Veer Energy Reports Positive Financial Results for Q2 FY25

Veer Energy & Infrastructure, a microcap company in the power generation and distribution industry, has recently announced its financial results for the quarter ending September 2024. The company’s stock has been given a ‘Sell’ call by MarketsMOJO.

Despite this, Veer Energy has shown positive financial performance in the second quarter of the fiscal year 2024-2025. In the last three months, the company’s score has improved from 4 to 15.

One of the key factors contributing to this improvement is the growth in net sales, which has increased by 265.33% year on year to reach Rs 5.48 crore in the first half of the year. This is a very positive trend for the company.

In terms of operating profit, Veer Energy has achieved its highest quarterly figure of Rs 0.33 crore in the last five quarters. This indicates a positive trend in the near term for the company’s operating profit.

Similarly, the company’s profit before tax less other income (PBT) has also shown a positive trend, reaching its highest quarterly figure of Rs 0.15 crore in the last five quarters. This is a good sign for the company’s profitability in the near future.

Veer Energy’s profit after tax (PAT) has also seen a positive trend, with its highest quarterly figure of Rs 0.43 crore in the last five quarters. This indicates that the company is creating higher earnings for its shareholders.

Overall, Veer Energy’s financial results for the quarter ending September 2024 show a positive trend in terms of sales, operating profit, PBT, and PAT. This is a promising sign for the company’s future performance and growth.