TCFC Finance Reports Positive Financial Results for Q1 FY25, PAT and Net Sales Show Strong Growth
TCFC Finance, a microcap finance company, has recently announced its financial results for the quarter ending June 2024. The company’s stock has been given a ‘Hold’ call by MarketsMOJO.
According to the financial report, TCFC Finance has shown positive performance in the quarter, with a score of 13 compared to 18 in the previous quarter. This indicates a growth in the company’s overall financial health.
One of the key highlights of the financial report is the company’s Profit After Tax (PAT) for the half-yearly period, which has grown by 84.19% year on year, reaching Rs 6.06 crore. This shows a very positive trend in the company’s profitability.
Another positive aspect is the company’s Net Sales for the half-yearly period, which has grown by 58.90% year on year, reaching Rs 8.39 crore. This indicates a strong sales performance in the near term.
However, the company’s Operating Cash Flow for the annual period has been the lowest at Rs -2.28 crore and has fallen each year in the last three years. This suggests that the company’s cash revenues from business operations are declining.
Overall, TCFC Finance has shown a positive financial performance in the quarter ending June 2024, with a strong growth in PAT and Net Sales. However, the company needs to address its declining Operating Cash Flow to maintain a stable financial position. Investors are advised to hold their positions in the company’s stock, as recommended by MarketsMOJO.
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