Tyche Industries Reports Negative Financial Performance in Q1 FY25

Tyche Industries, a microcap company in the chemicals industry, recently announced its financial results for the quarter ending June 2024. The results, declared on August 10, have received a “Strong Sell” rating from MarketsMOJO.

According to the financial report, Tyche Industries has seen a negative performance in the quarter, with a score of -9 compared to -17 in the previous quarter. This indicates a slight improvement, but the company still has a long way to go.

One of the major factors contributing to the negative performance is the decline in net sales. The company’s net sales for the quarter were Rs 15.52 crore, which is a decrease of 10.7% compared to the average net sales of the previous four quarters, which stood at Rs 17.38 crore. This trend is expected to continue in the near term.

Another concerning aspect is the company’s profit after tax (PAT) for the half-yearly period. The PAT for the quarter was Rs 4.83 crore, showing a decline of 29.07% compared to the same period last year. This indicates a negative trend in the company’s profitability in the near term.

Additionally, the company’s non-operating income for the quarter was 41.76% of the profit before tax (PBT). This suggests that a significant portion of the company’s income is coming from non-business activities, which is not a sustainable business model.

Overall, Tyche Industries has reported a negative financial performance for the quarter ending June 2024. Investors should carefully consider these factors before making any investment decisions.