Coastal Corporation's Q1 2024 financial results show strong growth in profitability and sales.

Coastal Corporation, a microcap company in the aquaculture industry, has recently announced its financial results for the quarter ending March 2024. The company has shown positive growth in its financial performance, with a score of 9 out of 10, compared to a score of 1 in the previous quarter.

One of the key highlights of the financial results is the significant increase in Profit After Tax (PAT) for the nine-month period, which has grown by 159.42% year on year. This shows a strong upward trend in the company's profitability. Additionally, the net sales for the quarter have also shown a positive growth of 59.69% year on year, indicating a strong demand for the company's products.

In fact, the net sales for the quarter have reached a record high of Rs 116.62 crore, which is the highest in the last five quarters. This is a positive sign for the company's near-term sales trend.

On the other hand, the company's interest cost has also increased by 21.56% quarter on quarter, with the highest interest expense in the last five quarters. This could be a cause for concern as it signifies increased borrowings by the company.

Overall, Coastal Corporation's financial results for the quarter ending March 2024 have shown a positive trend in terms of profitability and sales. However, the increase in interest cost is something to keep an eye on. MarketsMOJO has given a 'Strong Sell' call for the company's stock, indicating caution for potential investors.