Times Guaranty Reports Improved Profitability in Q1, Stock Receives 'Sell' Rating
Times Guaranty, a microcap finance company, has reported a flat performance in the quarter ending March 2024, with a score of 2 out of 5. However, the company's Profit After Tax and Earnings per Share have shown improvement, indicating a positive trend in near-term profitability. Investors should monitor future financial reports for potential growth.
Times Guaranty, a microcap finance company, has recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Sell' call by MarketsMOJO, a leading financial analysis platform.According to the financial report, Times Guaranty has shown a flat performance in the quarter, with a score of 2 out of 5. However, this is an improvement from the previous quarter's score of 1. Despite this, the company's financials have some positive aspects.
One of the highlights of the quarter is the Profit After Tax (PAT), which stands at Rs 0.56 crore, the highest in the last five quarters. This shows a positive trend in the company's near-term profitability. Additionally, the Earnings per Share (EPS) for the quarter is also at its highest in the last five quarters, at Rs 0.62. This indicates that the company has been able to generate higher earnings for its shareholders.
While the overall financial performance may not be impressive, Times Guaranty has shown some promising numbers in terms of profitability. Investors should keep an eye on the company's future financial reports to see if this positive trend continues.
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