Vivid Mercantile's Q2 FY25 Financial Results Show Mixed Performance, PAT Growth of 100.19%
Vivid Mercantile, a microcap company in the construction and real estate industry, recently announced its financial results for the quarter ending September 2024. The results, declared on October 16, 2024, have received a ‘Strong Sell’ call from MarketsMOJO.
According to the financial report, Vivid Mercantile’s performance has remained flat in the last quarter, with a score of 4 compared to 16 in the previous three months. However, there are some positive aspects to the company’s financials.
One of the highlights is the Profit After Tax (PAT) for the nine-month period, which has shown a growth of 100.19% year on year, reaching Rs 10.31 crore. This trend is a positive sign for the company’s profitability. Additionally, the PAT for the nine-month period is higher than the preceding 12-month period, indicating that the company has already surpassed its sales from the previous year.
On the other hand, the company’s Earnings per Share (EPS) for the quarter have declined to its lowest in the last five quarters, at Rs 0.25. This shows a decrease in profitability and lower earnings for shareholders.
Overall, Vivid Mercantile’s financial results for the quarter ending September 2024 have been mixed, with some positive and negative aspects. Investors should carefully consider these factors before making any decisions regarding the company’s stock.
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