T & I Global's Financial Performance Shows Significant Decline in Q1 2024
T & I Global, a microcap company in the tea/coffee industry, has recently declared its financial results for the quarter ending March 2024. The stock has been given a 'Strong Sell' call by MarketsMOJO.
According to the financial report, T & I Global has seen a significant decline in its performance, with a score of -23 compared to -12 in the previous quarter. This decline can be attributed to various factors, including a sharp decrease in net sales, profit before tax, and profit after tax.
The company's net sales for the quarter were at Rs 15.76 crore, which is a 65.6% decrease from the average net sales of the previous four quarters. This indicates a very negative trend in the company's sales performance in the near term.
Similarly, the profit before tax (PBT) and profit after tax (PAT) have also seen a significant decline of 77% compared to the average of the previous four quarters. This suggests a negative trend in the company's profitability in the near term.
Moreover, T & I Global's net sales have been consistently falling in the last five quarters, with the lowest being Rs 15.76 crore in the current quarter. This further reinforces the negative sales trend for the company.
Additionally, the company's debtors turnover ratio, which measures the pace of settling its debtors, has also decreased to 2.71 times in the last five half-yearly periods. This indicates a slowdown in the company's ability to collect payments from its debtors.
Overall, T & I Global's financial performance for the quarter ending March 2024 has been very negative, as reflected by the 'Strong Sell' call given by MarketsMOJO. Investors should carefully consider these factors before making any investment decisions related to the company's stock.
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