Salona Cotspin Reports Declining Financial Performance Amid Rising Borrowing Costs in March 2025

Salona Cotspin, a microcap player in the Garments & Apparels industry, has recently reported its financial results for the quarter ending March 2025. The results indicate a notable shift in the company's financial standing, as reflected in the evaluation changes. The score has experienced a revision, moving from -7 to -16 over the past three months.
The financial data reveals several concerning trends. Profit Before Tax less Other Income (PBT) for the quarter stands at Rs -1.45 crore, marking a significant decline compared to the average PBT of the previous four quarters, which was Rs 2.02 crore. Similarly, Profit After Tax (PAT) has also shown a downward trajectory, recorded at Rs -2.92 crore against an average of Rs 1.74 crore in the prior quarters.

Net Sales have reached Rs 147.79 crore, the lowest in the last five quarters, reflecting a contraction from the average of Rs 170.19 crore. Additionally, the company's Operating Profit to Interest ratio has fallen to its lowest point in five quarters, indicating challenges in managing interest obligations. The latest six-month interest expense has risen to Rs 10.89 crore, suggesting increased borrowing costs.

Overall, Salona Cotspin's recent financial results highlight a series of challenges that have led to a significant adjustment in its evaluation.

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