Visco Trade Associates Reports Strong Financial Performance in Q1 FY25

Visco Trade Associates, a microcap trading company, has recently announced its financial results for the quarter ending March 2024. The company’s stock has been given a ‘Hold’ call by MarketsMOJO.

According to the financial report, Visco Trade has shown a very positive performance in the quarter, with a score of 24, which is an improvement from the previous quarter’s score of 27. The company’s Profit Before Tax less Other Income (PBT) has seen a significant growth of 188.92% year on year, indicating a strong near-term trend. Similarly, the Profit After Tax (PAT) has also shown a growth of 137.9% year on year, with a positive near-term trend.

Visco Trade’s operating profit to interest ratio has reached its highest point in the last five quarters, indicating an improvement in the company’s ability to manage interest payments. The operating profit (PBDIT) has also reached its highest point at Rs 24.40 crore in the last five quarters, with a positive near-term trend. The company’s operating profit margin has also improved, reaching its highest point at 66.04% in the last five quarters.

However, the company’s net sales have fallen by -14.03% year on year, with a very negative near-term trend. The interest cost has also increased by 20.86% over the preceding nine months period, indicating increased borrowings. The net sales have also reached its lowest point in the last five quarters, with a negative near-term trend.

Overall, Visco Trade Associates has shown a strong financial performance in the quarter ending March 2024, with positive trends in key areas such as PBT, PAT, and operating profit. However, the company’s net sales and interest cost have shown negative trends, which may need to be addressed in the future. Investors are advised to hold their stock in Visco Trade for now, as recommended by MarketsMOJO.