Press Release on audited Financial Results for 31.03.2025
Awaiting price reaction for this filing.
Narbada Gems and Jewellery Limited announced its audited financial results for Q4 FY2025. Total income rose modestly to ₹8,563.52 lakhs from ₹8,462.07 lakhs in Q4 FY2024, a YoY growth of 1.20%, largely driven by higher gold prices. However, Profit After Tax slipped to ₹488.76 lakhs from ₹508.48 lakhs, down 3.88%, and EPS dipped to ₹2.31 from ₹2.40. Management attributed weaker sales growth to rising competition from lab-grown diamonds. The company is currently in the process of amalgamation with Uday Jewellery Industries Ltd, which is expected to broaden its product range once completed.
Marginal revenue growth with a slight earnings decline suggests the company is facing industry headwinds from lab-grown diamonds, but the pending amalgamation with Uday Jewellery Industries could be a future growth catalyst. Shareholders may view the results as mixed in the short term, with the merger being the key thing to watch.