Tirupati Foam's Q3 Financial Report Shows Decline in Sales and Profitability

Nov 14 2024 06:03 PM IST
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Tirupati Foam, a microcap company in the miscellaneous industry, reported a flat performance for the quarter ending September 2024 with a score of -5 compared to -2 in the previous quarter. The decline in net sales by 12.3% and operating profit at its lowest in the last five quarters raises concerns for shareholders.

Tirupati Foam, a microcap company in the miscellaneous industry, recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Hold' call by MarketsMOJO.

According to the financial report, Tirupati Foam's performance for the quarter has been flat, with a score of -5 compared to -2 in the previous quarter. This indicates a decline in the company's overall financial health.

One of the major factors contributing to this decline is the decrease in net sales, which have fallen by 12.3% compared to the average of the previous four quarters. The company's net sales for the quarter were Rs 23.08 crore, the lowest in the last five quarters. This trend is expected to continue in the near term.

Additionally, the company's operating profit (PBDIT) for the quarter was also at its lowest in the last five quarters, at Rs 2.07 crore. This indicates a negative trend in the company's profitability.

Furthermore, the earnings per share (EPS) for the quarter were at its lowest in the last five quarters, at Rs 1.02. This decline in profitability is a cause for concern for shareholders.

Overall, Tirupati Foam's financial performance for the quarter has been disappointing. The company will need to address these issues and implement strategies to improve its financial health in the future.
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