Share the post "Coral Newsprints Q1 Results: Profit Grows by 66.67% YoY"
Highlights
- The presented financial data is Standalone to provide a comprehensive overview of the company performance.
- Income over the Year and quarter: There has been decline in other income over the past year which is -99.27 %, Marginal decrease of -99.77% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Coral Newsprints Ltd.. Profit dropped by -67.7 % Year to Year, Coral Newsprints Ltd.’s profitability increased by 36.84 % in this quarter.
- EPS over the Year and quarter: EPS declined by -67.71 % Year to Year. EPS increased by 34.78 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 0.577 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Expenses | Rs. 1.2 Cr | Rs. 0.53 Cr | Rs. 0.16 Cr | -69.81 % | -86.67 % |
| Operating Profit | Rs. -0.62 Cr | Rs. -0.53 Cr | Rs. -0.16 Cr | + 69.81 % | + 74.19 % |
| OPM % | -107.45 % | 0 % | 0 % | 0 % | + 107.45 % |
| Other Income | Rs. 0.137 Cr | Rs. 0.435 Cr | Rs. 0.001 Cr | -99.77 % | -99.27 % |
| Interest | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Depreciation | Rs. 0 Cr | Rs. 0.02 Cr | Rs. 0 Cr | 0 % | 0 % |
| Profit before tax | Rs. -0.48 Cr | Rs. -0.12 Cr | Rs. -0.16 Cr | -33.33 % | + 66.67 % |
| Tax % | -0 % | -0 % | -0 % | 0 % | 0 % |
| Net Profit | Rs. -0.48 Cr | Rs. -0.11 Cr | Rs. -0.16 Cr | -45.45 % | + 66.67 % |
| EPS in Rs | Rs. -0.96 | Rs. -0.23 | Rs. -0.31 | -34.78 % | + 67.71 % |
Today, we’re looking at Coral Newsprints Ltd.’s financial performance for the Q1(Jun 2024).Expenses decreased slightly by -69.81 % quarter-on-quarter, aligning with the annual decline of -86.67 %. Operating profit, while up 74.19 % compared to last year, faced a quarter-on-quarter increase of 69.81 %, 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 107.45 %, Other income fell by -99.77 % compared to the last quarter, despite an annual decline of -99.27 %. Profit before tax grew annually by 66.67 % but saw a reduction from the preceding quarter by -33.33 %.
Net profit rose by 66.67 % year-on-year but witnessed a -45.45 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 67.71 % but a quarterly fall of -34.78 %. In summary, Coral Newsprints 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. 0.577 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Expenses | Rs. 1.2 Cr | Rs. 0.53 Cr | Rs. 0.16 Cr | -69.81 % | -86.67 % |
| Operating Profit | Rs. -0.62 Cr | Rs. -0.53 Cr | Rs. -0.16 Cr | + 69.81 % | + 74.19 % |
| Net Profit | Rs. -0.48 Cr | Rs. -0.11 Cr | Rs. -0.16 Cr | -45.45 % | + 66.67 % |
| EPS in Rs | Rs. -0.96 | Rs. -0.23 | Rs. -0.31 | -34.78 % | + 67.71 % |
In reviewing Coral Newsprints Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Expenses decreased by -86.67 % compared to the previous year, with a decrease of -69.81 % quarter-on-quarter. Operating Profit surged by 74.19 % annually, and saw a 69.81 % increase from the last quarter.
Net Profit showed yearly increase of 66.67 %, and experienced a -45.45 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 67.71 % annually, however dipped by -34.78 % compared to the last quarter. In essence, while Coral Newsprints Ltd. exhibits strong annual growth 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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