Comfort Comm Reports Sharp Decline in Q4 Net Sales, with YoY Decrease of 60.93%

The standalone quarterly financial results for Comfort Commotrade in March 2023 show a decline in net sales compared to the same period in the previous year. The net sales for March 2023 amounted to Rs 14.53 crore, which is a decrease of 60.93% from the net sales of Rs 37.19 crore in March 2022.

Additionally, Comfort Commotrade reported a net loss of Rs 6.50 crore in March 2023, reflecting a significant increase in losses compared to the net loss of Rs 0.50 crore in March 2022. The loss has risen by 1203.13% year-on-year.

The company’s EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) for March 2023 stood at negative Rs 6.19 crore. This represents a substantial decline of 3157.89% from the EBITDA of Rs 0.19 crore in March 2022.

As for the stock performance, Comfort Comm’s shares closed at Rs 19.00 on May 31, 2023, on the Bombay Stock Exchange (BSE). Over the past six months, the stock has yielded a return of 1.55%. Over the last 12 months, the stock has shown a return of 21.41%.

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