TGB Banquets & Hotels Shows Positive Growth

TGB Banquets & Hotels, a microcap company in the hotel industry, has recently declared its financial results for the quarter ended September 2023. The company's net sales have shown a growth of 13.82% quarter-on-quarter (QoQ), which is a significant improvement from the previous quarter's decline of -16.27%. The standalone net profit has also shown a positive growth of 5.88% QoQ, compared to a decline of -66.67% in the previous quarter.

However, the operating profit (PBDIT) excluding other income has shown a decline of -10.84% QoQ, after a significant growth of 208.50% in the previous quarter. The interest expenses have also shown a decline of -20.45% QoQ, after a steep increase of 91.30% in the previous quarter. This has resulted in a decrease in the operating profit margin (excluding other income) from the previous quarter.

Despite the flat financial performance in the quarter, TGB Banquets has shown a positive trend in its profit after tax (PAT) for the nine-month period, which is higher at Rs 0.86 crore compared to the preceding 12-month period ended September 2023 of Rs -2.18 crore. This indicates a potential turnaround for the company in the near future.

However, it is important to note that the company's overall score has fallen from 5 to 1 in the last three months, according to MarketsMOJO's stock call of 'Sell'. This suggests caution for investors and highlights the need for further analysis before making any investment decisions.