Vipul Ltd's Q2 financials show positive performance, but sales and profits decline
Vipul Ltd, a microcap real estate company, recently announced its financial results for the quarter ending June 2024. The company's stock has been given a 'Hold' call by MarketsMOJO.
According to the financials, Vipul Ltd has shown positive performance in the quarter, with a score of 12 compared to 26 in the previous 3 months. The company's debt-equity ratio has also improved, with the lowest ratio of 0.53 in the last five half-yearly periods. This indicates that the company has been reducing its borrowing in comparison to its equity capital.
However, there are some areas that are not performing well for Vipul Ltd. The net sales for the quarter have fallen by 69.3% compared to the average net sales of the previous four quarters. This shows a negative trend in the company's sales in the near term. Similarly, the profit before tax (PBT) has also decreased by 106.1% compared to the average PBT of the previous four quarters. The profit after tax (PAT) has also seen a decline of 96.9% in the quarter. Additionally, the interest cost has increased significantly, indicating a rise in borrowings. The company's non-operating income is also high, which is not a sustainable business model.
Overall, Vipul Ltd has shown mixed results in the quarter ending June 2024. While there are some positive aspects, there are also areas that need improvement. Investors are advised to hold their stock and monitor the company's performance in the upcoming quarters.
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