Veljan Denison Reports Positive Financial Results for Quarter Ending September 2024

Veljan Denison, a leading engineering company in the industrial equipment industry, has recently announced its financial results for the quarter ending September 2024. The company has shown positive growth in its financial performance, with a score of 7 out of 10, an improvement from the previous score of 5 in the last 3 months.

The company's net sales for the quarter were at its highest at Rs 37.34 crore, with a consistent growth in the last five quarters. This indicates a very positive sales trend in the near term. The operating profit (PBDIT) for the quarter was also at its highest at Rs 9.16 crore, showing a positive trend in the near term. The operating profit margin has also improved, reaching its highest at 24.53% in the last five quarters, indicating an increase in the company's efficiency.

The profit before tax (PBT) less other income for the quarter was at its highest at Rs 7.57 crore, with a positive trend in the near term. The profit after tax (PAT) for the quarter was also at its highest at Rs 6.05 crore, showing a positive trend in the near term. The earnings per share (EPS) for the quarter was at its highest at Rs 26.89, indicating an increase in profitability and higher earnings for shareholders.

However, the company's inventory turnover ratio for the half-yearly period was at its lowest at 2.06 times, with a consistent decline in the last five half-yearly periods. This suggests a slower pace of selling inventory for the company.

Overall, Veljan Denison's financial results for the quarter ending September 2024 have shown positive growth, with an increase in sales, operating profit, and profitability. Investors should keep an eye on the company's inventory turnover ratio in the future to ensure efficient management of inventory. MarketsMOJO has given a 'Sell' call for the company's stock, but investors should conduct their own research before making any investment decisions.