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Highlights
- The presented financial data is Standalone to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company’s sales declined by -47.62 % over the year, decrease in net sales/revenue by -59.95 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -87.93 %, Marginal decrease of -93.2% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Coromandel Agro Products & Oils Ltd. Profit dropped by -121.34 % Year to Year, Coromandel Agro Products & Oils Ltd’s profitability dropped by -74.98 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -121.37 % Year to Year. EPS decreased by -74.94 % 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. 43.368 Cr | Rs. 56.726 Cr | Rs. 22.717 Cr | -59.95 % | -47.62 % |
Expenses | Rs. 44.39 Cr | Rs. 54.77 Cr | Rs. 22.13 Cr | -59.59 % | -50.15 % |
Operating Profit | Rs. -1.02 Cr | Rs. 1.96 Cr | Rs. 0.59 Cr | -69.9 % | + 157.84 % |
OPM % | -2.35 % | 3.46 % | 2.6 % | -0.86 % | + 4.95 % |
Other Income | Rs. 0.058 Cr | Rs. 0.103 Cr | Rs. 0.007 Cr | -93.2 % | -87.93 % |
Interest | Rs. 0.07 Cr | Rs. 0.53 Cr | Rs. 0.14 Cr | -73.58 % | + 100 % |
Depreciation | Rs. 0.15 Cr | Rs. 0.07 Cr | Rs. 0.13 Cr | + 85.71 % | -13.33 % |
Profit before tax | Rs. -1.18 Cr | Rs. 1.46 Cr | Rs. 0.33 Cr | -77.4 % | + 127.97 % |
Tax % | -0 % | 31.58 % | 23.01 % | -8.57 % | + 23.01 % |
Net Profit | Rs. -1.18 Cr | Rs. 1 Cr | Rs. 0.25 Cr | -75 % | + 121.19 % |
EPS in Rs | Rs. -14.88 | Rs. 12.69 | Rs. 3.18 | -74.94 % | + 121.37 % |
Today, we’re looking at Coromandel Agro Products & Oils Ltd’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -47.62 %. However, it did see a marginal slip of -59.95 % from the previous quarter. Expenses decreased slightly by -59.59 % quarter-on-quarter, aligning with the annual decline of -50.15 %. Operating profit, while up 157.84 % compared to last year, faced a quarter-on-quarter dip of -69.9 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 4.95 %, but a shrinkage of -0.86 % sequentially. Other income fell by -93.2 % compared to the last quarter, despite an annual decline of -87.93 %. Interest expenses dropped significantly by -73.58 % from the previous quarter, yet the year-over-year increase remains at a moderate 100 %. Depreciation costs climbed by 85.71 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -13.33 %. Profit before tax grew annually by 127.97 % but saw a reduction from the preceding quarter by -77.4 %.
Tax expenses as a percentage of profits increased slightly by 23.01 % compared to last year, with a more notable quarter-on-quarter decrease of -8.57 %. Net profit rose by 121.19 % year-on-year but witnessed a -75 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 121.37 % but a quarterly fall of -74.94 %. In summary, Coromandel Agro Products & Oils 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. 43.368 Cr | Rs. 56.726 Cr | Rs. 22.717 Cr | -59.95 % | -47.62 % |
Expenses | Rs. 44.39 Cr | Rs. 54.77 Cr | Rs. 22.13 Cr | -59.59 % | -50.15 % |
Operating Profit | Rs. -1.02 Cr | Rs. 1.96 Cr | Rs. 0.59 Cr | -69.9 % | + 157.84 % |
Net Profit | Rs. -1.18 Cr | Rs. 1 Cr | Rs. 0.25 Cr | -75 % | + 121.19 % |
EPS in Rs | Rs. -14.88 | Rs. 12.69 | Rs. 3.18 | -74.94 % | + 121.37 % |
In reviewing Coromandel Agro Products & Oils Ltd’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -47.62 % year-on-year, although there was a slight dip of -59.95 % from the previous quarter. Expenses decreased by -50.15 % compared to the previous year, with a decrease of -59.59 % quarter-on-quarter. Operating Profit surged by 157.84 % annually, and saw a -69.9 % decrease from the last quarter.
Net Profit showed yearly increase of 121.19 %, and experienced a -75 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 121.37 % annually, however dipped by -74.94 % compared to the last quarter. In essence, while Coromandel Agro Products & Oils 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.