Cochin Malabar Estates & Ind Q1 Results Reported Loss of ₹16.44 Lakhs with EPS of ₹(0.93)

Cochin Malabar Estates & Ind Q1 Results: Cochin Malabar Estates & Industries announced its Q1 results for the financial year 2024-2025 on August 8, 2024. The company reported a loss of ₹16.44 lakhs for the quarter ended June 30, 2024, compared to a profit of ₹100.01 lakhs in the same quarter last year.

This marks a significant year-over-year decrease of 116.44%, reflecting a challenging period for the company. The total expenses increased to ₹16.44 lakhs from ₹14.00 lakhs, contributing to the overall loss.

In terms of specific financial metrics, the company's earnings per equity share for the quarter stood at a loss of ₹0.93, a sharp decline from a profit of ₹5.64 per share reported in Q1 of the previous year.

The rise in expenses and the absence of exceptional items have impacted the company's performance, highlighting ongoing financial difficulties. Despite the unchanged revenue from operations and other income, the company's ability to manage costs and generate profit remains a concern for investors and stakeholders.

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Cochin Malabar Estates & Ind Q1 Results 2024 - 2025

Here’s a summary of Cochin Malabar Estates & Industries's Q1 results for the financial year 2024-2025. The company’s performance has shown significant changes compared to the previous year, with a notable shift in profitability and expenses.

Below is a detailed table of the unaudited financial results for the quarter ended June 30, 2024:

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Cochin Malabar Estates & Ind Current Market Overview

Cochin Malabar Estates & Industries is currently trading at ₹152 per share, showing a 1.97% increase. The company's market value is ₹27.0 crore. Its stock has seen a range between ₹261 at its highest and ₹78.1 at its lowest.

With a price-to-earnings ratio of 50.9, it indicates the stock is valued high relative to its earnings. The company’s book value is negative, and it does not offer a dividend. However, it has a strong return on capital employed (ROCE) of 65.2%.

Quarterly Results

Here are the quarterly results for Cochin Malabar Estates & Industries for the last three quarters:

About Cochin Malabar Estates & Ind

Cochin Malabar Estates & Industries is a company based in India, primarily involved in rubber and tea plantations. Founded on March 14, 1930, the company operates large estates in Kerala and Karnataka, focusing on cultivating rubber and tea.

Over the years, it has diversified its activities to include fire engineering and aquaculture, and it has modernized its facilities to enhance production. The company underwent a major restructuring in 2012, merging its plantation division with Joonktollee Tea & Industries.

Despite these efforts, the company has faced financial challenges, as reflected in its recent performance reports.

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