NewsEarningsComfort Commotrade Reports Rs. 661.28 Crore Q1 Profit, Announces Leadership ChangesComfort Commotrade Reports Rs. 661.28 Crore Q1 Profit, Announces Leadership Changes
By ScanX News Team
Comfort Commotrade Limited posted a profit after tax of Rs. 661.28 crore for Q1, with net sales of Rs. 892.98 crore. The company announced September 5 as the record date for AGM voting and dividend eligibility. Mrs. Nidhi Rohit Grover resigned as Company Secretary, replaced by Ms. Sakshi M. Shah. The trading window for company securities will reopen on August 1.
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Comfort Commotrade Limited has reported a strong financial performance for the first quarter, along with significant corporate updates including changes in key personnel.
Financial Highlights
The company posted a profit after tax of Rs. 661.28 crore for Q1, compared to Rs. 718.94 crore in the same quarter last year. While this represents a slight year-over-year decrease, Comfort Commotrade's performance remains robust.
Net sales/income from operations reached Rs. 892.98 crore, primarily driven by share sales of Rs. 887.74 crore. The company's financial results demonstrate its strong position in the market, with a basic earnings per share (EPS) of Rs. 6.60.
Corporate Updates
Annual General Meeting and Dividend
The Board of Directors has set September 5 as the record date for determining shareholder eligibility for voting at the Annual General Meeting (AGM) and receiving the final dividend. The AGM is scheduled for September 12 and will be conducted via video conferencing.
Leadership Changes
Comfort Commotrade announced significant changes in its leadership team:
Resignation: Mrs. Nidhi Rohit Grover has resigned from her position as Company Secretary and Compliance Officer, effective July 29, citing personal reasons.
New Appointment: Ms. Sakshi M. Shah, an Associate Member of the Institute of Company Secretaries of India (Membership Number A77471), has been appointed as the new Company Secretary and Compliance Officer, effective July 30.
Trading Window
In compliance with the company's Code of Conduct for Prohibition of Insider Trading and SEBI regulations, the trading window for company securities will reopen on August 1.
Financial Results Overview
| Particulars (Rs. in Crore) | Q1 (Un-audited) | Q1 Previous Year (Un-audited) |
|---|---|---|
| Sales of Shares | 887.74 | 1,003.79 |
| Net Sales/Income | 892.98 | 980.71 |
| Total Income | 900.10 | 983.57 |
| Profit before Tax | 893.08 | 965.39 |
| Profit after Tax | 661.28 | 718.94 |
| Basic EPS (Rs.) | 6.60 | 7.18 |
The company's financial performance reflects its resilience in the face of market challenges, maintaining strong profitability and operational efficiency.
Comfort Commotrade continues to demonstrate its commitment to transparency and corporate governance through timely disclosures and adherence to regulatory requirements. The appointment of Ms. Sakshi M. Shah as the new Company Secretary and Compliance Officer is expected to further strengthen the company's compliance and secretarial functions.
Historical Stock Returns for Comfort Commotrade
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +9.98% | +20.29% | +29.89% | -14.54% | +27.87% | +1,542.50% |
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