Vishal Fabrics Reports Mixed Performance in Q1 FY25, Net Sales and Operating Profit Reach Highest in 5 Quarters

Jul 29 2024 08:00 AM IST
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Vishal Fabrics, a microcap textile company, has reported its financial results for the quarter ending June 2024. Despite a negative performance in the previous quarter, the company has shown improvement in net sales and operating profit. However, profit after tax has decreased and interest costs have increased, indicating a mixed performance.

Vishal Fabrics, a microcap textile company, recently announced its financial results for the quarter ending June 2024. The company’s stock has been given a ‘Hold’ call by MarketsMOJO.

Despite a negative financial performance in the previous quarter, Vishal Fabrics has shown improvement with a score of -7, compared to -14 in the last 3 months. The company’s net sales for the quarter were at its highest in the last five quarters, reaching Rs 411.51 crore. This indicates a positive trend in near term sales.


The operating profit (PBDIT) for the quarter was also at its highest in the last five quarters, at Rs 30.16 crore. This shows a positive trend in near term operating profit. The company’s efficiency has also improved, with the operating profit margin reaching its highest at 7.33%.


However, the profit after tax (PAT) for the quarter has fallen by 38.9% year on year, at Rs 6.52 crore. The near term trend for PAT is also negative. The company’s interest cost has increased by 13.88% quarter on quarter, reaching its highest in the last five quarters at Rs 11.65 crore. This signifies increased borrowings for the company.


Overall, Vishal Fabrics has shown a mixed performance in the quarter ending June 2024. Investors are advised to hold their stock and keep an eye on the company’s future financial results.


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