Tamil Nadu Telecommunications Reports Negative Financial Performance in Q1 2024
Tamil Nadu Telecommunications, a microcap cable company, reported negative financial results for the quarter ending March 2024. The company's PBT and PAT have decreased by over 50%, while its operating profit and EPS are at their lowest in the last five quarters. MarketsMojo has given a 'Strong Sell' call, indicating the need for improvement in the company's performance.
Tamil Nadu Telecommunications, a microcap company in the cable industry, has recently announced its financial results for the quarter ending March 2024. According to the data released on May 27, 2024, the company has seen a negative performance in this quarter.
The financial score for T N Telecom. has fallen to -9 from 0 in the last three months, indicating a decline in its financial health. The company's profit before tax (PBT) has decreased by 54.3% to Rs -5.23 crore compared to the average PBT of the previous four quarters, which was Rs -3.39 crore. This trend is expected to continue in the near term.
Similarly, the profit after tax (PAT) has also decreased by 56.4% to Rs -5.22 crore compared to the average PAT of the previous four quarters, which was Rs -3.34 crore. The operating profit (PBDIT) for this quarter is at its lowest in the last five quarters, standing at Rs -2.48 crore. This indicates a negative trend in the company's operating profit in the near term.
The company's earnings per share (EPS) for this quarter is at its lowest in the last five quarters, standing at Rs -1.14. This shows a decline in profitability and lower earnings for shareholders.
MarketsMOJO has given a 'Strong Sell' call for T N Telecom. based on its financial performance in the quarter ending March 2024. The company's financial data suggests that it is facing challenges and needs to improve its performance in the upcoming quarters to regain its financial stability.
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