Timex Group India Reports Negative Performance in Q1 FY25, MarketsMOJO Gives 'Sell' Call.

Jul 31 2024 09:00 PM IST
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Timex Group India, a smallcap company in the lifestyle industry, has reported a negative performance for the quarter ending June 2024. The company's Profit Before Tax and Profit After Tax have both seen significant declines, indicating potential struggles in the near future. MarketsMojo has given a 'Sell' call for Timex Group's stock based on these financials.

Timex Group India, a smallcap company in the lifestyle industry, recently announced its financial results for the quarter ending June 2024. According to the latest report, the company has seen a negative performance with a score of -12, a significant decrease from -7 in the last three months.

One of the major factors contributing to this decline is the Profit Before Tax (PBT) less Other Income, which has fallen by 48.49% year on year to Rs 2.73 crore. The near-term trend for PBT is also negative, indicating a potential struggle for the company in the coming months.


Similarly, the Profit After Tax (PAT) has also seen a significant decline of 42.8% year on year to Rs 2.43 crore. The near-term trend for PAT is also negative, further highlighting the challenges faced by Timex Group.


Based on these financials, MarketsMOJO has given a ‘Sell’ call for Timex Group’s stock. This suggests that investors should be cautious when considering investing in the company’s stock.


It is important to note that this article is based on factual information and does not include any external data or sources. It is intended to provide a neutral and informative overview of Timex Group’s financial performance for the quarter ending June 2024.


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