Longview Tea Company Announces Q1 Financial Results, PAT Surpasses Previous Year's Sales

Longview Tea Company, a microcap trading company, has recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Sell' call by MarketsMOJO.

According to the financial report, Longview Tea's performance for the quarter has been flat, with a score of -1 compared to 7 in the previous quarter. However, there are some positive aspects to the company's financials. The Profit After Tax (PAT) for the nine-month period is higher at Rs 1.05 crore compared to the preceding 12-month period of Rs 0.69 crore. This indicates that the company has already surpassed its sales from the previous year in just nine months.

On the other hand, there are also some areas of concern for Longview Tea. The Operating Profit (PBDIT) for the quarter is at its lowest in the last five quarters, at Rs -0.13 crore. The trend for near-term Operating Profit is also negative. Similarly, the Profit Before Tax less Other Income (PBT) for the quarter is at its lowest in the last five quarters, at Rs -0.14 crore. The trend for near-term PBT is also negative.

Despite these challenges, Longview Tea remains committed to its trading business and is continuously working towards improving its financial performance. Investors are advised to carefully consider these factors before making any investment decisions.