T N Newsprint's Financial Results Show Significant Decline, Receives 'Strong Sell' Rating

Tamil Nadu Newsprint & Papers, a smallcap company in the paper and paper products industry, recently announced its financial results for the quarter ending September 2024. However, the news is not positive for the company as it has received a 'Strong Sell' call from MarketsMOJO.

According to the financials, T N Newsprint has seen a very negative performance in the second quarter of FY24-25. The company's score has fallen from -14 to -20 in the last three months, indicating a decline in its financial health.

Some key areas that are not working for T N Newsprint based on the September 2024 financials include a significant decrease in Profit Before Tax (PBT) and Profit After Tax (PAT) by -129.50% and -91.5% respectively, compared to the same period last year. The company's ability to manage interest payments has also deteriorated, with the Operating Profit to Interest ratio at its lowest in the last five quarters.

Moreover, the company's net sales have also decreased significantly, with the lowest recorded in the last five quarters. The Operating Profit (PBDIT) has also seen a decline, along with the Profit Before Tax (PBT), which is at its lowest in the last five quarters. Additionally, the company's non-operating income is high, which is not a sustainable business model.

The earnings per share (EPS) have also decreased, indicating a decline in profitability and lower earnings for shareholders. With these financial results, it is not surprising that MarketsMOJO has given a 'Strong Sell' call for T N Newsprint.