Tuni Textile Mills Reports Positive Profitability, But Decline in Sales for Q2 2024

Nov 14 2024 09:19 PM IST
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Tuni Textile Mills, a microcap company in the textile industry, has reported positive financial results for the quarter ending September 2024. The company's Profit After Tax has reached its highest in the last five quarters, indicating a positive trend in profitability. However, Net Sales have decreased, suggesting a negative trend in sales. Investors should carefully evaluate these factors before investing.

Tuni Textile Mills, a microcap company in the textile industry, has recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Strong Sell' call by MarketsMOJO.

According to the financial report, Tuni Textile Mills has shown positive performance in the second quarter of the fiscal year 2024-2025. However, the company's overall score has decreased from 17 to 11 in the last three months.

One of the key factors contributing to the positive performance is the company's Profit After Tax (PAT), which has reached its highest in the last five quarters at Rs 0.15 crore. This indicates a positive trend in the near term for the company's profitability. Additionally, the company's Earnings per Share (EPS) has also increased to Rs 0.01, showing that Tuni Textile Mills has been able to generate higher earnings for its shareholders.

On the other hand, the company's Net Sales for the quarter have fallen by -7.2% compared to the average of the previous four quarters. This indicates a negative trend in the near term for the company's sales.

Overall, Tuni Textile Mills has shown a mixed performance in the recent quarter, with positive trends in profitability but a decline in sales. Investors should carefully consider these factors before making any investment decisions.
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