Tirupati Starch & Chemicals Reports Decline in Financial Performance for Q1 2024
Tirupati Starch & Chemicals, a microcap company in the chemicals industry, recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Sell' call by MarketsMOJO.
According to the financial report, Tirupati Starch has seen a negative performance in the quarter, with a score of -16 compared to -12 in the previous quarter. This indicates a decline in the company's financial health.
The company's Profit Before Tax (PBT) less Other Income has fallen to -389.6% from an average of Rs 0.70 crore in the previous four quarters. This shows a significant decrease in near-term PBT trend. Similarly, the Profit After Tax (PAT) has also fallen by -478.2% compared to the average of the previous four quarters. This indicates a negative trend in near-term PAT.
Tirupati Starch's ability to manage interest payments has also deteriorated, with the Operating Profit to Interest ratio being the lowest in the last five quarters. The company's interest cost has also increased, indicating a rise in borrowings.
The Operating Profit (PBDIT) for the quarter is the lowest in the last five quarters, and the Operating Profit Margin has also decreased to 2.99%. This shows a decline in the company's efficiency.
Overall, the financial results for the quarter ending March 2024 have not been favorable for Tirupati Starch & Chemicals. The company's profitability has declined, and its efficiency has deteriorated. This has resulted in a 'Sell' call for its stock by MarketsMOJO.
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