Warren Tea's Q1 2024 Financial Performance Disappoints, Receives 'Strong Sell' Rating
Warren Tea's financial performance for the quarter Mar 2024 has been disappointing, with a -11.1% decrease in revenue and a -102.6% decrease in EBITDA Margin compared to the previous quarter. The Debt to Equity Ratio has also decreased by -9.1%. MarketsMojo has given a 'Strong Sell' rating for the stock, cautioning investors to carefully consider all factors before investing.
Revenue - Quarterly: At Rs 5.96 cr has Fallen at -11.1 % over average Revenue of the previous four quarters of Rs 6.7 cr. Near term Revenue trend is very negative.
EBITDA Margin - Quarterly: EBITDA Margin is at -1.3 % which is a decrease of -102.6 % over previous quarter margin of 1.3 %.
Debt to Equity Ratio - Quarterly: Debt to Equity Ratio is at 0.1 which is a decrease of -9.1 % over previous quarter Debt to Equity Ratio of 0.1.
Overall, Warren Tea's financial performance for the quarter Mar 2024 has been disappointing, with a significant decrease in PAT and Revenue. The EBITDA Margin has also taken a hit, showing a decrease of -102.6% compared to the previous quarter. Additionally, the Debt to Equity Ratio has decreased by -9.1%, indicating a decrease in the company's financial leverage.
This decline in financial performance has led to a 'Strong Sell' stock call by MarketsMOJO. This rating suggests that investors should be cautious when considering investing in Warren Tea's stock.
However, it is important to note that Warren Tea is a microcap company in the tea/coffee industry, which can be a volatile market. It is important for investors to do their own research and consider all factors before making any investment decisions.
Warren Tea has not made any statements regarding the financial results for the quarter Mar 2024 or the 'Strong Sell' stock call by MarketsMOJO. The company's focus remains on continuing to improve its financial performance and providing quality products to its customers. As always, investors should carefully consider all available information before making any investment decisions.
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