Teesta Agro Industries Reports Negative Financial Performance

Nov 01 2023 12:00 AM IST
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Teesta Agro Industries, a microcap fertilizer company, reported a 52.92% increase in net sales for the September quarter, but a -2.22% decrease in standalone net profit. Operating profit showed a positive growth of 2.31%, but interest expenses declined by -8.70%. However, the company's overall score has fallen from -8 to -17 in the last three months. Year on year, net sales and profit before tax have seen a decline of -64.94% and -70.15% respectively, while the earnings per share were at its lowest in the last five quarters. The debtors turnover ratio for the half-yearly period was also at its lowest in the last five periods,

Teesta Agro Industries, a microcap company in the fertilizer industry, has recently announced its financial results for the quarter ended September 2023. The company's net sales for the quarter showed a significant growth of 52.92% compared to the previous quarter, which had a decline of -3.64%. However, the standalone net profit for the quarter saw a slight decrease of -2.22% compared to the previous quarter's decline of -84.38%.

The operating profit (PBDIT) excluding other income also showed a positive growth of 2.31% in the September quarter, compared to a decline of -69.91% in the June quarter. However, the interest expenses for the company saw a decline of -8.70% in the September quarter, after a significant increase of 187.50% in the June quarter.

Despite the positive growth in some areas, Teesta Agro Industries has seen a negative financial performance in the September quarter. The company's overall score has fallen from -8 to -17 in the last three months.

The net sales for the quarter have fallen by -64.94% year on year, indicating a negative trend in the company's sales. The profit before tax (PBT) has also seen a decline of -70.15% year on year, showing a negative trend in the company's profitability. The earnings per share (EPS) for the quarter were at its lowest in the last five quarters, indicating a decline in profitability and lower earnings for shareholders.

Additionally, the debtors turnover ratio for the half-yearly period was at its lowest in the last five periods, indicating a slower pace in settling the company's debtors.

Overall, Teesta Agro Industries has shown a negative trend in its financial performance for the September quarter. Investors should carefully consider these factors before making any investment decisions.
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