Vani Commercials Q1 Results Revenue Increases to INR 139 Lakhs, Loss Before Tax of INR 20 Lakhs

Vani Commercials recently released their financial results for the quarter ended 30th June 2024. The company reported a significant year-over-year (YoY) decrease in total income, which fell to INR 139 lakhs compared to a negative income of INR 39 lakhs for the previous quarter.

This represents a notable turnaround, although it is essential to highlight the year-over-year (YoY) variation. The expenses for the quarter also saw a significant increase, with a YoY rise of 112% in total expenses compared to the previous quarter's figures.

In terms of profitability, Vani Commercials experienced a year-over-year (YoY) loss before tax of INR 20 lakhs, contrasting with a profit of INR 36 lakhs in the same quarter last year.

The company's earnings per share remained at 0.00 INR for both basic and diluted shares, reflecting a year-over-year (YoY) consistency. Despite these challenges, Vani Commercials continues to navigate through dynamic financial conditions with a focus on maintaining its market presence.

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Vani Commercials Q1 Results 2024-2025

Vani Commercials has announced its financial performance for the first quarter of the fiscal year 2024.

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Vani Commercials Current Market Overview

Vani Commercials is currently trading at ₹11.3 per share, up by 1.99% as of 11th September 2024. The company's market capitalization is ₹13.3 crore, reflecting its overall size in the stock market. The stock has fluctuated between ₹15.5 and ₹8.50 recently.

With a price-to-earnings ratio of 55.2, Vani Commercials has a book value of ₹11.4 per share. The company does not offer any dividends at the moment and has a low return on equity of 1.81%. Despite these numbers, it continues to be a key player in the financial services sector.

Quarterly Results

Here is a summary of Vani Commercials's quarterly results for the periods ending March 2024, and June 2024:

About Vani Commercials

Vani Commercials is a financial services company that focuses on providing tailored and high-quality solutions to its clients. The company has established itself as a key player in the industry by emphasizing expert service and quick responses to client needs.

Over the years, Vani Commercials has built a strong reputation for its commitment to integrity, excellence, and long-term client relationships. Their recent financial results show a mix of challenges and opportunities, reflecting their ongoing efforts to adapt and grow in a dynamic market.

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