Vikram Thermo (India) Limited , a key player in the pharma polymers segment, has announced robust financial results for the first quarter, along with important board decisions in preparation for its upcoming Annual General Meeting (AGM).

Financial Performance

The company's board of directors, in a meeting held on August 12, approved the unaudited financial results for the quarter ended June 30. Vikram Thermo reported impressive figures:

The company's total income for the quarter stood at Rs. 2,877.58 lakhs, with a notable net profit after tax of Rs. 794.13 lakhs from continuing operations. This performance translated to a basic and diluted earnings per share of Rs. 2.53.

Board Meeting Outcomes

In addition to approving the financial results, the board meeting, which commenced at 4:00 PM and concluded at 4:35 PM, addressed several key matters:

1. AGM Preparations: The board approved the draft notice for the 31st Annual General Meeting, along with the Board's Report, Corporate Governance Report, and Secretarial Audit Report for the previous financial year.

2. Cost Audit Report: Approval was given for the Cost Audit Report for the previous fiscal year.

3. Appointment of Scrutinizer: M/s A Shah & Associates, Practicing Company Secretary, was appointed as the scrutinizer for the upcoming AGM.

Company Overview

Vikram Thermo (India) Limited operates exclusively in the pharma polymers segment. As of June 30, the company reported no subsidiary, associate, or joint venture companies, highlighting its focused business approach.

Regulatory Compliance

The financial results were reviewed by the audit committee and subsequently approved by the board of directors. The company's statutory auditors have expressed an unmodified audit opinion on these results, which are being published in accordance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Investors and stakeholders can access the detailed quarterly financial results on the Bombay Stock Exchange website ( www.bseindia.com ) and the company's official website ( www.vikramthermo.com ).

As Vikram Thermo (India) Limited prepares for its 31st AGM, the strong Q1 results provide a solid foundation for the company's performance in the ongoing fiscal year.

Vikram Thermo , a key player in the Indian chemical industry, has released its financial results for the fourth quarter, revealing a mixed performance that reflects both challenges and resilience in the current economic landscape.

Q4 Financial Highlights

Analysis of Results

Vikram Thermo's fourth-quarter results paint a picture of a company navigating through varying market conditions. The company reported a net profit of ₹4.07 crore for the latest quarter, showcasing its ability to maintain profitability.

Year-over-Year Performance

When compared to the same quarter of the previous year, Vikram Thermo experienced a decline in several key metrics:

• Net profit dropped from ₹4.90 crore to ₹4.07 crore, representing a year-over-year decrease of approximately 16.94%.
• Revenue slightly decreased from ₹273.90 million to ₹271.10 million.
• EBITDA declined from ₹74.90 million to ₹66.80 million.
• EBITDA margin reduced from 27.35% to 24.64%.

These reductions may be attributed to various factors such as increased operational costs, market pressures, or industry-specific challenges.

Quarter-over-Quarter Improvement

On a more positive note, Vikram Thermo demonstrated a remarkable quarter-over-quarter improvement. The net profit of ₹4.07 crore in the current quarter marks a substantial increase from the ₹1.07 crore reported in the previous quarter. This significant jump in profitability suggests that the company has implemented effective strategies to enhance its financial performance in the short term.

Dividend Announcement

In addition to the financial results, Vikram Thermo has recommended a dividend of ₹1 per share. This announcement may be viewed positively by shareholders, as it demonstrates the company's commitment to returning value to its investors despite the challenging year-over-year performance.

Conclusion

Vikram Thermo's latest financial results reflect the dynamic nature of the chemical industry and the company's adaptability in the face of changing market conditions. While the year-over-year decline in net profit, revenue, and EBITDA may raise some concerns, the substantial quarter-over-quarter improvement in net profit indicates the company's potential for recovery and growth.

The dividend recommendation further underscores the company's confidence in its financial stability and future prospects. Investors and industry observers will likely keep a close eye on Vikram Thermo's future performance to assess whether this positive quarterly trend can be sustained in the coming financial periods.