TIL Reports Strong Financial Results with 163.99% Increase in PAT for Half-Yearly Period

TIL, a smallcap engineering company, has recently announced its financial results for the quarter ended June 2024. The company has shown a very positive performance with a score of 21, which is an improvement from the previous score of 13 in the last 3 months.

One of the major highlights of the financial results is the significant growth in Profit After Tax (PAT) for the half-yearly period, which has increased by 163.99% year on year. This trend is expected to continue as the company has already surpassed its PAT for the previous 12 months in just half a year.

The company has also seen a positive trend in its net sales for the quarter, which is the highest in the last five quarters. Additionally, the operating profit (PBDIT) for the quarter is also at its highest in the last five quarters, indicating a positive trend in the near term.

However, TIL's debt-equity ratio has been consistently increasing in the last five half-yearly periods, which may raise concerns about its liquidity situation. The company's non-operating income has also increased significantly in the last quarter, but it may not be sustainable in the long run.

Based on these financial results, MarketsMOJO has given a 'Sell' call for TIL's stock. Investors should carefully consider these factors before making any investment decisions.