Venus Remedies Reports Strong Financial Performance in Q1 FY25, Receives 'Hold' Rating
Venus Remedies, a microcap pharmaceutical company, has recently announced its financial results for the quarter ending March 2024. The company’s stock has been given a ‘Hold’ call by MarketsMOJO.
According to the financial report, Venus Remedies has shown a positive performance in the quarter, with a score of 9 out of 10. This is a slight decrease from the previous quarter’s score of 10, but still reflects a strong financial standing.
One of the key factors contributing to this positive performance is the company’s Profit Before Tax (PBT) less Other Income, which has grown by 88.53% year on year to reach Rs 5.26 crore. This indicates a very positive trend in the near term for PBT.
Another positive aspect of the financial report is the company’s Net Sales, which have grown by 21.13% year on year to reach Rs 303.77 crore in the last six months. This shows a positive trend in the near term for sales.
Furthermore, Venus Remedies has also shown improvement in its short term liquidity, with Cash and Cash Equivalents reaching a high of Rs 68.10 crore in the last six half yearly periods.
Overall, the financial results for the quarter ending March 2024 reflect a strong and positive performance for Venus Remedies. With a ‘Hold’ call from MarketsMOJO, the company’s stock is expected to maintain its stability in the near future.
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