Kohinoor Foods Reports Declining Financial Performance Amid Rising Interest Costs in December 2024

Kohinoor Foods, a microcap player in the Rice & Rice Processing industry, has recently reported its financial results for the quarter ending December 2024. The results indicate a significant shift in the company's financial landscape, with a notable adjustment in its evaluation score, which has moved to a lower position compared to the previous three months.
The financial data reveals a challenging quarter for Kohinoor Foods. The Profit Before Tax less Other Income (PBT) stands at Rs -8.91 crore, reflecting a substantial decline from the average of the previous four quarters. Similarly, the Profit After Tax (PAT) has also shown a marked decrease, recorded at Rs -8.30 crore. Net sales have dropped to Rs 19.49 crore, the lowest in the last five quarters, indicating a negative trend in sales performance.

Additionally, the company is facing rising interest costs, with interest expenses reaching Rs 4.90 crore, the highest in the last five quarters. This increase in interest expenses suggests a growing reliance on borrowings, as evidenced by the Debt-Equity Ratio, which has reached its highest level in recent periods. The inventory turnover ratio and operating profit margin have also hit new lows, further highlighting the operational challenges Kohinoor Foods is currently navigating.

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