Coastal Corporation Reports Record Sales Amid Declining Profitability and Rising Debt in December 2024

Coastal Corporation, a microcap player in the aquaculture industry, has recently reported its financial results for the quarter ending December 2024. The evaluation changes reflect a notable shift in the company's score, which has adjusted to -9 from -5 over the past three months.
The financial data reveals some positive aspects for Coastal Corporation. Net sales reached a record high of Rs 183.55 crore, marking a significant year-on-year growth of 71.54%. This trend indicates a robust near-term sales trajectory. Additionally, cash and cash equivalents have also reached their highest level in the last six half-yearly periods, totaling Rs 83.50 crore, suggesting an improvement in short-term liquidity.

However, the results also highlight challenges. Profit Before Tax (PBT) has shown a substantial decline, falling to Rs -1.02 crore, which represents a significant year-on-year decrease. Profit After Tax (PAT) has also decreased to Rs 1.95 crore, reflecting a negative trend. Furthermore, the company has experienced rising interest costs, with the interest expense reaching Rs 6.93 crore, the highest in the last five quarters, indicating increased borrowings. The Debt-Equity Ratio has also risen to 1.71 times, suggesting a growing reliance on debt to fund operations.

For more insights, Discover the Latest Mojo Score and Financial Trend Performance - SignUp in less than 2 Minutes and get FREE Premium Access.