Times Guaranty Reports Positive Growth in Operating Profit and PAT for Q4 2023

Times Guaranty, a microcap finance company, recently announced its financial results for the quarter ended December 2023. The company's stock has been given a 'Sell' call by MarketsMOJO.

According to the financials, Times Guaranty has seen a flat performance in the quarter, with a score of 3 out of 4 in the last 3 months. However, there are some positive aspects to the company's performance.

The operating profit (PBDIT) for the quarter was the highest in the last five quarters, at Rs 0.68 crore. The near-term trend for operating profit is also positive. Similarly, the profit before tax less other income (PBT) for the quarter was also the highest in the last five quarters, at Rs 0.68 crore. The near-term trend for PBT is also positive.

In terms of profit after tax (PAT), the company has shown a significant increase in the nine-month period, with a PAT of Rs 1.41 crore compared to the previous 12-month period ended December 2023, which was Rs 0.94 crore. This indicates a strong growth in sales for the company in the nine-month period.

Overall, while Times Guaranty's financial performance for the quarter may have been flat, there are some positive indicators for the company's future growth. Investors may want to keep an eye on the company's performance in the coming quarters.