Vijay Solvex Announces Mixed Financial Results for Q1 FY25, PAT Shows Significant Growth

Vijay Solvex, a leading player in the refined oil and vanaspati industry, recently announced its financial results for the quarter ending March 2024. The company’s stock has been given a ‘Sell’ call by MarketsMOJO.

According to the financial report, Vijay Solvex has seen a negative performance in the quarter, with a score of -9, which is a slight improvement from the previous quarter’s score of -10. However, there are some positive aspects to the company’s financials.

One of the highlights is the company’s Profit After Tax (PAT) for the half-yearly period, which has shown a significant growth of 97.53% year on year, reaching Rs 8.79 crore. This is a very positive trend for the company. Moreover, the PAT for the half-yearly period is higher than the preceding 12 months, which was at Rs -1.12 crore. This shows that in just six months, the company has already surpassed its PAT for the entire previous year.

Another positive aspect is the Debtors Turnover Ratio for the half-yearly period, which is at its highest at 88.67 times in the last five half-yearly periods. This indicates that the company has been able to settle its debtors at a faster rate.

However, there are also some areas of concern for Vijay Solvex. The company’s Net Sales for the quarter have fallen by -13.10% year on year, reaching Rs 378.29 crore. This is a negative trend in the near term. Moreover, the Net Sales for the quarter are at its lowest in the last five quarters, indicating a negative trend in the near term.

Overall, Vijay Solvex’s financial performance for the quarter ending March 2024 has been mixed, with some positive and negative aspects. Investors are advised to carefully consider these factors before making any investment decisions.