Vidli Restaurant Reports Mixed Financial Results for Q2 FY25, Shows Growth in Net Sales

Vidli Restaurant, a microcap company in the hotel, resort, and restaurant industry, recently announced its financial results for the quarter ending September 2024. The company’s stock has been given a ‘Strong Sell’ rating by MarketsMOJO.

According to the financial report, Vidli Restaurant’s performance for the quarter was flat, with a score of 3 out of 5. This is a decrease from the previous quarter’s score of 5. However, there are some positive aspects to the company’s financials.

One of the highlights is the growth in net sales, which have increased by 42.81% year on year, reaching Rs 8.44 crore. This indicates a strong sales trend in the near term. However, there are also some areas of concern.

The company’s profit before tax, excluding other income, was at its lowest in the last five quarters, at Rs -0.21 crore. This shows a negative trend in the near term. Additionally, the debtors turnover ratio for the half-yearly period was also at its lowest in the last five periods, at 7.45 times. This suggests that the company’s pace of settling its debtors has slowed down.

Despite these challenges, Vidli Restaurant remains committed to providing quality services in the hotel, resort, and restaurant industry. The company will continue to work towards improving its financial performance and addressing any issues that may arise. Investors are advised to carefully consider the current financial situation before making any investment decisions.