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- Comfort Commotrade Q1 Results Profit After Tax Reaches ₹695.01 Lakhs, Net Sales Increase to ₹1,003.79 Lakhs
Comfort Commotrade Q1 Results Profit After Tax Reaches ₹695.01 Lakhs, Net Sales Increase to ₹1,003.79 Lakhs
Comfort Commotrade Q1 Results saw a YoY profit surge to ₹695.01 lakhs, up 7,583%, and Comfort Commotrade Q1 Results also showed a QoQ decline in profit from derivatives by ₹26.20 lakhs.
by P Nandhini
Updated Aug 30, 2024
Table of Content
Comfort Commotrade Q1 Results: Comfort Commotrade announced its Q1 financial results for the fiscal year 2024-2025 on August 9, 2024. The company reported a significant increase in its net sales, reaching ₹1,003.79 lakhs for the quarter ended June 30, 2024.
Despite the rise in sales, the company experienced a decrease in profit from derivatives and non-delivery trading, which fell from ₹-3.28 lakhs in Q4 2023-2024 to ₹-29.48 lakhs in Q1 2024-2025.
In terms of profitability, Comfort Commotrade saw a dramatic improvement year-over-year, with a profit after tax of ₹695.01 lakhs for Q1 2024-2025, a substantial increase from ₹9.17 lakhs in the same quarter last year, marking an impressive growth of approximately 7,583%.
This sharp rise in profit is attributed to better operational efficiency and increased brokerage income. The company’s earnings per share (EPS) also saw a significant boost, standing at ₹6.94 compared to ₹0.09 in the previous year, highlighting a strong financial performance for the quarter.
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Comfort Commotrade Q1 Results 2024 - 2025
Here are the key highlights from Comfort Commotrade’s Q1 financial results for 2024-2025:
| Particulars | 30/06/2024 | 31/03/2024 |
|---|---|---|
| Net Sales/Income from Operations | ₹1,003.79 lakhs | ₹980.71 lakhs |
| Profit from Derivatives & Non-Delivery Trading (Net of Loss) | ₹-29.48 lakhs | ₹-3.28 lakhs |
| Income from Brokerage, etc. | ₹6.40 lakhs | ₹2.91 lakhs |
| Total Income | ₹983.62 lakhs | ₹980.71 lakhs |
| Total Expenditure | ₹730.99 lakhs | ₹757.45 lakhs |
| Profit Before Exceptional Items & Tax | ₹941.47 lakhs | ₹544.65 lakhs |
| Profit Before Tax | ₹941.47 lakhs | ₹544.65 lakhs |
| Tax Expenses | ₹45.65 lakhs | ₹200.81 lakhs |
| Profit After Tax | ₹695.01 lakhs | ₹9.17 lakhs |
| Earnings Per Share (EPS) | ₹6.94 | ₹0.09 |
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Comfort Commotrade Current Market Overview
As of now, Comfort Commotrade’s stock is trading at ₹35.0, which is down by 3.13%. The company's market capitalization stands at ₹35.1 crore. The stock has seen a high of ₹41.0 and a low of ₹16.0 over its trading period.
With a low Price-to-Earnings (P/E) ratio of 1.47 and a high Return on Capital Employed (ROCE) of 50.0%, it reflects strong profitability and efficient use of capital. The Return on Equity (ROE) is also notable at 43.8%. Currently, the company does not offer a dividend, and the book value per share is ₹46.4.
| Aspect | Value |
|---|---|
| Current Price | ₹35.0 |
| Market Cap | ₹35.1 Crore |
| High / Low | ₹41.0 / ₹16.0 |
| Stock P/E Ratio | 1.47 |
| Book Value | ₹46.4 |
| Dividend Yield | 0.00% |
| Return on Capital Employed (ROCE) | 50.0% |
| Return on Equity (ROE) | 43.8% |
| Face Value | ₹10.0 |
Quarterly Results
Here is a summary of Comfort Commotrade’s quarterly results for December 2023, March 2024, and June 2024:
| Metric | Dec 2023 | Mar 2024 | Jun 2024 |
|---|---|---|---|
| Sales | 2.07 | 12.65 | 9.81 |
| Expenses | -10.56 | 7.14 | 0.16 |
| Operating Profit | 12.63 | 5.51 | 9.65 |
| OPM % | 610.14% | 43.56% | 98.37% |
| Other Income | 0.09 | 0.11 | 0.03 |
| Interest | 0.26 | 0.17 | 0.26 |
| Depreciation | 0.01 | 0.01 | 0.01 |
| Profit Before Tax | 12.45 | 5.44 | 9.41 |
| Tax % | 1.53% | 98.53% | 26.25% |
| Net Profit | 12.26 | 0.09 | 6.95 |
| EPS (Rs) | 12.24 | 0.09 | 6.94 |
About Comfort Commotrade
Comfort Commotrade is a commodity broking company based in Mumbai, Maharashtra. Established in 2007 and listed as a public company in 2012, it operates in various commodity markets, including bullion, energy, metals, food grains, spices, and oil.
The company is a member of major commodity exchanges like NCDEX and MCX. Comfort Commotrade offers a range of financial services through its group companies, focusing on customer service, ethical practices, and advanced technology to provide cost-effective solutions and valuable investment opportunities.
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Comfort Commotrade Q1 Results - FAQs
1. What was Comfort Commotrade's net sales for Q1 2024-2025?
Comfort Commotrade's net sales for Q1 2024-2025 were ₹1,003.79 lakhs.
2. How did Comfort Commotrade's profit from derivatives and non-delivery trading change in Q1 2024-2025?
Comfort Commotrade's profit from derivatives and non-delivery trading decreased to ₹-29.48 lakhs in Q1 2024-2025.
3. What was Comfort Commotrade’s profit after tax for Q1 2024-2025?
Comfort Commotrade’s profit after tax for Q1 2024-2025 was ₹695.01 lakhs.
4. What was Comfort Commotrade's earnings per share (EPS) for Q1 2024-2025?
Comfort Commotrade's EPS for Q1 2024-2025 was ₹6.94.
5. What was the total expenditure for Comfort Commotrade in Q1 2024-2025?
Comfort Commotrade’s total expenditure for Q1 2024-2025 was ₹730.99 lakhs.
6. How did Comfort Commotrade’s profit before tax change in Q1 2024-2025?
Comfort Commotrade’s profit before tax for Q1 2024-2025 was ₹941.47 lakhs.
7. What was Comfort Commotrade’s income from brokerage in Q1 2024-2025?
Comfort Commotrade’s income from brokerage in Q1 2024-2025 was ₹6.40 lakhs.
8. What was the tax expense for Comfort Commotrade in Q1 2024-2025?
Comfort Commotrade’s tax expense for Q1 2024-2025 was ₹45.65 lakhs.
9. What was the profit before tax for Comfort Commotrade in the previous quarter?
The profit before tax for Comfort Commotrade in the previous quarter was ₹544.65 lakhs.
10. How did Comfort Commotrade’s expenses in Q1 2024-2025 compare to the previous quarter?
Comfort Commotrade’s expenses decreased to ₹730.99 lakhs from ₹757.45 lakhs in the previous quarter.