Vijay Solvex Reports Strong Financial Growth Amid Liquidity Concerns in December 2024 Results

Feb 14 2025 05:50 PM IST
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Vijay Solvex has announced its financial results for the quarter ending December 2024, showcasing significant growth in key metrics. Profit Before Tax reached Rs 9.77 crore, while Profit After Tax was Rs 7.47 crore. Net sales and Operating Profit also hit record highs, although cash equivalents are at a low point.
Vijay Solvex, a microcap company in the refined oil and vanaspati industry, has recently reported its financial results for the quarter ending December 2024. The results, declared on February 14, 2025, indicate a notable shift in the company's evaluation, with its score reflecting a significant adjustment from the previous period.

The financial data reveals a robust performance in several key areas. Profit Before Tax less Other Income (PBT) reached Rs 9.77 crore, marking a substantial year-on-year growth. Similarly, Profit After Tax (PAT) stood at Rs 7.47 crore, also showing impressive growth compared to the previous year. Net sales hit a record high of Rs 544.19 crore, while Operating Profit (PBDIT) reached Rs 11.40 crore, both representing the best figures in the last five quarters. Additionally, the Operating Profit Margin improved to 2.09%, indicating enhanced efficiency within the company. Earnings per Share (EPS) also saw an uptick, reaching Rs 23.34, reflecting increased profitability.

However, the financial results also highlight a concern regarding cash and cash equivalents, which have reached their lowest point in the last six half-yearly periods, suggesting challenges in short-term liquidity.

Overall, Vijay Solvex's recent financial performance has prompted a revision in its score, reflecting the underlying trends observed in its latest results.

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