VMS Industries Reports Strong Financial Performance in Q1 2024, Indicating Positive Growth Trajectory.

VMS Industries, a microcap company in the miscellaneous industry, has recently declared its financial results for the quarter ending March 2024. The stock call for the company by MarketsMOJO is 'Buy', indicating a positive outlook for the company's performance.

In the last quarter, VMS Industries has shown a significant improvement in its financials, with a score of 22 compared to 25 in the previous quarter. This is a clear indication of the company's positive growth trajectory.

One of the key factors contributing to this growth is the Profit After Tax (PAT) for the nine-month period, which has seen a remarkable increase of 151.03% year on year. This is a testament to the company's efficient management and strong financial performance.

Moreover, the company's net sales for the quarter have also shown a significant growth of 687.89% year on year, reaching a record high of Rs 105.42 crore. This is a positive trend for the company's near-term sales and reflects its strong market position.

In addition, VMS Industries has also shown a strong cash position, with cash and cash equivalents reaching a record high of Rs 59.30 crore in the last six half-yearly periods. This indicates a strong short-term liquidity for the company.

Furthermore, the company has been able to settle its debtors at a faster rate, with the Debtors Turnover Ratio reaching a record high of 7.98 times in the last five half-yearly periods. This is a positive sign for the company's financial management.

Overall, VMS Industries has shown a very positive financial performance in the last quarter, with a higher PAT of Rs 4.87 crore compared to the previous 12-month period. This indicates a strong growth potential for the company and makes it a promising investment opportunity.