True P&L Deep Dive: THREE ACRE FARMS (TAFL) - Is It a Farm or a Bank? (Rs. 7.5Bn Cash Pile!)

True P&L Deep Dive: THREE ACRE FARMS (TAFL) - Is It a Farm or a Bank? (Rs. 7.5Bn Cash Pile!)

In this video, we dive deep into the Interim Financial Statements of Three Acre Farms PLC (TAFL) for the period ended September 30, 2025. It’s a "Tale of Two Periods"—while the 9-month performance looks weak on the surface, the Q3 results tell a completely different story of a massive operational turnaround.

But the real shocker? The company is sitting on a massive Rs. 7.5 Billion cash fortress. Is this efficient capital allocation or a drag on returns? Let's break down the numbers.

[Key Topics Covered] 🔹 The "Tale of Two Periods": Why YTD revenue is down 8% but Q3 revenue surged 33%. 🔹 Profitability Analysis: Breaking down the 132% jump in Q3 Net Profit and the impact of interest income. 🔹 Balance Sheet Fortress: A look at the Rs. 7.53Bn liquid asset pile and what it means for ROE and ROA. 🔹 Cash Flow Quality: How the company achieved a 1.39x Cash Conversion Ratio despite lower YTD profits. 🔹 Sector Breakdown: Broiler vs. Layer—Why one is booming and the other is bleeding. 🔹 Verdict: Is the stock a value trap or a hidden gem?

[Data Highlights]

Q3 Net Profit: Rs. 473.6 Mn (+132% YoY)

Cash & Short Term Investments: Rs. 7.53 Bn

NAV Per Share: Rs. 381.30

Operating Cash Flow: Rs. 1.29 Bn

[Disclaimer] This video is for educational purposes only and does not constitute financial advice. Always do your own research before making investment decisions.

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