Tarmat Reports Negative Performance in Q1 2024, Lowest Sales in 5 Quarters
Tarmat, a microcap company in the capital goods industry, reported a negative performance for the quarter ending March 2024. Net sales and profit after tax showed significant declines compared to the previous year, with the lowest figures in the last five quarters. This has led to a 'Strong Sell' recommendation from MarketsMojo.
Tarmat, a microcap company in the capital goods industry, recently announced its financial results for the quarter ending March 2024. According to the report released on May 31, 2024, the company has seen a negative performance in this quarter. This trend has remained consistent for the past three months.
The net sales for the quarter were reported at Rs 20.68 crore, showing a significant decline of 50.71% compared to the same quarter last year. This indicates a very negative sales trend in the near term. Similarly, the profit after tax (PAT) for the half-yearly period was reported at Rs 0.39 crore, showing a decline of 41.47% compared to the previous year. This also reflects a negative trend in the near term.
In addition, Tarmat's net sales for the quarter were the lowest in the last five quarters, further highlighting the negative sales trend. The operating profit (PBDIT) for the quarter was also the lowest in the last five quarters at Rs 0.20 crore, indicating a negative trend in the near term. The profit before tax less other income (PBT) for the quarter was also the lowest in the last five quarters at Rs -0.17 crore, showing a negative trend in the near term.
The earnings per share (EPS) for the quarter were reported at Rs -1.10, the lowest in the last five quarters. This indicates a declining profitability and lower earnings for shareholders. Based on these financial results, MarketsMOJO has given a 'Strong Sell' call for Tarmat's stock. It is important for investors to carefully consider these financials before making any investment decisions.
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