Vikas Lifecare Reports Negative Financial Results for Q4 2023
Vikas Lifecare, a microcap petrochemical company, reported negative financial results for the quarter ending December 2023. The company's profit before tax and after tax have seen significant declines, while net sales and operating profit have also decreased. MarketsMojo has a 'Sell' call for the stock.
Vikas Lifecare, a microcap company in the petrochemical industry, recently announced its financial results for the quarter ending December 2023. According to the report released on February 14, 2024, the company's performance has been negative, with a score of -8 compared to 5 in the previous quarter.
The company's profit before tax (PBT) has seen a significant decline of -618.9% from the average PBT of the previous four quarters, falling to Rs -6.11 crore. This trend is expected to continue in the near term. Similarly, the profit after tax (PAT) has also fallen by -766.7% from the average of the previous four quarters, reaching Rs -3.51 crore. The net sales for the quarter have also decreased by -15.0% from the average of the previous four quarters, standing at Rs 99.28 crore.
The operating profit (PBDIT) for the quarter is at its lowest in the last five quarters, at Rs -4.80 crore. This indicates a negative trend in the near term. The operating profit margin has also reached its lowest at -4.83%, showing a decline in the company's efficiency.
Overall, the financial results for the quarter ending December 2023 have not been favorable for Vikas Lifecare. The company's performance has been on a downward trend, and the stock call by MarketsMOJO is 'Sell'. Investors and experts are advised to carefully consider these financials before making any investment decisions.
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