Tarmat's Q3 Financial Results Show Decline, Receives 'Strong Sell' Rating from MarketsMOJO

Tarmat, a microcap company in the capital goods industry, recently announced its financial results for the quarter ending December 2023. The results have been declared on February 14, 2024. According to MarketsMOJO, a leading stock analysis platform, the stock call for Tarmat is currently 'Strong Sell'.

The company has seen a negative financial performance in the quarter, with its score falling from -13 to -17 in the last three months. This decline can be attributed to various factors, including a decrease in net sales and profit after tax (PAT).

In terms of net sales, Tarmat reported a decline of -29.42% year on year (YoY), with quarterly sales at Rs 22.70 crore. The near-term sales trend for the company is also negative. Similarly, the PAT for the half-yearly period has also shown a decline of -22.41% YoY, with Rs 0.40 crore in profits. The near-term trend for PAT is also negative.

Moreover, Tarmat's earnings per share (EPS) for the quarter were at its lowest in the last five quarters, at Rs 0.06. This indicates a declining profitability for the company, which may not be favorable for shareholders.

Overall, Tarmat's financial results for the quarter ending December 2023 have not been positive. With a 'Strong Sell' stock call from MarketsMOJO, investors may want to carefully consider their options before making any investment decisions related to Tarmat.