Vikas Ecotech Reports Mixed Q4 Results with Revenue Growth and Profit Fluctuations
Vikas Ecotech Ltd, a specialty chemicals company, reported Q4 financial results with significant year-over-year improvements but some quarter-on-quarter challenges. Revenue surged 43.7% to ₹1.03 billion from ₹717.00 million last year. EBITDA increased to ₹36.00 million from ₹27.00 million, though the margin slightly decreased to 3.55%. Consolidated net profit jumped 87% year-over-year to ₹43.00 million, but the company faced a ₹6.00 million loss compared to the previous quarter.
04Mar 25
Vikas Ecotech to Deliberate on Capital Reduction Scheme in Upcoming Board Meeting
Vikas Ecotech Ltd. has announced a board meeting on March 7, 2025, to consider a scheme of capital reduction. The proposal is linked to a Termination cum Settlement Agreement dated January 29, 2025. The meeting, to be held at the company's registered office, will also be open to other agenda items with the Chair's permission. This decision could potentially impact the company's share structure, shareholder value, and financial position.