Virat Crane Industries' Q1 financial results show decline in sales and profitability

Virat Crane Industries, a microcap company in the FMCG industry, recently announced its financial results for the quarter ending in March 2024. The results, declared on August 7, 2024, have received a 'Hold' call from MarketsMOJO.

According to the financial report, Virat Crane Industries has shown positive performance in the quarter, with a score of 7 compared to 21 in the previous three months. However, there are some areas that have not performed well for the company.

One of the key areas of concern is the net sales, which have fallen by 7.9% to Rs 30.98 crore compared to the average net sales of the previous four quarters, which stood at Rs 33.62 crore. This indicates a negative trend in the near term for the company's sales.

Similarly, the profit after tax (PAT) for the quarter has also seen a decline of 6.6% to Rs 2.21 crore compared to the average PAT of Rs 2.37 crore in the previous four quarters. This also suggests a negative trend in the near term for the company's profitability.

While the financial results may not be as positive as expected, it is important to note that this is a microcap company and the current market conditions may have played a role in the decline. Investors are advised to hold their positions and monitor the company's performance in the upcoming quarters.