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Highlights
- Sales over the Year and quarter: The company’s sales declined by -33.01 % over the year, substantial increase in net sales/revenue by 103.37 %.
- Income over the Year and quarter: There has been either a marginal increase or a decline in other income over the past year which is 263.16 %. Marginal increase in other income during this quarter, up by 45.26%.
- Profit over the Year and quarter: Significant improvement in profitability for Coral India Finance And Housing Ltd. Notable increase of 11.36 % in net profit Year to Year, Coral India Finance And Housing Ltd’s profitability increased by 119.87 % in this quarter.
- EPS over the Year and quarter: EPS increased by 11.76 % Year to Year. EPS increased by 119.23 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 10.623 Cr | Rs. 3.499 Cr | Rs. 7.116 Cr | + 103.37 % | -33.01 % |
| Expenses | Rs. 3.4 Cr | Rs. 0.8 Cr | Rs. 1.7 Cr | + 112.5 % | -50 % |
| Operating Profit | Rs. 7.22 Cr | Rs. 2.7 Cr | Rs. 5.42 Cr | + 100.74 % | -24.93 % |
| OPM % | 67.97 % | 77.16 % | 76.17 % | -0.99 % | + 8.2 % |
| Other Income | Rs. 0.38 Cr | Rs. 0.95 Cr | Rs. 1.38 Cr | + 45.26 % | + 263.16 % |
| Interest | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Depreciation | Rs. 0.02 Cr | Rs. 0.02 Cr | Rs. 0.02 Cr | + 0 % | + 0 % |
| Profit before tax | Rs. 7.58 Cr | Rs. 3.63 Cr | Rs. 6.78 Cr | + 86.78 % | -10.55 % |
| Tax % | 18.46 % | 13.78 % | 1.5 % | -12.28 % | -16.96 % |
| Net Profit | Rs. 6.18 Cr | Rs. 3.13 Cr | Rs. 6.88 Cr | + 119.81 % | + 11.33 % |
| EPS in Rs | Rs. 1.53 | Rs. 0.78 | Rs. 1.71 | + 119.23 % | + 11.76 % |
Today, we’re looking at Coral India Finance And Housing Ltd’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -33.01 %. However, it did see a marginal increase of 103.37 % from the previous quarter. Expenses ticked up slightly by 112.5 % quarter-on-quarter, aligning with the annual decline of -50 %. Operating profit, while down -24.93 % compared to last year, faced a quarter-on-quarter increase of 100.74 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 8.2 %, but a shrinkage of -0.99 % sequentially. Other income rose by 45.26 % compared to the last quarter, despite an annual growth of 263.16 %. Depreciation costs climbed by 0 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 0 %. Profit before tax declined annually by -10.55 % but saw an increase from the preceding quarter by 86.78 %.
Tax expenses as a percentage of profits decreased slightly by -16.96 % compared to last year, with a more notable quarter-on-quarter decrease of -12.28 %. Net profit rose by 11.33 % year-on-year but experienced a 119.81 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 11.76 % but a quarterly rise of 119.23 %. In summary, Coral India Finance And Housing Ltd’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. 10.623 Cr | Rs. 3.499 Cr | Rs. 7.116 Cr | + 103.37 % | -33.01 % |
| Expenses | Rs. 3.4 Cr | Rs. 0.8 Cr | Rs. 1.7 Cr | + 112.5 % | -50 % |
| Operating Profit | Rs. 7.22 Cr | Rs. 2.7 Cr | Rs. 5.42 Cr | + 100.74 % | -24.93 % |
| Net Profit | Rs. 6.18 Cr | Rs. 3.13 Cr | Rs. 6.88 Cr | + 119.81 % | + 11.33 % |
| EPS in Rs | Rs. 1.53 | Rs. 0.78 | Rs. 1.71 | + 119.23 % | + 11.76 % |
In reviewing Coral India Finance And Housing Ltd’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -33.01 % year-on-year, however, there was a minor increase of 103.37 % from the previous quarter. Expenses decreased by -50 % compared to the previous year, with a 112.5 % increase quarter-on-quarter. Operating Profit dropped by -24.93 % annually, and saw a 100.74 % increase from the last quarter.
Net Profit showed yearly increase of 11.33 %, and experienced a 119.81 % increase from the previous quarter. Earnings Per Share (EPS) rose by 11.76 % annually, however rose by 119.23 % compared to the last quarter. In essence, while Coral India Finance And Housing Ltd exhibits strong annual growth indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.
