Lypsa Gems Records Impressive Growth 116.82% YoY Net Sales – 8.40 Crore

Lypsa Gems and Jewellery has reported their consolidated quarterly numbers, showcasing significant growth in net sales. In March 2023, the company achieved net sales of Rs. 8.40 crore, reflecting a remarkable increase of 116.82% compared to March 2022 when it was Rs. 3.87 crore.

However, there was a substantial quarterly net loss, amounting to Rs. 44.22 crore in March 2023, down by 320300% from March 2022 when it was Rs. 0.01 crore.

The EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) for March 2023 stood negative at Rs. 44.14 crore, showing a decrease of 147233.33% from March 2022 when it was Rs. 0.03 crore.

It is worth mentioning that Lypsa Gems’ shares closed at 4.20 on June 02, 2023, on the National Stock Exchange (NSE). Over the last six months, the shares have experienced a negative return of -31.71%, while over the past 12 months, the return has been -23.64%.

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