Triveni Glass Announces Q2 FY25 Financial Results, Shows Mixed Performance

Triveni Glass, a microcap company in the glass industry, recently announced its financial results for the quarter ending September 2024. The results have been declared on October 24, 2024, and according to MarketsMOJO, the stock call for Triveni Glass is ‘Strong Sell’.

The company’s financial performance for the quarter has remained flat, with a score of 3 out of 10, a decrease from 8 in the last three months. However, there are some positive aspects to the financials of Triveni Glass.

The Profit Before Tax less Other Income (PBT) for the quarter is the highest at Rs -0.17 crore and has shown growth in each of the last five quarters. This indicates a positive trend in the near term for PBT. Similarly, the Operating Profit (PBDIT) for the quarter is also the highest at Rs -0.16 crore in the last five quarters, with a positive trend in the near term.

Moreover, the Profit After Tax (PAT) for the nine-month period is higher at Rs 1.58 crore compared to the preceding 12-month period ending September 2024, which was Rs 1.51 crore. This shows that the company has already surpassed its sales from the previous year in just nine months.

However, there are some areas that need improvement for Triveni Glass. The Earnings per Share (EPS) for the quarter is the lowest at Rs -0.04 in the last five quarters, indicating a decline in profitability and lower earnings for shareholders.

Overall, Triveni Glass has shown a mixed performance in its financials for the quarter ending September 2024. Investors should carefully consider these factors before making any investment decisions.