Tricom Fruit Products' Q3 Financial Report Shows Mixed Results, Revenue Decreases.

Feb 12 2024 04:25 PM IST
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Tricom Fruit Products, a microcap company in the FMCG industry, reported a decrease in profitability for the quarter ending December 2023. The company's EPS was the highest in the last five quarters, but PBT and revenue showed a negative trend. MarketsMojo has given a 'Sell' call for the company's stock.
Company's profitability has decreased in the last quarter.
Revenue - Quarterly: Decreased to Rs 0.06 cr. from Rs 0.07 cr. in the preceding quarter.Decrease in revenue indicates a slowdown in sales growth for the company.

Tricom Fruit Products, a microcap company in the FMCG industry, recently announced its financial results for the quarter ending December 2023. The company's stock has been given a 'Sell' call by MarketsMOJO.

According to the financial report, Tricom Fruit's performance for the quarter has been flat, with a score of 1 compared to 2 in the previous 3 months. However, there are some positive aspects to the company's financials. The earnings per share (EPS) for the quarter were the highest in the last five quarters, at Rs -0.01. This shows an increase in profitability and the company's ability to generate higher earnings for its shareholders.

Additionally, the profit after tax (PAT) for the nine-month period was higher at Rs 0.06 crore compared to the preceding 12-month period of Rs 0.05 crore. This indicates that the company has already surpassed its sales from the previous year in just nine months.

On the other hand, there are some areas of concern for Tricom Fruit. The profit before tax (PBT) less other income for the quarter was the lowest in the last five quarters at Rs 0.01 crore. This suggests a negative trend in the near term and a decrease in profitability for the company.

Furthermore, the revenue for the quarter decreased to Rs 0.06 crore from Rs 0.07 crore in the previous quarter. This decline in revenue indicates a slowdown in sales growth for Tricom Fruit.

Overall, Tricom Fruit's financial performance for the quarter ending December 2023 has been mixed. While there are some positive aspects, there are also some areas of concern that investors should keep in mind. MarketsMOJO has given a 'Sell' call for the company's stock, and it remains to be seen how Tricom Fruit will perform in the coming months.
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