Vikas Lifecare Q3 Results 2024: Date and Time, Share Price and Target

News: Vikas Lifecare, a prominent player in the trading of polymers, polymer additives, iron, steel, and plastic products in India, recently released its financial results for the third quarter of 2024. Let’s dive into the details:

1. Financial Performance

Revenue Decline

• In Q3 2024, Vikas Lifecare reported total revenue of ₹1.02 billion, which represents a 24% decline compared to the same period in 2023.

Net Loss

• The company faced a net loss of ₹35.1 million during this quarter. This is a significant drop from the ₹58.9 million profit recorded in Q3 2023.

Earnings Per Share (EPS)

• The earnings per share (EPS) for Q3 2024 stood at a loss of ₹0.03, down from a profit of ₹0.05 in the previous year.

2. Stock Movement

• Vikas Lifecare’s shares experienced a 12% decline over the past week, indicating market volatility.

3. Risk Analysis

• Investors should be aware of the warning signs associated with Vikas Lifecare. Conducting a thorough risk assessment is crucial.

4. Valuation Considerations

• Valuing a company can be complex, but we aim to simplify it. Our comprehensive analysis includes fair value estimates, risks, dividends, insider transactions, and financial health.

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About Vikas Lifecare Company

Vikas Lifecare Limited is a leading provider of high-end specialty chemicals to customers across the world. The company is passionate about finding innovative solutions to the most pressing environment and safety challenges of our times.

Company Overview

• Vikas Lifecare Limited (VLL) is an ISO 9001:2015 certified company engaged in trading and manufacturing of polymer, rubber compounds, and additives for plastics, synthetic, and natural rubber.
• The company has been primarily involved in various business segments:
  • Polymer & Rubber Commodity: This segment deals with bulk consumption compounds.
  • Compounds and Master-Batches: VLL manufactures upcycled compounds from industrial and post-consumer waste materials like EVA, PVC, PP, PE, etc.
• VLL contributes to environmental protection initiatives by fulfilling the mandated Extended Producer Responsibility (EPR) obligations for conglomerates using large quantities of plastic products and packaging materials.

Management and Leadership

• Dr. S. K. Dhawan, the Managing Director of VLL, brings over 35 years of experience to the company. He is a renowned scientist with expertise in areas such as Conducting Polymers, Smart Coatings, Waste Management, Nano Composites for EMI shielding, and ESD. Dr. Dhawan’s contributions have been recognized through awards, including the Outstanding Scientist Award in 2009 and the DST – Lockheed Martin Innovation Award in 2014.

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