Vikram Thermo's Q1 financial results show flat performance, 'Hold' rating by MarketsMOJO

Vikram Thermo (India), a microcap company in the chemicals industry, has recently declared its financial results for the quarter ending June 2024. The company's stock call has been rated as 'Hold' by MarketsMOJO, a leading financial analysis platform.

According to the financial report, Vikram Thermo's performance for the quarter has been flat, with a score of 5 out of 10. This is a significant decrease from the previous quarter's score of 9. The company's profit after tax (PAT) for the quarter was Rs 4.93 crore, which is a 19% decrease from the average PAT of the previous four quarters, which was Rs 6.09 crore. This indicates a negative trend in the company's near-term PAT.

While the financial results may not be as positive as expected, it is important to note that Vikram Thermo is a microcap company, which means it has a smaller market capitalization compared to larger companies. This can make the company's financial performance more volatile. However, it is also worth mentioning that MarketsMOJO has given a 'Hold' rating for the company's stock, which suggests that it may still have potential for growth in the future.

Overall, the financial results for the quarter ending June 2024 may not be as strong as desired, but it is important to consider the company's size and the 'Hold' rating given by MarketsMOJO. Investors should continue to monitor Vikram Thermo's performance and make informed decisions based on their own research and analysis.