Tinna Trade Reports Strong Financial Performance in Q1 FY25, Positive Sales and Profit Trends
Tinna Trade, a smallcap trading company, has recently announced its financial results for the quarter ending March 2024. The company’s stock has been given a ‘Hold’ call by MarketsMOJO.
According to the financial report, Tinna Trade has shown a positive performance in the quarter, with a score of 15 compared to 7 in the previous quarter. This improvement can be attributed to the company’s net sales, which have grown by 75.6% to Rs 107.72 crore, compared to the average net sales of the previous four quarters at Rs 61.34 crore. This indicates a very positive sales trend in the near term.
Moreover, Tinna Trade’s profit after tax (PAT) for the half-yearly period is higher at Rs 0.06 crore, compared to the preceding 12-month period ending June 2024 at Rs -0.34 crore. This shows a significant improvement in the company’s profitability, as it has already surpassed the PAT of the previous twelve months in just half a year.
In addition, the company’s net sales for the quarter have reached a five-quarter high at Rs 107.72 crore, indicating a positive sales trend in the near term. Similarly, the profit before tax less other income (PBT) for the quarter is also at a five-quarter high of Rs -0.01 crore, showing a positive trend in the near term.
Overall, Tinna Trade has shown a strong financial performance in the quarter ending March 2024, with positive trends in net sales and profitability. This is a promising sign for the company’s future growth and success in the trading industry.
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