Vishnu Prakash R Punglia Reports Negative Performance in Q3 2024 Financial Results

Nov 09 2024 05:47 PM IST
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The company has faced challenges in the recent quarter, with a decrease in PBT and PAT, as well as a decrease in Net Sales and an increase in Interest cost. Vishnu Prakash R Punglia, a smallcap company in the construction and real estate industry, reported a negative performance in the quarter ending September 2024. The company's PBT and PAT decreased by 21.7% and 21.2% respectively, while Net Sales decreased by 7.8%. Interest cost also increased, indicating potential financial challenges in the future. Investors are advised to hold their stocks and monitor the company's performance.

Vishnu Prakash R Punglia, a smallcap company in the construction and real estate industry, recently announced its financial results for the quarter ending September 2024. The stock has been given a 'Hold' call by MarketsMOJO.

According to the financial report, the company has seen a negative performance in the quarter, with a score of -8, which has improved from -11 in the last three months. This indicates that the company has faced challenges in the recent quarter.

One of the major factors contributing to this negative performance is the decrease in Profit Before Tax (PBT) less Other Income. The PBT for the quarter was Rs 29.79 crore, which is a 21.7% decrease from the average PBT of the previous four quarters, which was Rs 38.05 crore. This trend is expected to continue in the near term.

Similarly, the Profit After Tax (PAT) for the quarter was Rs 23.73 crore, a 21.2% decrease from the average PAT of the previous four quarters, which was Rs 30.13 crore. This indicates a negative trend in the near term for the company.

The Net Sales for the quarter were Rs 334.87 crore, a 7.8% decrease from the average Net Sales of the previous four quarters, which was Rs 363.07 crore. This shows a negative trend in the near term for the company's sales.

Another concerning factor is the increase in Interest cost, which was the highest in the last five quarters at Rs 15.22 crore, and has increased by 18.72% from the previous quarter. This signifies that the company has taken on more borrowings, which could impact its financials in the future.

Overall, the financial results for the quarter ending September 2024 have not been favorable for Vishnu Prakash R Punglia. Investors are advised to hold their stocks and monitor the company's performance in the coming quarters.
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