Evexia Lifecare Reports Strong Net Sales Growth in Q1 FY25, Despite Decline in Profitability

Aug 10 2024 10:32 AM IST
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Evexia Lifecare, a microcap company in the lubricants industry, has reported a positive performance in the quarter ending June 2024, with a significant growth in net sales of 50.9%. However, the company's profit after tax has declined by -23.8%. Despite this, Evexia Lifecare remains a key player in the industry and has been given a 'Hold' call by MarketsMojo.

Evexia Lifecare, a microcap company in the lubricants industry, has recently announced its financial results for the quarter ending June 2024. The company’s stock has been given a ‘Hold’ call by MarketsMOJO.

According to the financial report, Evexia Lifecare has shown positive performance in the quarter, with a score of 10 compared to 13 in the previous quarter. This indicates a slight decline, but the company’s net sales have seen a significant growth of 50.9% at Rs 21.23 crore, compared to the average net sales of the previous four quarters at Rs 14.07 crore. This shows a strong and positive sales trend in the near term.


However, the company’s profit after tax (PAT) for the quarter has fallen by -23.8% at Rs 0.24 crore, compared to the average PAT of the previous four quarters at Rs 0.32 crore. This indicates a negative trend in the near term for the company’s profitability.


Despite the decline in PAT, Evexia Lifecare’s strong net sales growth is a positive sign for the company’s future performance. The company remains a key player in the lubricants industry and continues to strive for growth and success. Investors are advised to hold their positions in the company’s stock, as per the recommendation by MarketsMOJO.


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