Coromandel International's Q4 financials show significant decline in performance

Coromandel International, a largecap company in the fertilizer industry, has recently declared its financial results for the quarter ending March 2024. According to the latest report, the company has seen a significant decline in its financial performance, with a score of -23 compared to -17 in the previous quarter.

One of the major factors contributing to this decline is the decrease in net sales, which has fallen by 28.55% year on year. This trend is expected to continue in the near term, as the company's sales have been consistently negative. Similarly, the profit before tax (PBT) has also seen a sharp decline of 52.30% year on year, indicating a negative trend in the company's profitability.

The profit after tax (PAT) has also taken a hit, falling by 34.9% year on year. This is the lowest PAT in the last five quarters, further highlighting the negative trend in the company's financials. The operating profit (PBDIT) has also seen a decline, reaching its lowest point in the last five quarters.

One concerning aspect of Coromandel International's financials is the high percentage of non-operating income, which accounts for 37.68% of the PBT. This indicates that the company's income from non-business activities is high, which may not be a sustainable business model in the long run.

The earnings per share (EPS) have also decreased, reaching its lowest point in the last five quarters. This shows that the company's profitability has declined, resulting in lower earnings for its shareholders. Additionally, the non-operating income has also seen a significant increase, which may not be sustainable in the long run.

Based on these financial results, MarketsMOJO has given a 'Sell' call for Coromandel International's stock. It is important for investors to carefully consider these financials before making any investment decisions.