Coromandel Engineering Company Ltd Q1 FY24 loss at Rs. 1.60 crore

COROMANDEL ENGINEERING COMPANY LTD. has reported Standalone financial results for the period ended June 30, 2023.

Financial Results (Q1 FY2024) - QoQ Comparison

The company has reported total income of Rs. 22.9420 crores during the period ended June 30, 2023 as compared to Rs. 26.1304 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs. -1.6009 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs. -0.4764 crores for the period ended March 31, 2023.

The company has reported EPS of Rs. -0.48 for the period ended June 30, 2023 as compared to Rs. -0.14 for the period ended March 31, 2023.

Financials	Q1 FY2024	Q4 FY2023	% Change
Total Income	₹22.9420 crs	₹26.1304 crs	-12.20%
Net Profit	₹-1.6009 crs	₹-0.4764 crs	236.04%
EPS	₹-0.48	₹-0.14	242.86%

Financial Results (Q1 FY2024) - YoY Comparison

The company has reported total income of Rs.22.9420 crores during the period ended June 30, 2023 as compared to Rs.36.34 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs.-1.6009 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs.-1.3684 crores for the period ended June 30, 2022.

The company has reported EPS of Rs.-0.48 for the period ended June 30, 2023 as compared to Rs.-0.41 for the period ended June 30, 2022.

Financials	Q1 FY2024	Q1 FY2023	% Change
Total Income	₹22.9420 crs	₹36.34 crs	-36.87%
Net Profit	₹-1.6009 crs	₹-1.3684 crs	16.99%
EPS	₹-0.48	₹-0.41	17.07%

Shares of COROMANDEL ENGINEERING COMPANY LTD. was last trading in BSE at Rs. 41.68 as compared to the previous close of Rs. 42.58. The total number of shares traded during the day was 4666 in over 28 trades.

The stock hit an intraday high of Rs. 42.00 and intraday low of 40.56. The net turnover during the day was Rs. 194408.00.

Source : Equity Bulls

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CoromandelEngineeringCompany Q1FY24 ResultUpdate