Tasty Dairy's Q3 Financial Results Decline

Tasty Dairy Specialities, a microcap FMCG company, recently declared its financial results for the quarter ended September 2023. The company's stock has been given a 'Sell' call by MarketsMOJO.

According to the quarterly analysis, Tasty Dairy's net sales saw a decline of 60.22% in the quarter ended September 2023, compared to a decline of 34.47% in the previous quarter. However, the standalone net profit showed a growth of 52.34% in the same period, as opposed to a decline of 245.16% in the previous quarter. The operating profit (PBDIT) also showed a positive growth of 107.50%, compared to a decline of 239.62% in the previous quarter. The interest cost saw a slight increase of 5.81% in the quarter ended September 2023, compared to 7.50% in the previous quarter. The operating profit margin (excluding other income) also showed an improvement from the previous quarter.

Despite the negative financial performance, Tasty Dairy's score has improved from -15 to -11 in the last three months. The company's ability to manage interest payments has also improved, with the highest operating profit to interest ratio in the last five quarters. The operating profit (PBDIT) has also shown a positive trend in the near term, with the highest value of Rs 0.27 crore in the last five quarters. The operating profit margin has also improved, with the highest value of 3.15% in the last five quarters, indicating an increase in efficiency.

However, there are some areas that are not working in favor of Tasty Dairy. The net sales have fallen by 64.05% year on year, with a negative trend in the near term. The profit after tax (PAT) has also shown a decline of 126.7% year on year, with a negative trend in the near term. The interest cost has also increased by 30.15% in the last half-yearly period, indicating a rise in borrowings. The net sales have also reached the lowest value of Rs 8.56 crore in the last five quarters, with a negative trend in the near term.

Overall, Tasty Dairy's financial performance for the quarter ended September 2023 has been negative, but there are some positive trends that indicate potential for improvement in the future. Investors should keep a close eye on the company's performance in the coming quarters.