Talbros Automotive Components Reports Mixed Performance in Q1 FY25 Financial Results

Talbros Automotive Components, a smallcap company in the auto ancillary industry, recently declared its financial results for the quarter ended June 2024. The company’s stock has been given a ‘Hold’ call by MarketsMOJO.

According to the financials, Talbros Auto. has seen a flat performance in the quarter, with a score of 5 out of 20, which is a decrease from the previous quarter. However, there are some positive aspects to the company’s performance. The net sales for the quarter were the highest in the last five quarters, at Rs 204.35 crore, and have been growing consistently. The debt-equity ratio has also been decreasing, indicating that the company is reducing its borrowing compared to equity capital. The profit after tax (PAT) for the nine-month period has also shown a growth of 32.04% year on year, with a positive trend in the near term.

On the other hand, there are some areas where Talbros Auto. needs to improve. The profit before tax (PBT) for the quarter has fallen by -6.0% compared to the average PBT of the previous four quarters. The debtors turnover ratio has also decreased, indicating a slower pace in settling debts. Additionally, the non-operating income for the quarter was the highest in the last five quarters, which may not be sustainable in the long run.

Overall, Talbros Automotive Components has shown a mixed performance in the quarter ended June 2024. While there are some positive aspects, there are also areas that need improvement. Investors are advised to hold their position in the stock and keep a close eye on the company’s future financial results.