PNGS Gargi Fashion Jewellery Q1 Results Revenue Up 189.02% QoQ and 581.28% YoY

PNGS Gargi Fashion Jewellery Q1 Results: The financial results for PNGS Gargi Fashion Jewellery for the first quarter of 2024 show remarkable growth compared to previous periods. Total Revenue surged to ₹44.45 crores, a huge increase of 581.28% year-over-year (YoY) from ₹6.52 crores last year and a significant 189.02% increase quarter-on-quarter (QoQ) from ₹7.09 crores in the previous quarter. This shows the company's strong revenue growth year-over-year.

PNGS Gargi Fashion Jewellery’s Operating Income also saw an impressive rise, reaching ₹14.06 crores, which is 937.71% higher YoY compared to ₹1.35 crores in the same quarter last year. This is a substantial 359.12% increase QoQ from ₹1.77 crores in the previous quarter. The Net Income followed a similar trend, climbing to ₹10.46 crores. This represents a 720.24% increase YoY from ₹1.27 crores last year and a 645.29% increase compared to ₹1.38 crores in the previous quarter.

PNGS Gargi Fashion Jewellery’s Expenses, like Selling/General/Admin Expenses, and Depreciation/Amortization, increased, but they were still manageable compared to the growth in revenue and income. Overall, PNGS Gargi Fashion Jewellery showed strong year-over-year performance with significant gains in revenue and profitability, reflecting its excellent financial health and growth.

Here’s a summary of PNGS Gargi Fashion Jewellery's Q1 financial results:

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PNGS Gargi Fashion Jewellery Q1 Results

Here is a summary of the unaudited financial results for PNGS Gargi Fashion Jewellery Limited for the quarter ending June 30, 2024, compared with the previous periods:

The PNGS Gargi Fashion Jewellery report for the quarter ending June 30, 2024, shows the company’s financial performance. The company earned ₹4,445.16 lakhs from its business operations, and with an additional ₹1.06 lakhs from other sources, the total income reached ₹4,446.22 lakhs. The company spent ₹977.76 lakhs on purchasing stock, ₹1,863.91 lakhs on changing inventories, and had other costs like employee salaries and finance charges. Overall, the total expenses amounted to ₹3,043.60 lakhs. This left the company with a profit before tax of ₹1,402.62 lakhs.

PNGS Gargi Fashion Jewellery paid ₹354.94 lakhs in current taxes and ₹1.88 lakhs in deferred taxes, totaling ₹356.82 lakhs in taxes. After these taxes, the profit was ₹1,045.80 lakhs. For other comprehensive income, the company reported a small loss of ₹0.01 lakhs. Adding this to the profit, the total comprehensive income was ₹1,045.79 lakhs. Each share of the company earned ₹10.86, and there were 9,628,003 shares with a face value of ₹10 each. The report compares these results with previous periods, showing significant improvement in revenue and profit.

PNGS Gargi Fashion Jewellery Financial Metrics

The PNGS Gargi Fashion Jewellery table provides a detailed overview of the company's financial performance. It lists the market capitalization, which is the total value of the company’s shares, currently at ₹847 Crores. The current stock price is ₹880, with a high of ₹1,064 and a low of ₹238 in recent times. The Price-to-Earnings (P/E) ratio is 48.0, indicating how much investors are willing to pay for each rupee of earnings.

Here is the information in a table format:

Quarterly Results 

For PNGS Gargi Fashion Jewellery, the financial results for Dec 2023, Mar 2024, and Jun 2024 show a significant increase in sales and profits. In Dec 2023, the company reported sales of Rs. 18 crores with a profit of Rs. 3 crores. By Mar 2024, sales decreased slightly to Rs. 15 crores, and net profit fell to Rs. 2 crores. However, by Jun 2024, the company saw a substantial boost in sales to Rs. 44 crores and net profit increased to Rs. 10 crores. 

Here are the financial results for Dec 2023, Mar 2024, and Jun 2024:

About PNGS Gargi Fashion Jewellery 

PNGS Gargi Fashion Jewellery is a company dedicated to creating beautiful and unique jewellery. We believe that jewellery is more than just an accessory; it has the power to tell a story and highlight your personality. Our mission is to design jewellery that not only enhances your look but also connects with who you are.

At Gargi, we focus on crafting pieces that are original and special, just like you. We understand how important jewellery is for marking special occasions and expressing your personal style. That's why we put great care into designing every piece, ensuring that it is both beautiful and meaningful.

PNGS Gargi Fashion Jewellery goal is to make jewellery that is accessible and appreciated by everyone. We want to provide stunning jewellery that fits any occasion, whether it's a daily wear or a special event. Gargi is our way of honoring the younger generation by offering pieces that are bold, charming, and reflective of their unique style. Through our work, we hope to bring out the best in each individual and celebrate their distinctive qualities.