TIL Reports Record Quarterly Sales Amid Rising Interest Expenses and Declining EPS

TIL, a small-cap company in the engineering sector, recently reported its financial results for the quarter ending December 2024. The results indicate a notable performance in several areas, with net sales reaching Rs 79.14 crore, reflecting a significant year-on-year growth of 556.22%. This marks the highest quarterly sales figure for the company in the last five quarters, suggesting a positive near-term sales trend.
Additionally, TIL's operating profit to interest ratio has improved, recorded at 0.32 times, which is the highest in the past five quarters. This improvement indicates a better capacity for the company to manage its interest payments. The operating profit (PBDIT) also reached its peak at Rs 2.64 crore during this period, further supporting the positive operational outlook.

However, challenges remain for TIL. The interest expense for the half-yearly period has increased to Rs 16.11 crore, growing by 40.58% compared to the previous half-year. This rise in interest costs suggests a higher level of borrowings. Furthermore, the earnings per share (EPS) has reached its lowest point in the last five quarters at Rs -0.56, indicating a decline in profitability and lower earnings for shareholders.

In light of these developments, TIL has experienced an adjustment in its evaluation, with its score reflecting these changes.

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