Swasti Vinayaka Art reports flat performance in Q1 FY25, net sales show positive growth
Swasti Vinayaka Art & Heritage Corporation, a microcap company in the miscellaneous industry, has recently declared its financial results for the quarter ending June 2024. The results, released on August 9, 2024, have received a ‘Sell’ call from MarketsMOJO.
According to the financials, Swasti Vinayaka Art has shown a flat performance in the quarter, with a score of 4, which is an improvement from the previous quarter’s score of -3. The company’s net sales for the half-yearly period have grown by 44.24% year on year, reaching Rs 8.51 crore. This indicates a positive trend in the company’s sales.
However, the operating profit for the quarter, at Rs 0.37 crore, is the lowest in the last five quarters. This suggests a negative trend in the near term for the company’s operating profit.
Despite the mixed financial performance, Swasti Vinayaka Art remains a microcap company in the miscellaneous industry. It is important for investors to carefully consider all aspects of the company before making any investment decisions.
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