Visagar Financial Services Reports December 2024 Results Amid Mixed Performance Indicators

Feb 14 2025 12:20 PM IST
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Visagar Financial Services has announced its financial results for the quarter ending December 2024, showing a Profit After Tax of Rs 4.77 crore, a significant year-on-year increase. However, net sales declined to Rs 11.45 crore, the lowest in five quarters, indicating challenges in the company's financial performance.
Visagar Financial Services has recently reported its financial results for the quarter ending December 2024, revealing a complex picture of performance within the finance and NBFC sector. The company's Profit After Tax (PAT) for the half-year period stands at Rs 4.77 crore, reflecting a significant year-on-year growth of 120.83%. This marks a notable recovery, as the PAT has surpassed the previous twelve-month figure of Rs -4.24 crore, indicating a positive trend in profitability.

However, the company faced challenges in its net sales, which amounted to Rs 11.45 crore for the quarter. This figure represents a substantial decline of 83.61% year-on-year, marking the lowest sales recorded in the last five quarters. Such a downturn in sales suggests underlying difficulties that may impact the company's overall financial health.

In light of these results, Visagar Financial Services has experienced an adjustment in its evaluation, with its score reflecting the recent performance dynamics. Stakeholders will be keen to monitor how these trends evolve in the coming periods.

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