Share the post "Kusam Electrical Industies ‘s Q1 Results: Profit Drops by 218.18% YoY"
Highlights
- The presented financial data is Standalone to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company’s sales declined by -20.92 % over the year, decrease in net sales/revenue by -16.75 %.
- Income over the Year and quarter: There has been either a marginal increase or a decline in other income over the past year which is 333.33 %. Marginal decrease of -35% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Kusam Electrical Industies Ltd.,. Profit dropped by -220.64 % Year to Year, Kusam Electrical Industies Ltd.,’s profitability increased by 436.73 % in this quarter.
- EPS over the Year and quarter: EPS declined by -220.59 % Year to Year. EPS increased by 54650 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 1.974 Cr | Rs. 1.875 Cr | Rs. 1.561 Cr | -16.75 % | -20.92 % |
| Expenses | Rs. 1.65 Cr | Rs. 1.94 Cr | Rs. 1.82 Cr | -6.19 % | + 10.3 % |
| Operating Profit | Rs. 0.32 Cr | Rs. -0.07 Cr | Rs. -0.26 Cr | -271.43 % | -181.25 % |
| OPM % | 16.21 % | -3.73 % | -16.66 % | -12.93 % | -32.87 % |
| Other Income | Rs. 0.003 Cr | Rs. 0.02 Cr | Rs. 0.013 Cr | -35 % | + 333.33 % |
| Interest | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Depreciation | Rs. 0.02 Cr | Rs. 0.03 Cr | Rs. 0.02 Cr | -33.33 % | + 0 % |
| Profit before tax | Rs. 0.3 Cr | Rs. -0.08 Cr | Rs. -0.27 Cr | -237.5 % | -190 % |
| Tax % | 27.81 % | -34.67 % | -1.5 % | + 33.17 % | -29.31 % |
| Net Profit | Rs. 0.22 Cr | Rs. -0.05 Cr | Rs. -0.26 Cr | -420 % | -218.18 % |
| EPS in Rs | Rs. 9.08 | Rs. -0.02 | Rs. -10.95 | -54650 % | -220.59 % |
Today, we’re looking at Kusam Electrical Industies Ltd.,’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -20.92 %. However, it did see a marginal slip of -16.75 % from the previous quarter. Expenses decreased slightly by -6.19 % quarter-on-quarter, aligning with the annual rise of 10.3 %. Operating profit, while down -181.25 % compared to last year, faced a quarter-on-quarter dip of -271.43 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -32.87 %, but a shrinkage of -12.93 % sequentially. Other income fell by -35 % compared to the last quarter, despite an annual growth of 333.33 %. Depreciation costs fell by -33.33 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 0 %. Profit before tax declined annually by -190 % but saw a reduction from the preceding quarter by -237.5 %.
Tax expenses as a percentage of profits decreased slightly by -29.31 % compared to last year, with a more notable quarter-on-quarter increase of 33.17 %. Net profit fell by -218.18 % year-on-year but witnessed a -420 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -220.59 % but a quarterly fall of -54650 %. In summary, Kusam Electrical Industies Ltd.,’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 1.974 Cr | Rs. 1.875 Cr | Rs. 1.561 Cr | -16.75 % | -20.92 % |
| Expenses | Rs. 1.65 Cr | Rs. 1.94 Cr | Rs. 1.82 Cr | -6.19 % | + 10.3 % |
| Operating Profit | Rs. 0.32 Cr | Rs. -0.07 Cr | Rs. -0.26 Cr | -271.43 % | -181.25 % |
| Net Profit | Rs. 0.22 Cr | Rs. -0.05 Cr | Rs. -0.26 Cr | -420 % | -218.18 % |
| EPS in Rs | Rs. 9.08 | Rs. -0.02 | Rs. -10.95 | -54650 % | -220.59 % |
In reviewing Kusam Electrical Industies Ltd.,’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -20.92 % year-on-year, although there was a slight dip of -16.75 % from the previous quarter. Expenses rose by 10.3 % compared to the previous year, with a decrease of -6.19 % quarter-on-quarter. Operating Profit dropped by -181.25 % annually, and saw a -271.43 % decrease from the last quarter.
Net Profit showed yearly decrease of -218.18 %, and experienced a -420 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -220.59 % annually, however dipped by -54650 % compared to the last quarter. In essence, while Kusam Electrical Industies Ltd., faces strong annual decline indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.
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