Coral India Fin. Reports Mixed Performance in Q1 FY25 Financial Results

Coral India Finance & Housing, a microcap finance company, recently announced its financial results for the quarter ending June 2024. The company’s stock has been given a ‘Sell’ call by MarketsMOJO.

According to the financial report, Coral India Fin. has shown a flat performance in the quarter, with a score of 0 compared to -8 in the previous three months. However, there are some positive aspects to the company’s financials.

The operating profit (PBDIT) for the quarter was the highest in the last five quarters, at Rs 6.58 crore. The near-term trend for operating profit is also positive. Similarly, the profit before tax less other income (PBT) was also the highest in the last five quarters, at Rs 6.56 crore. The near-term trend for PBT is also positive. The profit after tax (PAT) for the quarter was the highest in the last five quarters, at Rs 7.15 crore. The near-term trend for PAT is also positive. The earnings per share (EPS) for the quarter was the highest in the last five quarters, at Rs 1.77. This shows an increasing profitability and higher earnings for shareholders.

However, there are also some areas where Coral India Fin. needs improvement. The net sales for the half-yearly period have shown a decline of -22.69% year on year, at Rs 15.03 crore. The near-term trend for sales is negative.

Overall, Coral India Finance & Housing has shown a mixed performance in the quarter ending June 2024. Investors should carefully consider all the financial aspects before making any investment decisions.