Tiger Logistics (India) Shows Strong Financial Performance in Q1 2024
Tiger Logistics (India) has reported its financial results for the quarter ending March 2024, with a flat performance compared to the previous quarter. However, there are positive trends seen in the company's financials, such as an 82.4% increase in PAT and a 51.88% growth in net sales. The company's profitability has also improved, with the highest PBT, PAT, and EPS in the last five quarters. MarketsMojo has given a 'Sell' call for the stock, based on these results.
Tiger Logistics (India) has recently announced its financial results for the quarter ending March 2024. The company has shown a flat performance in this quarter, with a score of 5 compared to -21 in the previous quarter. However, there are some positive trends that can be seen in the financials.One of the key highlights is the growth in Profit After Tax (PAT) which has increased by 82.4% year on year, indicating a strong performance. The net sales have also shown a significant growth of 51.88% year on year, which is a positive sign for the company. The Profit Before Tax less Other Income (PBT) has also grown by 74.79% year on year, further strengthening the company's financials.
In addition, the net sales for this quarter have been the highest in the last five quarters, showing a positive trend in the company's sales performance. The Operating Profit (PBDIT) for this quarter has also been the highest in the last five quarters, indicating a positive trend in the company's operational efficiency.
The company's profitability has also improved, with the highest PBT, PAT, and EPS in the last five quarters. This shows that Tiger Logistics has been able to create higher earnings for its shareholders.
Based on these financial results, MarketsMOJO has given a 'Sell' call for Tiger Logistics' stock. However, it is important to note that this is not a recommendation and should not be considered as such. This article is purely based on the facts and figures provided by the company's financial results.
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