T & I Global's Financial Report Shows Mixed Results for Q4 2023

Feb 12 2024 06:00 PM IST
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T & I Global, a microcap company in the tea/coffee industry, reported flat performance with a score of 0 in the last quarter. However, its half-yearly PAT has grown by 31.41% year on year. On the downside, net sales and PBT have decreased significantly, and the company's operating profit margin is at its lowest. MarketsMojo has given a 'Hold' call for the stock.

T & I Global, a microcap company in the tea/coffee industry, recently announced its financial results for the quarter ending December 2023. According to the report, the company's performance has remained flat with a score of 0, down from 20 in the last 3 months.

However, there are some positive aspects to T & I Global's financials. The company's Profit After Tax (PAT) for the half-yearly period has grown by 31.41% year on year, indicating a positive trend in the near term.

On the other hand, there are also some concerning factors in the financial report. The company's Net Sales for the quarter have fallen by -21.1% compared to the average of the previous four quarters. This trend is also reflected in the company's Profit Before Tax less Other Income (PBT), which has decreased by -91.7% over the average of the previous four quarters.

Moreover, T & I Global's Net Sales and Operating Profit (PBDIT) for the quarter are at their lowest in the last five quarters, indicating a negative trend in the near term. The company's Operating Profit Margin has also decreased to its lowest at 1.94%, showing a decline in efficiency.

Additionally, the company's Non-Operating Income is 92.66% of its Profit Before Tax, which suggests that a significant portion of its income is from non-business activities, which may not be sustainable in the long run.

Based on these financial results, MarketsMOJO has given a 'Hold' call for T & I Global's stock. Investors should carefully consider these factors before making any investment decisions.
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