Vaxfab Enterprises Reports Mixed Financial Results for Q1 FY25, PAT Shows Positive Growth
Vaxfab Enterprises, a microcap trading company, has recently announced its financial results for the quarter ending March 2024. The results, declared on August 8, 2024, have received a ‘Strong Sell’ call from MarketsMOJO.
According to the financial report, Vaxfab Enterprises has shown a flat performance in the quarter ending June 2024. However, there has been a significant improvement in the company’s score, which has increased from -1 to 1 in the last three months.
One of the key highlights of the financial report is the company’s Profit After Tax (PAT) for the half-yearly period. The PAT for the first six months of 2024 stands at Rs 1.20 crore, which is higher than the preceding 12-month period ending June 2024, which was Rs 0.35 crore. This indicates a positive growth trend for Vaxfab Enterprises.
On the other hand, the company’s Operating Cash Flow for the year ending June 2024 has been reported as the lowest in the last three years at Rs -7.30 crore. This suggests a decline in the company’s cash revenues from business operations.
Despite the mixed financial performance, Vaxfab Enterprises remains a microcap player in the trading industry. The company’s financial results for the quarter ending March 2024 provide valuable insights for investors and stakeholders to make informed decisions.
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