RO Jewels Ltd Announces Excellent Q 4 results

RO Jewels Ltd. Reports stellar Earnings for Q4 & FY23, FY23 Revenue Jumps 918% YoY

RO Jewels Ltd. (BSE: 543171), a leader in gems and jewelry industry, has announced stellar earnings for fourth quarter and year ended 31 March 2023.

FY23 Financial Highlights:
• Revenue Jumped 918% YoY, from Rs. 46.79 Cr (FY22) to Rs. 506.52 Cr (FY23)
• EBITDA rose 1013% YoY
• PAT grew 1047% YoY

Q4FY23 Financial Highlights:
• Revenue Jumped 1345% YoY, from Rs. 33.98 Cr (Q4FY22) to Rs. 491.25 Cr (Q4FY23)
• PAT grew 2414%

RO Jewels Ltd. (BSE: 543171), a leader in gems and jewelry industry, is actively involved in the wholesale trade of gold and silver chains. Its primary focus is on offering a range of gold-based chains, bracelets, gold/silver bars, and necklaces. The company exclusively acquires ready-made chains and other jewelry items from established jewelry manufacturers and independent wholesalers located in Ahmedabad and Mumbai. Notably, the company’s jewelry products are predominantly distributed throughout Gujarat, employing a combination of B2B marketing and direct/outbound marketing strategies. The company boasts a diverse and extensive portfolio.

The corporate history of the company showcases a competitive comparison with its industry peers, showcasing its exceptional performance and commendable results. The company prioritizes responsible sourcing of materials, ensuring that its gold and silver chains are procured from trusted suppliers who adhere to ethical standards. By prioritizing ethical growth and responsible behavior, the company aims to create sustainable value for all its stakeholders while making a positive impact on the industry and society as a whole. For the quarter ended 31 March, 2023, FPI stake in RO Jewels Ltd. stood at 755000 shares.