Warren Tea's Financial Report Shows Mixed Results for Quarter Ending December 2023

Inventory Turnover Ratio- Half Yearly: Lowest at 1.05 times in the last five half yearly periods.Company's pace of selling its Inventory has slowed.

Warren Tea, a microcap company in the tea/coffee industry, recently announced its financial results for the quarter ending December 2023. The company's stock has been given a 'Strong Sell' rating by MarketsMOJO.

According to the financial report, Warren Tea's performance has remained flat in the last quarter, with a score of 3 compared to -3 in the previous quarter. However, there are some positive aspects to the company's financials. The Profit After Tax (PAT) for the half-yearly period was higher at Rs 0.95 crore compared to the preceding 12 months period ending December 2023, which had a PAT of Rs -11.68 crore. This shows a significant improvement in the company's profitability. Additionally, the Operating Profit (PBDIT) for the quarter was the highest in the last five quarters, indicating a positive trend in the near term.

On the other hand, there are some areas of concern for Warren Tea. The Debtors Turnover Ratio for the half-yearly period was the lowest in the last five periods, indicating a slowdown in the company's pace of settling its debtors. Similarly, the Inventory Turnover Ratio for the half-yearly period was also the lowest in the last five periods, showing a slowdown in the company's pace of selling its inventory.

Overall, Warren Tea's financial performance for the quarter ending December 2023 has been mixed, with some positive and negative aspects. Investors should carefully consider these factors before making any investment decisions.