Tahmar Enterprises Reports Negative Financial Results for Q1 2024, Receives 'Strong Sell' Rating
Tahmar Enterprises, a microcap company in the paper and paper products industry, has reported negative financial results for the quarter ending March 2024. The company's stock has been given a 'Strong Sell' rating by MarketsMojo, with a decline in key financial indicators such as PBT, PBDIT, and EPS. Investors should take caution when considering this company for investment.
Tahmar Enterprises, a microcap company in the paper and paper products industry, has recently announced its financial results for the quarter ending March 2024. According to the report released on June 1, 2024, the company's stock has been given a 'Strong Sell' rating by MarketsMOJO.
The financial performance of Tahmar Enterprises for the quarter has been negative, with a score of -6 compared to -5 in the previous quarter. This indicates a decline in the company's overall financial health.
One of the major factors contributing to this negative performance is the Profit Before Tax less Other Income (PBT) which has fallen by 1500% year on year, standing at Rs -2.24 crore. This trend is expected to continue in the near term.
The company's Operating Profit (PBDIT) for the quarter is also at its lowest in the last five quarters, standing at Rs -2.21 crore. This indicates a negative trend in the company's operating profit.
Similarly, the Profit Before Tax less Other Income (PBT) for the quarter is also at its lowest in the last five quarters, standing at Rs -2.24 crore. This further supports the negative trend in the company's financial performance.
The company's Earnings per Share (EPS) for the quarter is also at its lowest in the last five quarters, standing at Rs -0.61. This indicates a decline in profitability and lower earnings for shareholders.
Overall, Tahmar Enterprises has seen a decline in its financial performance for the quarter ending March 2024. Investors should take note of the 'Strong Sell' rating given by MarketsMOJO and carefully consider their investment decisions.
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