Vidhi Specialty Food Ingredients Reports Strong Q3 FY24-25 Sales and Profit Growth
Vidhi Specialty Food Ingredients has announced its financial results for Q3 FY24-25, highlighting significant growth in net sales, operating profit, and profit before and after tax. The company achieved its highest quarterly sales in five quarters, although its debtors turnover ratio reached a recent low.
Vidhi Specialty Food Ingredients has recently reported its financial results for the third quarter of FY24-25, revealing noteworthy developments in its performance metrics. The company achieved net sales of Rs 98.52 crore, which reflects a significant growth compared to the average net sales of Rs 79.47 crore over the previous four quarters. This marks the highest quarterly sales recorded in the last five quarters, indicating a robust demand for its products.In terms of profitability, the operating profit reached Rs 18.97 crore, also the highest in the same timeframe. The profit before tax (PBT) was reported at Rs 16.89 crore, showcasing a notable increase over the average PBT of Rs 12.45 crore from the previous four quarters. Similarly, profit after tax (PAT) stood at Rs 12.73 crore, reflecting a substantial rise from the average PAT of Rs 9.46 crore.
Earnings per share (EPS) were reported at Rs 2.55, suggesting favorable conditions for shareholders. However, it is important to note that the company's debtors turnover ratio was recorded at its lowest in recent periods, at 2.73 times, indicating a slower pace in settling debts.
In light of these results, there have been evaluation changes regarding Vidhi Specialty Food Ingredients, reflecting the company's evolving financial landscape.
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