Coromandel Engineering Company achieved a significant turnaround in its financial performance during the quarter ended June 2026. According to reports from Business Standard, the company reported a standalone net profit of ₹0.33 crore in Q1 FY27, marking a complete reversal from the net loss of ₹0.73 crore recorded in the corresponding quarter of the previous financial year. This represents a substantial improvement in the company's bottom-line performance.
The company demonstrated strong revenue growth during the quarter, with sales rising 78.81% to ₹15.36 crore in Q1 FY27 compared to ₹8.59 crore in the same period last year. As reported by Business Standard, this significant increase in sales revenue contributed to the improved overall financial performance and helped the company achieve profitability during the quarter.
Operating profit margin (OPM) improved to 9.24% in the quarter ended June 2026, up from 10.83% in the corresponding quarter of the previous year. According to the financial data reported by Business Standard, this margin improvement indicates better operational efficiency and cost management during the quarter. The company's PBDT increased 53% to ₹0.61 crore and PBT rose 450% to ₹0.33 crore compared to the previous year's quarter.
