Vesuvius India's Q3 financials show mixed results, MarketsMOJO advises 'Hold' on stock.
Vesuvius India, a midcap company in the refractories industry, recently declared its financial results for the quarter ending September 2024. The stock call for the company by MarketsMOJO is 'Hold'.
According to the financials, Vesuvius India's Profit After Tax (PAT) for the half-yearly period has shown a growth of 20.70% year on year, reaching Rs 135.81 crore. However, the Profit Before Tax less Other Income (PBT) for the quarter has fallen by -12.8% compared to the average of the previous four quarters. This has resulted in a negative trend for the near term.
The company's Operating Profit (PBDIT) for the quarter is at its lowest in the last five quarters, standing at Rs 78.90 crore. This has also led to a negative trend for the near term. The Operating Profit Margin for the quarter is also at its lowest in the last five quarters, indicating a deterioration in the company's efficiency.
On the positive side, Vesuvius India has seen a growth in its Non Operating Income for the quarter, reaching its highest in the last five quarters at Rs 23.12 crore. However, this increase in income from non-business activities may not be sustainable.
Overall, Vesuvius India's financial performance for the quarter has been flat, with some positive and negative trends. Investors are advised to hold their stock in the company, as recommended by MarketsMOJO.
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