Triveni Glass Reports Decline in Financial Performance for Q4 2023

Jan 29 2024 06:00 PM IST
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Triveni Glass, a microcap company in the glass industry, reported its financial results for the quarter ending December 2023. The results, declared on January 29, 2024, have received a 'Sell' call from MarketsMojo. The company's PAT and Operating Profit have declined significantly, indicating a negative trend in the near term. Investors are advised to carefully consider the company's performance before making any decisions.

Triveni Glass, a microcap company in the glass industry, recently announced its financial results for the quarter ending December 2023. The results, declared on January 29, 2024, have received a 'Sell' call from MarketsMOJO.

According to the financial report, Triveni Glass has shown a flat performance in the last quarter, with a score of -4 compared to 6 in the previous three months. This decline in score can be attributed to various factors.

One of the major concerns for Triveni Glass is its Profit After Tax (PAT) for the quarter, which has fallen by 74.3% to Rs 0.16 crore from an average of Rs 0.62 crore in the previous four quarters. This indicates a negative trend in the near term for the company's PAT.

Similarly, the Operating Profit (PBDIT) for the quarter has also been the lowest in the last five quarters at Rs -0.58 crore. This is a cause for concern as the near term trend for Operating Profit is also negative.

Overall, the financial results for the quarter ending December 2023 have not been favorable for Triveni Glass. Investors are advised to take note of the company's declining performance and make informed decisions.
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