Vardhman Concrete Reports Negative Financial Results for Q1 FY25
Vardhman Concrete, a microcap trading company, recently announced its financial results for the quarter ending June 2024. The company’s stock has received a ‘Strong Sell’ call from MarketsMOJO.
According to the financial report, Vardhman Concrete has seen a negative performance in the quarter, with a score of -10 compared to -3 in the previous quarter. This indicates a decline in the company’s financial health.
One of the major factors contributing to this decline is the Profit After Tax (PAT), which has fallen by 2967.7% to Rs -9.97 crore in the quarter. This is significantly lower than the average PAT of the previous four quarters, which was Rs -0.33 crore. The trend for near-term PAT is also negative.
The company’s Operating Profit (PBDIT) has also been on a downward trend, with the lowest recorded at Rs -3.63 crore in the quarter. This has been the case for the last five quarters, indicating a negative trend in the company’s operating profit.
Similarly, the Profit Before Tax less Other Income (PBT) has also seen a decline in the quarter, with the lowest recorded at Rs -10.57 crore. This trend has been consistent for the last five quarters, indicating a negative trend in the company’s PBT.
The company’s Earnings per Share (EPS) have also been on a decline, with the lowest recorded at Rs -13.92 in the last five quarters. This indicates a declining profitability and lower earnings for shareholders.
Overall, Vardhman Concrete’s financial performance for the quarter ending June 2024 has been negative, with a decline in key financial indicators. Investors should take note of these trends before making any investment decisions.
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