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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 -66.86 % over the year, decrease in net sales/revenue by -68.4 %.
- Income over the Year and quarter: Marginal increase in other income during this quarter, up by 44.44%.
- Profit over the Year and quarter: Significant improvement in profitability for Coromandel Engineering Company Limited. Notable increase of 97.5 % in net profit Year to Year, Coromandel Engineering Company Limited’s profitability increased by 1851.85 % in this quarter.
- EPS over the Year and quarter: EPS increased by 97.92 % Year to Year. EPS increased by 1800 % in previous quarter. Positive impact on shareholders.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 22.942 Cr | Rs. 24.058 Cr | Rs. 7.602 Cr | -68.4 % | -66.86 % |
Expenses | Rs. 23.47 Cr | Rs. 23.06 Cr | Rs. 9.87 Cr | -57.2 % | -57.95 % |
Operating Profit | Rs. -0.53 Cr | Rs. 1 Cr | Rs. -2.27 Cr | -327 % | -328.3 % |
OPM % | -2.31 % | 4.16 % | -29.86 % | -34.02 % | -27.55 % |
Other Income | Rs. 0.212 Cr | Rs. 0.009 Cr | Rs. 0.013 Cr | + 44.44 % | -93.87 % |
Interest | Rs. 0.89 Cr | Rs. 0.82 Cr | Rs. 0.85 Cr | + 3.66 % | -4.49 % |
Depreciation | Rs. 0.39 Cr | Rs. 0.4 Cr | Rs. 0.25 Cr | -37.5 % | -35.9 % |
Profit before tax | Rs. -1.6 Cr | Rs. -0.21 Cr | Rs. -3.36 Cr | -1500 % | -110 % |
Tax % | -0 % | -25 % | -5.81 % | + 19.19 % | -5.81 % |
Net Profit | Rs. -1.6 Cr | Rs. -0.16 Cr | Rs. -3.16 Cr | -1875 % | -97.5 % |
EPS in Rs | Rs. -0.48 | Rs. -0.05 | Rs. -0.95 | -1800 % | -97.92 % |
Today, we’re looking at Coromandel Engineering Company Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -66.86 %. However, it did see a marginal slip of -68.4 % from the previous quarter. Expenses decreased slightly by -57.2 % quarter-on-quarter, aligning with the annual decline of -57.95 %. Operating profit, while down -328.3 % compared to last year, faced a quarter-on-quarter dip of -327 %, 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 -27.55 %, but a shrinkage of -34.02 % sequentially. Other income rose by 44.44 % compared to the last quarter, despite an annual decline of -93.87 %. Interest expenses surged remarkably by 3.66 % from the previous quarter, yet the year-over-year decrease remains at a moderate -4.49 %. Depreciation costs fell by -37.5 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -35.9 %. Profit before tax declined annually by -110 % but saw a reduction from the preceding quarter by -1500 %.
Tax expenses as a percentage of profits decreased slightly by -5.81 % compared to last year, with a more notable quarter-on-quarter increase of 19.19 %. Net profit fell by -97.5 % year-on-year but witnessed a -1875 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -97.92 % but a quarterly fall of -1800 %. In summary, Coromandel Engineering Company 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. 22.942 Cr | Rs. 24.058 Cr | Rs. 7.602 Cr | -68.4 % | -66.86 % |
Expenses | Rs. 23.47 Cr | Rs. 23.06 Cr | Rs. 9.87 Cr | -57.2 % | -57.95 % |
Operating Profit | Rs. -0.53 Cr | Rs. 1 Cr | Rs. -2.27 Cr | -327 % | -328.3 % |
Net Profit | Rs. -1.6 Cr | Rs. -0.16 Cr | Rs. -3.16 Cr | -1875 % | -97.5 % |
EPS in Rs | Rs. -0.48 | Rs. -0.05 | Rs. -0.95 | -1800 % | -97.92 % |
In reviewing Coromandel Engineering Company Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -66.86 % year-on-year, although there was a slight dip of -68.4 % from the previous quarter. Expenses decreased by -57.95 % compared to the previous year, with a decrease of -57.2 % quarter-on-quarter. Operating Profit dropped by -328.3 % annually, and saw a -327 % decrease from the last quarter.
Net Profit showed yearly decrease of -97.5 %, and experienced a -1875 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -97.92 % annually, however dipped by -1800 % compared to the last quarter. In essence, while Coromandel Engineering Company 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.