Vertex Securities Reports Strong Financial Performance in Q1 FY25, But Cash Reserves Decline

Vertex Securities, a microcap finance and non-banking financial company (NBFC), has recently announced its financial results for the quarter ended June 2024. The company’s stock has been given a ‘Sell’ call by MarketsMOJO.

According to the financial report, Vertex Securities has shown a positive performance in the quarter, with a score of 10 out of 12. This is a slight decrease from the previous quarter’s score of 12, but still reflects a strong financial performance.

One of the key highlights of the financial report is the company’s net sales, which have grown by 85.81% year on year, reaching Rs 5.37 crore. This is a significant increase and shows a positive sales trend for Vertex Securities.

The company has also seen a higher profit after tax (PAT) of Rs 0.78 crore in the first half of the year, compared to the previous 12-month period where it was at Rs -0.81 crore. This indicates a strong improvement in profitability for the company.

However, the financial report also highlights a concern for Vertex Securities, as its cash and cash equivalents have decreased to Rs 7.28 crore in the last six half-yearly periods. This shows a deterioration in short-term liquidity for the company.

Overall, Vertex Securities has shown a positive financial performance in the quarter ended June 2024, with strong growth in net sales and profitability. However, investors should also take note of the company’s decreasing cash reserves.