Longview Tea Company's Q1 FY25 Financial Results Show Promising Numbers Despite Negative Recommendation

Longview Tea Company, a microcap trading company, recently announced its financial results for the quarter ending June 2024. The results, declared on July 18, have received a ‘Sell’ call from MarketsMOJO.

Despite the negative recommendation, Longview Tea has shown a flat financial performance for the quarter. However, there has been a significant improvement in the company’s score, which has increased from -1 to 3 in the last three months.

One of the key highlights of the financials is the Profit After Tax (PAT) for the quarter, which stands at Rs 0.58 crore. This is the highest PAT recorded in the last five quarters, indicating a positive trend in the near term. Additionally, the company’s Earnings per Share (EPS) for the quarter is also at its highest in the last five quarters, at Rs 1.93. This shows an increasing profitability and the company’s ability to generate higher earnings for its shareholders.

Overall, Longview Tea’s financial results for the quarter ending June 2024 have shown promising numbers, despite the ‘Sell’ call from MarketsMOJO. With a positive trend in PAT and EPS, the company seems to be on the right track towards growth and profitability.