Everest Kanto Cylinder announced Financial Results Q1 2024

The comprehensive analytics outlining the performance and outlook of Everest Kanto Cylinder Limited‘s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

Today, we’re looking at Everest Kanto Cylinder Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 27.73 %. However, it did see a marginal increase of 5.21 % from the previous quarter. Expenses ticked up slightly by 2.12 % quarter-on-quarter, aligning with the annual rise of 30.16 %. Operating profit, while up 12.47 % compared to last year, faced a quarter-on-quarter increase of 34.75 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -1.65 %, but an expansion of 2.65 % sequentially. Other income rose by 330.32 % compared to the last quarter, despite an annual growth of 23.96 %. Interest expenses surged remarkably by 0.92 % from the previous quarter, yet the year-over-year increase remains at a moderate 19.67 %. Depreciation costs fell by -4.85 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 5.82 %. Profit before tax grew annually by 15.37 % but saw an increase from the preceding quarter by 98.49 %.
Tax expenses as a percentage of profits decreased slightly by -8.54 % compared to last year, with a more notable quarter-on-quarter decrease of -5.71 %. Net profit rose by 28.28 % year-on-year but experienced a 112.81 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 28.87 % but a quarterly rise of 93.8 %. In summary, Everest Kanto Cylinder Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.

In reviewing Everest Kanto Cylinder Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 27.73 % year-on-year growth, however, there was a minor increase of 5.21 % from the previous quarter. Expenses rose by 30.16 % compared to the previous year, with a 2.12 % increase quarter-on-quarter. Operating Profit surged by 12.47 % annually, and saw a 34.75 % increase from the last quarter.
Net Profit showed yearly increase of 28.28 %, and experienced a 112.81 % increase from the previous quarter. Earnings Per Share (EPS) rose by 28.87 % annually, however rose by 93.8 % compared to the last quarter. In essence, while Everest Kanto Cylinder Limited 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.