Trans India House Impex Reports Strong Growth

Nov 02 2023 12:00 AM IST
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Trans India House Impex, a microcap IT hardware company, has reported a significant increase in net sales and net profit for the quarter ended September 2023. However, the operating profit has decreased and the company's overall financial performance has improved. The company's cash and cash equivalents have also shown a positive trend.

Trans India House Impex, a microcap IT hardware company, has recently declared its financial results for the quarter ended September 2023. The company's stock has been given a 'Hold' call by MarketsMOJO.

According to the quarterly analysis, Trans India has shown a significant growth in net sales, with a 133.07% increase compared to the previous quarter. The standalone net profit has also seen a positive growth of 108.82%. However, the operating profit (PBDIT) excluding other income has decreased by 106.90% compared to the previous quarter.

Despite the negative trend in operating profit, Trans India's overall financial performance for the quarter has improved, with a score of 12 compared to 11 in the last 3 months. The company's half-yearly net sales have also shown a strong growth of 166.50% year on year, indicating a positive sales trend.

On the other hand, the company's operating profit and profit before tax (PBT) have been consistently decreasing in the last five quarters. Additionally, the non-operating income is significantly high, which may not be sustainable for the company's long-term business model.

However, Trans India's cash and cash equivalents have shown a positive trend, with the highest amount of Rs 14.48 crore in the last six half-yearly periods. This indicates an improvement in short-term liquidity for the company.

Overall, Trans India House Impex has shown a positive financial performance for the quarter ended September 2023, with strong growth in net sales and net profit. However, the company's operating profit and non-operating income may need to be closely monitored for sustainable growth in the future.
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