Times Guaranty Announces Q3 Financial Results

Oct 27 2023 12:00 AM IST
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Microcap finance company Times Guaranty has reported flat net sales and a decline in standalone net profit for the quarter ended September 2023. According to financial research firm MarketsMojo, the stock call for Times Guaranty is 'Sell' based on its quarterly performance. However, the company has shown consistent growth in operating cash flow and a higher profit after tax for the nine-month period.
Times Guaranty, a microcap finance company, has recently announced its financial results for the quarter ended September 2023. The company's net sales for the quarter remained flat at 0.00% growth compared to the previous quarter. However, the standalone net profit saw a decline of 16.00% in the same period.

According to the analysis by MarketsMOJO, a leading financial research firm, the stock call for Times Guaranty is 'Sell'. This is based on the company's quarterly performance and other factors.

The operating profit (PBDIT) excluding other income also saw a decline of 16.39% in the quarter ended September 2023, compared to a growth of 84.85% in the previous quarter. The company did not have any interest expenses in the last few periods, but the operating profit margin (excluding other income) has fallen from the previous quarter.

Despite the flat financial performance, there are some positive aspects for Times Guaranty. The company has shown a consistent growth in operating cash flow annually, with the highest at Rs 8.64 crore in the last three years. Additionally, the profit after tax (PAT) for the nine-month period was higher at Rs 1.28 crore compared to the preceding 12-month period.

Overall, Times Guaranty's financial performance for the quarter ended September 2023 has been neutral. The company's score has fallen from 8 to 4 in the last three months, indicating a decline in performance. Investors are advised to carefully consider all factors before making any investment decisions.
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