Tuni Textile Mills Reports Positive Financial Results for Q1 FY25, Receives 'Hold' Rating from MarketsMOJO

Aug 13 2024 07:48 PM IST
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Tuni Textile Mills, a microcap company in the textile industry, has reported a positive financial performance for the quarter ending June 2024. The company's net sales have increased by 62.6% and its Profit Before Tax and Profit After Tax have also shown significant improvement. With a 'Hold' call from MarketsMojo, investors may want to monitor the company's future performance.

Tuni Textile Mills, a microcap company in the textile industry, has recently announced its financial results for the quarter ending June 2024. The company’s stock has been given a ‘Hold’ call by MarketsMOJO.

According to the financial report, Tuni Textile Mills has shown a positive performance in the quarter, with a score of 17 compared to 18 in the previous quarter. This indicates a slight improvement in the company’s financials.


One of the key factors contributing to this positive performance is the increase in net sales. The company’s net sales for the quarter were Rs 22.97 crore, which is a growth of 62.6% compared to the average net sales of the previous four quarters. This shows a strong sales trend in the near term.


Moreover, Tuni Textile Mills has also shown a significant improvement in its Profit Before Tax (PBT) and Profit After Tax (PAT) for the quarter. The PBT for the quarter was the highest in the last five quarters at Rs 0.13 crore, while the PAT was also the highest at Rs 0.12 crore. This indicates a positive trend in the company’s profitability in the near term.


Additionally, the company’s Earnings per Share (EPS) for the quarter were the highest in the last five quarters at Rs 0.01. This shows that Tuni Textile Mills has been able to create higher earnings for its shareholders.


Overall, Tuni Textile Mills has shown a positive financial performance in the quarter ending June 2024. With a ‘Hold’ call from MarketsMOJO, investors may want to keep an eye on the company’s future performance.


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