Vivanta Industries' Q3 Financial Results Released
Vivanta Industries, a microcap company in the plastic products industry, recently declared its financial results for the quarter ended September 2023. According to the report released on October 13, 2023, the company's net sales for the quarter saw a decline of 36.43% compared to the previous quarter. However, the consolidated net profit showed a significant growth of 106.06% in the same period.The operating profit (PBDIT) excluding other income also saw a positive growth of 100.00%, indicating a strong performance by the company. Moreover, the company has not incurred any interest expenses in the last few periods, which is a positive sign for its financial health. The operating profit margin (excluding other income) has also improved compared to the previous quarter.
Market experts at MarketsMOJO have given a 'Hold' call for Vivanta Industries' stock, based on its financial performance in the quarter. The company's overall score has also improved from 8 to 13 in the last three months, indicating a positive trend.
One of the key factors contributing to Vivanta Industries' success is its debtors turnover ratio, which has been consistently growing in the last five half-yearly periods. This shows that the company has been able to settle its debtors faster, leading to improved cash flow. Additionally, the company has generated a higher operating cash flow of Rs 1.67 crore annually in the last three years.
However, the company's net sales for the quarter have fallen by 5.8% compared to the average net sales of the previous four quarters. This indicates a negative trend in the near term. Despite this, Vivanta Industries has shown a positive financial performance in the quarter ended September 2023, which is a promising sign for the company's future growth.
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