Coromandel Engineering Company ‘s Q2 Report: Revenue Falls by 64.56% YoY

The comprehensive analytics outlining the performance and outlook of Coromandel Engineering Company Limited‘s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

Today, we’re looking at Coromandel Engineering Company Limited’s financial performance for the Q2(Sep 2024-25).Starting with the top line, the company reported a significant year-over-year sales decline of -64.56 %. However, it did see a marginal increase of 30.77 % from the previous quarter. Expenses ticked up slightly by 1.22 % quarter-on-quarter, aligning with the annual decline of -64.44 %. Operating profit, while down -25 % compared to last year, faced a quarter-on-quarter increase of 97.8 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -0.36 %, but an expansion of 29.36 % sequentially. Interest expenses surged remarkably by 3.53 % from the previous quarter, yet the year-over-year increase remains at a moderate 41.94 %. Depreciation costs climbed by 0 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -37.5 %. Profit before tax declined annually by -11.32 % but saw an increase from the preceding quarter by 64.88 %.
Tax expenses as a percentage of profits decreased slightly by -62.24 % compared to last year, with a more notable quarter-on-quarter decrease of -103.57 %. Net profit rose by 107.01 % year-on-year but experienced a 103.48 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 106.38 % but a quarterly rise of 103.16 %. 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.

In reviewing Coromandel Engineering Company Limited’s 2024-25(Q2) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -64.56 % year-on-year, however, there was a minor increase of 30.77 % from the previous quarter. Expenses decreased by -64.44 % compared to the previous year, with a 1.22 % increase quarter-on-quarter. Operating Profit dropped by -25 % annually, and saw a 97.8 % increase from the last quarter.
Net Profit showed yearly increase of 107.01 %, and experienced a 103.48 % increase from the previous quarter. Earnings Per Share (EPS) rose by 106.38 % annually, however rose by 103.16 % compared to the last quarter. In essence, while Coromandel Engineering Company Limited 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.