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Highlights
- The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company experienced a substantial growth of 38.98 % in the past year, substantial increase in net sales/revenue by 16.54 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -20.79 %, Marginal decrease of -7.19% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Coastal Corporation Limited. Profit dropped by -88.53 % Year to Year, Coastal Corporation Limited’s profitability dropped by -83.14 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -77.91 % Year to Year. EPS decreased by -83.19 % in previous quarter. Analysis needed for shareholder value.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 111.364 Cr | Rs. 132.813 Cr | Rs. 154.775 Cr | + 16.54 % | + 38.98 % |
Expenses | Rs. 100.88 Cr | Rs. 123.29 Cr | Rs. 147.23 Cr | + 19.42 % | + 45.95 % |
Operating Profit | Rs. 10.48 Cr | Rs. 9.52 Cr | Rs. 7.55 Cr | -20.69 % | -27.96 % |
OPM % | 9.41 % | 7.17 % | 4.88 % | -2.29 % | -4.53 % |
Other Income | Rs. 2.266 Cr | Rs. 1.934 Cr | Rs. 1.795 Cr | -7.19 % | -20.79 % |
Interest | Rs. 3.74 Cr | Rs. 4.12 Cr | Rs. 5.02 Cr | + 21.84 % | + 34.22 % |
Depreciation | Rs. 3.03 Cr | Rs. 3.03 Cr | Rs. 3.08 Cr | + 1.65 % | + 1.65 % |
Profit before tax | Rs. 5.98 Cr | Rs. 4.3 Cr | Rs. 1.25 Cr | -70.93 % | -79.1 % |
Tax % | 25.12 % | 29.21 % | 58.5 % | + 29.29 % | + 33.38 % |
Net Profit | Rs. 4.48 Cr | Rs. 3.05 Cr | Rs. 0.51 Cr | -83.28 % | -88.62 % |
EPS in Rs | Rs. 1.72 | Rs. 2.26 | Rs. 0.38 | -83.19 % | -77.91 % |
Today, we’re looking at Coastal Corporation Limited’s financial performance for the Q2(Sep 2024-25).Starting with the top line, the company reported a robust year-over-year sales growth of 38.98 %. However, it did see a marginal increase of 16.54 % from the previous quarter. Expenses ticked up slightly by 19.42 % quarter-on-quarter, aligning with the annual rise of 45.95 %. Operating profit, while down -27.96 % compared to last year, faced a quarter-on-quarter dip of -20.69 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -4.53 %, but a shrinkage of -2.29 % sequentially. Other income fell by -7.19 % compared to the last quarter, despite an annual decline of -20.79 %. Interest expenses surged remarkably by 21.84 % from the previous quarter, yet the year-over-year increase remains at a moderate 34.22 %. Depreciation costs climbed by 1.65 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 1.65 %. Profit before tax declined annually by -79.1 % but saw a reduction from the preceding quarter by -70.93 %.
Tax expenses as a percentage of profits increased slightly by 33.38 % compared to last year, with a more notable quarter-on-quarter increase of 29.29 %. Net profit fell by -88.62 % year-on-year but witnessed a -83.28 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -77.91 % but a quarterly fall of -83.19 %. In summary, Coastal Corporation Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 111.364 Cr | Rs. 132.813 Cr | Rs. 154.775 Cr | + 16.54 % | + 38.98 % |
Expenses | Rs. 100.88 Cr | Rs. 123.29 Cr | Rs. 147.23 Cr | + 19.42 % | + 45.95 % |
Operating Profit | Rs. 10.48 Cr | Rs. 9.52 Cr | Rs. 7.55 Cr | -20.69 % | -27.96 % |
Net Profit | Rs. 4.48 Cr | Rs. 3.05 Cr | Rs. 0.51 Cr | -83.28 % | -88.62 % |
EPS in Rs | Rs. 1.72 | Rs. 2.26 | Rs. 0.38 | -83.19 % | -77.91 % |
In reviewing Coastal Corporation Limited’s 2024-25(Q2) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 38.98 % year-on-year growth, however, there was a minor increase of 16.54 % from the previous quarter. Expenses rose by 45.95 % compared to the previous year, with a 19.42 % increase quarter-on-quarter. Operating Profit dropped by -27.96 % annually, and saw a -20.69 % decrease from the last quarter.
Net Profit showed yearly decrease of -88.62 %, and experienced a -83.28 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -77.91 % annually, however dipped by -83.19 % compared to the last quarter. In essence, while Coastal Corporation Limited faces strong annual decline indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.
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