TGB Banquets & Hotels Reports Flat Performance in Q1 FY25, Lowest Net Sales in 5 Quarters

Aug 16 2024 08:49 AM IST
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TGB Banquets & Hotels, a microcap company in the hotel industry, reported a flat performance in the quarter ending June 2024 with a score of -4, an improvement from -11 in the previous quarter. However, net sales have fallen by -21.6% compared to the average of the last four quarters, indicating a negative trend in near-term sales. Investors should carefully consider the company's financials and market trends before making any investment decisions.

TGB Banquets & Hotels, a microcap company in the hotel industry, recently announced its financial results for the quarter ending June 2024. The company’s stock call has been marked as ‘Sell’ by MarketsMOJO.

According to the financial report, TGB Banquets has seen a flat performance in the quarter, with a score of -4, which has improved from -11 in the last three months. However, the company’s net sales for the quarter have fallen by -21.6% compared to the average net sales of the previous four quarters, which stood at Rs 9.02 crore. This indicates a negative trend in the company’s near-term sales.


Moreover, the company’s net sales for the quarter were the lowest in the last five quarters, standing at Rs 7.07 crore. This further highlights the negative trend in the company’s sales in the near term.


While TGB Banquets & Hotels has not received a positive stock call from MarketsMOJO, it is important to note that this is based on the company’s financial performance in the quarter ending June 2024. It is advisable for investors to carefully analyze the company’s financials and market trends before making any investment decisions.


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