Coral India Fin. reports mixed financial results for Q2 2024, MarketsMOJO gives 'Sell' call

Nov 13 2024 09:34 PM IST
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Coral India Finance & Housing, a microcap finance company, has reported a flat performance in the second quarter of fiscal year 2024-2025. While the company's PAT has increased by 24.4% year on year, its PBT and Net Sales have shown negative trends. MarketsMojo has given a 'Sell' call for the company's stock.

Coral India Finance & Housing, a microcap finance company, recently announced its financial results for the quarter ending September 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 second quarter of the fiscal year 2024-2025. The company's score has decreased from 0 to -3 in the last three months.

However, there are some positive aspects to the company's financials. The Profit After Tax (PAT) for the quarter has increased by 24.4% year on year, reaching Rs 5.66 crore. The near-term trend for PAT is also positive.

On the other hand, the Profit Before Tax less Other Income (PBT) for the quarter has decreased by -16.90% year on year, with a negative near-term trend. The Net Sales for the nine-month period has also shown a negative trend, with a decrease of -22.17% year on year, reaching Rs 21.55 crore.

Coral India Finance & Housing operates in the finance and NBFC industry and is classified as a microcap company. The company's financial performance for the quarter has been declared on November 13, 2024. Based on the current financials, MarketsMOJO has given a 'Sell' call for the company's stock.
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