Q4 Results: Vaibhav Jewellers PAT up 40% YoY

Manoj Vaibhav Gems 'N' Jewellers Limited has announced its earnings for the fourth quarter of the financial year 2024. According to an exchange filing, the company's net profit surged nearly 40 per cent on a year-on-year (YoY) basis to 20.5 crore. The company had reported a net profit of Rs 14.8 crore in the same quarter a year ago. 

According to an exchange filing, the revenue from operations in the reporting quarter came in at Rs 54.6 crore. This was a 6 per cent jump from Rs 51.6 crore reported in the March quarter of FY2023. 

The total income in the fourth quarter of FY2024 stood at Rs 55.09 crore. The total income in the quarter under review increased to Rs 31.51 crore as compared to Rs 29.96 crore reported in the corresponding period.

For the full FY2024, Manoj Vaibhav Gems cocked a net profit of Rs 80.9 crore. The company's total assets as of March 31, 2024, stood at Rs 1,399.2 crore.