Tamboli Industries Reports Flat Performance in Q1 FY25, Strong Cash Position a Key Strength
Tamboli Industries, a microcap finance company, has recently announced its financial results for the quarter ending March 2024. The company’s stock has been given a ‘Strong Sell’ call by MarketsMOJO.
According to the financial report, Tamboli Industries has shown a flat performance in the quarter, with a score of -2 which has improved from -7 in the last three months. However, there are some positive aspects to the company’s financials.
One of the key strengths of Tamboli Industries is its cash and cash equivalents, which have been consistently high at Rs 16.39 crore in the last six half-yearly periods. This indicates that the company has a strong short-term liquidity position.
On the other hand, the company’s profit after tax (PAT) for the nine-month period has decreased by 29.12% year on year, standing at Rs 5.38 crore. This suggests a negative trend in the near term for the company’s PAT.
Overall, Tamboli Industries has shown a mixed performance in the quarter ending March 2024. Investors should carefully consider the company’s financials before making any investment decisions.
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