Tiger Logistics (India) Reports Negative Financial Results for Q3 2023, Stock Receives 'Sell' Rating
Tiger Logistics (India), a microcap logistics company, recently announced its financial results for the quarter ending December 2023. The company's stock has been given a 'Sell' call by MarketsMOJO.
According to the financial report, Tiger Logistics has seen a negative performance in the quarter, with a score of -18, which has improved from -25 in the last 3 months. This indicates that the company's financials have not been performing well.
One of the major factors contributing to this negative performance is the decline in net sales. The company's net sales for the quarter were Rs 51.95 crore, which is a decrease of 37.28% compared to the same quarter last year. This trend is expected to continue in the near term.
Another concerning aspect is the decline in Profit Before Tax less Other Income (PBT). The company's PBT for the quarter was Rs 3.77 crore, which is a decrease of 56.32% compared to the same quarter last year. This indicates a negative trend in the company's profitability in the near term.
Furthermore, the company's Profit After Tax (PAT) for the half-yearly period has also seen a decline of 57.38% compared to the previous year. This is a cause for concern as it shows a negative trend in the company's overall financial performance.
In conclusion, Tiger Logistics (India) has reported negative financial results for the quarter ending December 2023. The company's stock has been given a 'Sell' call by MarketsMOJO, indicating that investors should be cautious when considering this stock.
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