TARC Ltd's Q3 Financial Results Show Significant Decline, MarketsMOJO Rates as 'Strong Sell'
TARC Ltd, a midcap construction and real estate company, has recently declared its financial results for the quarter ending September 2024. The stock call for the company by MarketsMOJO is 'Strong Sell'.
According to the financial report, TARC Ltd has seen a very negative performance in the quarter, with a score of -37, a decrease from -28 in the last 3 months. The net sales for the half-yearly period have also shown a decline of -86.49% year on year, indicating a very negative sales trend in the near term.
The company's profit before tax less other income (PBT) for the quarter has fallen by -133.7% compared to the average PBT of the previous four quarters. Similarly, the profit after tax (PAT) has also shown a decline of -134.6% compared to the average PAT of the previous four quarters. This indicates a very negative trend in the near term for both PBT and PAT.
The interest cost for the quarter has increased by 83.04% quarter on quarter, which signifies increased borrowings for the company. The operating profit to interest ratio is also at its lowest in the last five quarters, indicating a deteriorating ability to manage interest payments.
The operating profit (PBDIT) for the quarter is at its lowest in the last five quarters, and the operating profit margin is also at its lowest at 0.00%. This shows a decline in the company's efficiency.
The debt-equity ratio for the half-yearly period is at its highest in the last five half-yearly periods, indicating that the company is borrowing more to fund its operations. This may lead to a stressed liquidity situation for the company.
In addition, the debtors turnover ratio for the half-yearly period is at its lowest in the last five half-yearly periods, indicating a slower pace of settling debts for the company.
Overall, TARC Ltd's financial performance for the quarter ending September 2024 has been very negative, with declining sales, profitability, and efficiency. The company's stock call of 'Strong Sell' by MarketsMOJO reflects the current state of the company's financials.
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