maintains a favorable valuation with a PEG ratio of 0.1. The stock has generated a return of 10.58% over the past year, outperforming the BSE 500 index consistently over the last three years.

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