TGB Banquets & Hotels Reports Negative Financial Performance in Q1 2024
TGB Banquets & Hotels, a microcap company in the hotel industry, recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Strong Sell' rating by MarketsMOJO.
According to the financial report, TGB Banquets has seen a negative performance in the quarter, with a score of -10 compared to 6 in the previous quarter. This decline can be attributed to several factors, including a significant decrease in Profit Before Tax (PBT) and Profit After Tax (PAT). PBT has fallen by 1075.0% to Rs -7.99 crore, while PAT has decreased by 1302.6% to Rs -4.57 crore.
The company's Operating Profit (PBDIT) has also taken a hit, with the lowest value of Rs -6.48 crore in the last five quarters. This indicates a negative trend in the near term. Additionally, the Operating Profit Margin has reached its lowest point of -72.97%, showing a decline in the company's efficiency.
TGB Banquets' PBT has also hit its lowest point in the last five quarters, further highlighting the negative trend in the company's performance. The Earnings per Share (EPS) have also decreased to Rs -1.56, indicating a decline in profitability and lower earnings for shareholders.
Overall, TGB Banquets & Hotels has seen a negative financial performance in the quarter ending March 2024. Investors should take note of the company's declining profitability and consider the 'Strong Sell' rating given by MarketsMOJO before making any investment decisions.
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