Coral Newsprints Ltd Q1FY24 loss at Rs. 48.26 lakhs

CORAL NEWSPRINTS 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. 0.7140 crores during the period ended June 30, 2023 as compared to Rs. 4.8086 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs. -0.4826 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs. 1.45 crores for the period ended March 31, 2023.

The company has reported EPS of Rs. -0.96 for the period ended June 30, 2023 as compared to Rs. 2.87 for the period ended March 31, 2023.

Financials	Q1 FY2024	Q4 FY2023	% Change
Total Income	₹ 0.7140 crs	₹4.8086 crs	-85.15%
Net Profit	₹-0.4826 crs	₹1.45 crs	-133.28%
EPS	₹-0.96	₹2.87	-133.45%

Financial Results (Q1 FY2024) - YoY Comparison

The company has reported total income of Rs. 0.7140 crores during the period ended June 30, 2023 as compared to Rs.2.6751 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs.-0.4826 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs.-0.6038 crores for the period ended June 30, 2022.

The company has reported EPS of Rs.-0.96 for the period ended June 30, 2023 as compared to Rs.-1.19 for the period ended June 30, 2022.

Financials	Q1 FY2024	Q1 FY2023	% Change
Total Income	₹ 0.7140 crs	₹2.6751 crs	-73.31%
Net Profit	₹-0.4826 crs	₹-0.6038 crs	20.07%
EPS	₹-0.96	₹-1.19	19.33%

Shares of CORAL NEWSPRINTS LTD. was last trading in BSE at Rs. 11.50 as compared to the previous close of Rs. 11.44. The total number of shares traded during the day was 1210 in over 12 trades.

The stock hit an intraday high of Rs. 11.54 and intraday low of 11.00. The net turnover during the day was Rs. 13903.00.

Source : Equity Bulls

Keywords

CoralNewsprints Q1FY24 ResultUpdate