Tirupati Starch & Chemicals Announces Q2 FY25 Results, Receives 'Strong Sell' Rating

Tirupati Starch & Chemicals, a microcap company in the chemicals industry, recently announced its financial results for the quarter ending September 2024. The company’s stock has been given a ‘Strong Sell’ call by MarketsMOJO.

According to the financial report, Tirupati Starch’s performance for Q2 FY24-25 has been flat, with a score of 2 compared to -16 in the previous quarter. However, there are some positive aspects to the company’s financials.

The net sales for the quarter were the highest in the last five quarters, at Rs 103.27 crore. This is a 30.3% growth over the average net sales of the previous four quarters, indicating a positive sales trend in the near term.

On the other hand, there are some areas of concern for Tirupati Starch. The interest cost for the nine-month period has increased by 35.87%, indicating a rise in borrowings. Additionally, the company’s operating cash flow for the last three years has been the lowest at Rs -34.16 crore, indicating a decline in cash revenues from business operations.

Despite these challenges, Tirupati Starch remains committed to its business and is continuously striving to improve its financial performance. The company is focused on finding ways to reduce its interest costs and increase its operating cash flow in the coming quarters.

Investors are advised to carefully consider these financial results before making any investment decisions. MarketsMOJO’s ‘Strong Sell’ call also serves as a cautionary note for potential investors.