Vivanta Industries Reports Lowest Net Profit in Five Quarters, Negative Trend Continues
Net Profit - Quarterly: Lowest at Rs -0.23 cr. in the last five quarters.Near term Net Profit trend is negative.Vivanta Industries, a microcap company in the plastic products industry, recently announced its financial results for the quarter ending June 2024. The company's stock has been given a 'Strong Sell' rating by MarketsMOJO.
According to the financial report, Vivanta Industries has seen a negative performance in the quarter, with a score of -8 compared to -6 in the previous quarter. This decline can be attributed to various factors.
One of the major concerns for the company is its net sales, which have decreased by 77.59% year on year, standing at Rs 7.12 crore for the half-yearly period. This indicates a very negative trend in the near term for the company's sales.
The operating profit (PBDIT) for the quarter has also been the lowest in the last five quarters, at Rs -0.11 crore. This shows a negative trend in the company's operating profit in the near term. Additionally, the operating profit margin has also decreased to 0.00%, indicating a decline in the company's efficiency.
The profit before tax (PBT) less other income for the quarter has also been the lowest in the last five quarters, at Rs -0.23 crore. This further highlights the negative trend in the company's near term PBT.
The net profit for the quarter has also seen a decline, standing at Rs -0.23 crore, the lowest in the last five quarters. This indicates a negative trend in the company's near term net profit.
Overall, the financial results for the quarter ending June 2024 have not been favorable for Vivanta Industries. Investors should take note of these numbers and make informed decisions regarding their investments in the company's stock.
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