Asian Tea & Exp Reports Strong Sales Growth and Profitability in Q1 FY25

Asian Tea & Exp, a microcap company in the tea/coffee industry, has recently announced its financial results for the quarter ending March 2024. The company has shown a positive performance with a score of 10, up from 9 in the last 3 months.

One of the key highlights of the financial report is the significant growth in net sales, which has increased by 86.26% year on year to Rs 30.64 crore. This indicates a strong sales trend for the company. Additionally, the company has also reported its highest quarterly profit after tax (PAT) in the last five quarters, at Rs 0.54 crore. This shows a positive trend in the company’s profitability in the near term. The earnings per share (EPS) have also increased to Rs 0.27, indicating that the company has created higher earnings for its shareholders.

However, the company’s non-operating income for the quarter is 183.93% of the profit before tax (PBT). This suggests that the company’s income from non-business activities is high, which may not be a sustainable business model.

Based on these financial results, MarketsMOJO has given a ‘Sell’ call for Asian Tea & Exp’s stock. Investors should carefully consider these factors before making any investment decisions.

Overall, Asian Tea & Exp has shown a positive financial performance in the quarter ending March 2024. However, investors should also take into account the company’s non-operating income and make an informed decision.