Team India Guaranty Ltd Reports Sharp Revenue Decline and Swings to Loss in Q1
Team India Guaranty Limited (TIGL) experienced a significant financial downturn in Q1. Total income fell 78.5% to Rs. 6.84 crore from Rs. 31.85 crore year-over-year. The company swung from a net profit of Rs. 28.70 crore to a net loss of Rs. 3.99 crore. EPS declined by 84.6% to Rs. 0.04. Despite year-over-year declines, TIGL showed sequential improvement with revenue increasing from Rs. 1.54 crore to Rs. 6.84 crore and reduced net losses compared to the previous quarter.