Vasudhagama Enterprises Reports Strong Financial Performance in Q1 2024

Aug 13 2024 11:26 AM IST
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Vasudhagama Enterprises, a microcap finance company, has reported a positive financial performance in the quarter ended March 2024. The company's net sales have increased by 567.33% year on year, with growth in operating profit and profitability. This reflects its strong position in the finance/NBFC industry.
Vasudhagama Enterprises, a microcap finance company, has recently announced its financial results for the quarter ended March 2024. The company has shown a positive performance in this quarter, with a score of 16 compared to 9 in the previous quarter.

One of the key highlights of the financial report is the significant growth in net sales, which has increased by 567.33% year on year to reach Rs 10.01 crore. This is a very positive trend for the company and shows its strong sales performance.

The operating profit (PBDIT) for the quarter is also at its highest at Rs 0.62 crore, and has shown growth in each of the last five quarters. This indicates a positive trend in the near term for the company's operating profit.

Similarly, the profit before tax (PBT) less other income has also shown a positive trend, with the highest at Rs 0.58 crore for the quarter and growth in each of the last five quarters. This is a good sign for the company's profitability in the near term.

The profit after tax (PAT) for the quarter is also at its highest at Rs 0.43 crore, with growth in each of the last five quarters. This shows a positive trend in the near term for the company's overall profitability.

In addition, the company's net sales for the half-yearly period are higher at Rs 10.01 crore compared to the previous 12-month period ended in June 2024. This indicates a strong sales performance for the company in the first half of the year.

Furthermore, the earnings per share (EPS) for the quarter is at its highest at Rs 0.25 in the last five quarters. This shows an increasing profitability for the company and higher earnings for its shareholders.

Overall, Vasudhagama Enterprises has shown a positive financial performance in the quarter ended March 2024, with strong growth in net sales, operating profit, and profitability. This is a good sign for the company's future and reflects its strong position in the finance/NBFC industry as a microcap company.
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