TTI Enterprise Reports Mixed Financial Results

Nov 14 2023 12:00 AM IST
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TTI Enterprise, a microcap finance company, reported a significant growth of 416.00% in net sales quarter-on-quarter, but a decline of -63.89% in standalone net profit and operating profit (PBDIT) excluding other income. The company's financial performance has been declining for the past five quarters, with a negative score of -7 and a lower EPS of Rs -0.23. Investors should carefully consider the company's financials before investing.

TTI Enterprise, a microcap finance company, recently announced its financial results for the quarter ended September 2023. The company's net sales showed a significant growth of 416.00% quarter-on-quarter, compared to a decline of -46.81% in the previous quarter. However, the standalone net profit saw a decline of -63.89% in the same period, as compared to a decline of -24.14% in the previous quarter.

The company's operating profit (PBDIT) excluding other income also saw a decline of -63.89% quarter-on-quarter, as compared to a decline of -350.00% in the previous quarter. It is worth noting that the company did not have any interest expenses in the last few periods, which is a positive sign for its financial health. The operating profit margin (excluding other income) also showed improvement in the quarter ended September 2023, as compared to the previous quarter.

However, TTI Enterprise's financial performance for the quarter was not up to the mark, as indicated by the negative score of -7, which has fallen from -3 in the last 3 months. The company's operating profit, profit before tax (PBT) less other income, and profit after tax (PAT) have all shown a declining trend in the last five quarters. This has resulted in a lower earnings per share (EPS) of Rs -0.23, indicating a decline in profitability and lower returns for shareholders.

Overall, TTI Enterprise's financial results for the quarter ended September 2023 have not been positive. The company's performance has been affected by various factors, and it will be interesting to see how it plans to improve its financials in the future. Investors should carefully analyze the company's financials before making any investment decisions.
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