Vivid Global Industries Reports Strong Financial Performance in Q1 FY25
Vivid Global Industries, a microcap company in the chemicals industry, has recently announced its financial results for the quarter ending March 2024. The results, declared on August 8th, have received a ‘Sell’ call from MarketsMOJO.
Despite this, Vivid Global has shown positive financial performance in the quarter, with a score improvement from 2 to 10 in the last 3 months. This is a significant improvement and reflects the company’s efforts to drive growth and profitability.
One of the key factors contributing to this positive performance is the increase in net sales. The company’s net sales for the quarter were Rs 13.19 crore, which is a 53.3% growth compared to the average net sales of the previous four quarters. This indicates a strong sales trend in the near term.
Additionally, Vivid Global’s half-yearly profit after tax (PAT) has also shown an increase, with Rs 0.15 crore in the current period compared to Rs 0.12 crore in the preceding 12-month period. This means that in just half a year, the company has already surpassed its PAT for the entire previous year.
Moreover, the company’s net sales for the quarter were the highest in the last five quarters, at Rs 13.19 crore. This further reinforces the positive sales trend in the near term.
Overall, Vivid Global’s financial results for the quarter ending March 2024 have shown promising growth and profitability. While MarketsMOJO may have given a ‘Sell’ call, the company’s performance speaks for itself and indicates a strong potential for future success.
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