Vinyl Chemicals Reports Declining Financial Performance in Q3 FY24-25 Results

Vinyl Chemicals (I), a microcap company in the trading industry, has reported its financial results for the third quarter of FY24-25, declared on January 17, 2025. The company has experienced notable challenges, reflected in an adjustment in its evaluation.
The financial metrics present a concerning picture for Vinyl Chemicals. The Profit Before Tax (PBT), excluding other income, is reported at Rs 3.62 crore, which shows a significant shift compared to the average PBT of Rs 7.29 crore over the previous four quarters. The operating profit has also reached a low point at Rs 3.66 crore, continuing a downward trend observed over the last five quarters.

In terms of net sales, the company recorded Rs 146.40 crore, indicating a change from the average net sales of Rs 158.32 crore in the previous four quarters. The operating profit margin has decreased to 2.50%, suggesting challenges in operational efficiency. Additionally, non-operating income now represents 45.23% of the PBT, raising questions about the long-term viability of the business model.

Overall, these developments have led to a revision in its score, reflecting the current state of Vinyl Chemicals (I).

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