TCFC Finance Reports Negative Financial Performance in Q2 2024

TCFC Finance, a microcap finance company, has recently declared its financial results for the quarter ending September 2024. According to the data released on November 13, 2024, the company has seen a negative financial performance in the second quarter of the fiscal year 2024-2025.

The financial score for TCFC Finance has fallen to -16 from 13 in the last three months, indicating a decline in its overall financial health. The company's Profit Before Tax less Other Income (PBT) for the quarter has fallen by 68.9% to Rs 1.20 crore, compared to the average PBT of the previous four quarters which was Rs 3.86 crore. This shows a very negative trend in the near term for PBT.

Similarly, the Profit After Tax (PAT) for the quarter has also fallen by 61.8% to Rs 1.15 crore, compared to the average PAT of the previous four quarters which was Rs 3.01 crore. The company's Operating Cash Flow has also been on a decline, with the latest figure being the lowest at Rs -2.28 crore. This indicates a decrease in the company's cash revenues from business operations.

In terms of sales, TCFC Finance has seen a negative trend with a Year on Year (YoY) growth of -32.84% in its Net Sales for the first half of the fiscal year. The company's Operating Profit (PBDIT) for the quarter has also been the lowest in the last five quarters, further highlighting the negative trend in its financial performance.

Overall, TCFC Finance's financial results for the quarter ending September 2024 have not been positive. The company's declining profitability and negative trends in key financial indicators suggest that it may face challenges in the near future. Investors should take note of these factors before making any investment decisions.