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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 -19.03 % over the year, decrease in net sales/revenue by -35.22 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -18.38 %, Marginal decrease of -31.44% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for KG Petrochem Ltd.. Profit dropped by -296.37 % Year to Year, KG Petrochem Ltd.’s profitability increased by 123.62 % in this quarter.
- EPS over the Year and quarter: EPS declined by -296.84 % Year to Year. EPS increased by 123.95 % in previous quarter. Positive impact on shareholders.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 84.207 Cr | Rs. 105.247 Cr | Rs. 68.184 Cr | -35.22 % | -19.03 % |
Expenses | Rs. 81.64 Cr | Rs. 98.73 Cr | Rs. 62.15 Cr | -37.05 % | -23.87 % |
Operating Profit | Rs. 2.57 Cr | Rs. 6.52 Cr | Rs. 6.03 Cr | -7.52 % | + 134.63 % |
OPM % | 3.05 % | 6.19 % | 8.84 % | + 2.65 % | + 5.79 % |
Other Income | Rs. 1.197 Cr | Rs. 1.425 Cr | Rs. 0.977 Cr | -31.44 % | -18.38 % |
Interest | Rs. 1.78 Cr | Rs. 3.03 Cr | Rs. 1.74 Cr | -42.57 % | -2.25 % |
Depreciation | Rs. 2.82 Cr | Rs. 3.18 Cr | Rs. 3.22 Cr | + 1.26 % | + 14.18 % |
Profit before tax | Rs. -0.83 Cr | Rs. 1.74 Cr | Rs. 2.05 Cr | + 17.82 % | + 346.99 % |
Tax % | -18.21 % | 49.86 % | 5.25 % | -44.61 % | + 23.46 % |
Net Profit | Rs. -0.99 Cr | Rs. 0.87 Cr | Rs. 1.95 Cr | + 124.14 % | + 296.97 % |
EPS in Rs | Rs. -1.9 | Rs. 1.67 | Rs. 3.74 | + 123.95 % | + 296.84 % |
Today, we’re looking at KG Petrochem 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 -19.03 %. However, it did see a marginal slip of -35.22 % from the previous quarter. Expenses decreased slightly by -37.05 % quarter-on-quarter, aligning with the annual decline of -23.87 %. Operating profit, while up 134.63 % compared to last year, faced a quarter-on-quarter dip of -7.52 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 5.79 %, but an expansion of 2.65 % sequentially. Other income fell by -31.44 % compared to the last quarter, despite an annual decline of -18.38 %. Interest expenses dropped significantly by -42.57 % from the previous quarter, yet the year-over-year decrease remains at a moderate -2.25 %. Depreciation costs climbed by 1.26 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 14.18 %. Profit before tax grew annually by 346.99 % but saw an increase from the preceding quarter by 17.82 %.
Tax expenses as a percentage of profits increased slightly by 23.46 % compared to last year, with a more notable quarter-on-quarter decrease of -44.61 %. Net profit rose by 296.97 % year-on-year but experienced a 124.14 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 296.84 % but a quarterly rise of 123.95 %. In summary, KG Petrochem 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. 84.207 Cr | Rs. 105.247 Cr | Rs. 68.184 Cr | -35.22 % | -19.03 % |
Expenses | Rs. 81.64 Cr | Rs. 98.73 Cr | Rs. 62.15 Cr | -37.05 % | -23.87 % |
Operating Profit | Rs. 2.57 Cr | Rs. 6.52 Cr | Rs. 6.03 Cr | -7.52 % | + 134.63 % |
Net Profit | Rs. -0.99 Cr | Rs. 0.87 Cr | Rs. 1.95 Cr | + 124.14 % | + 296.97 % |
EPS in Rs | Rs. -1.9 | Rs. 1.67 | Rs. 3.74 | + 123.95 % | + 296.84 % |
In reviewing KG Petrochem Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -19.03 % year-on-year, although there was a slight dip of -35.22 % from the previous quarter. Expenses decreased by -23.87 % compared to the previous year, with a decrease of -37.05 % quarter-on-quarter. Operating Profit surged by 134.63 % annually, and saw a -7.52 % decrease from the last quarter.
Net Profit showed yearly increase of 296.97 %, and experienced a 124.14 % increase from the previous quarter. Earnings Per Share (EPS) rose by 296.84 % annually, however rose by 123.95 % compared to the last quarter. In essence, while KG Petrochem Ltd. exhibits strong annual growth indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.