Veeram Securities Reports Strong Financial Performance in Q1 FY25 Despite Negative Stock Call

Veeram Securities, a microcap company in the jewellery industry, has recently announced its financial results for the quarter ending March 2024. The results, declared on August 13, 2024, have received a ‘Strong Sell’ rating from MarketsMOJO.

Despite the negative stock call, Veeram Securities has shown positive financial performance in the quarter. In fact, the company’s score has improved from 10 to 18 in the last three months, indicating a positive trend.

One of the key factors contributing to this improvement is the company’s net sales, which have grown by 83.16% year on year to reach Rs 13.92 crore in the first half of the year. This shows a strong and consistent growth in sales for Veeram Securities.

Moreover, the company’s profit after tax (PAT) has also seen a significant increase of 107.29% year on year, reaching Rs 1.99 crore in the first half of the year. This positive trend in PAT highlights the company’s ability to generate higher profits for its shareholders.

In terms of earnings per share (EPS), Veeram Securities has recorded its highest figure of Rs 0.13 in the last five quarters. This indicates a continuous improvement in the company’s profitability and its commitment to creating value for its shareholders.

Overall, Veeram Securities has shown strong financial performance in the quarter ending March 2024, with positive trends in net sales, PAT, and EPS. While the stock call may be negative, the company’s financials speak for themselves and showcase its potential for growth in the jewellery industry.