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Highlights
- The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company’s sales declined by -2.12 % over the year, decrease in net sales/revenue by -1.61 %.
- 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 72 %. Marginal increase in other income during this quarter, up by 347%.
- Profit over the Year and quarter: Significant improvement in profitability for JK Tyre & Industries Ltd.. Notable increase of 37.65 % in net profit Year to Year, JK Tyre & Industries Ltd.’s profitability increased by 27.17 % in this quarter.
- EPS over the Year and quarter: EPS increased by 30.19 % Year to Year. EPS increased by 24.92 % in previous quarter. Positive impact on shareholders.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 3718.08 Cr | Rs. 3698.45 Cr | Rs. 3639.08 Cr | -1.61 % | -2.12 % |
Expenses | Rs. 3261.71 Cr | Rs. 3220.53 Cr | Rs. 3139.1 Cr | -2.53 % | -3.76 % |
Operating Profit | Rs. 456.37 Cr | Rs. 477.92 Cr | Rs. 499.98 Cr | + 4.62 % | + 9.56 % |
OPM % | 12.27 % | 12.92 % | 13.74 % | + 0.82 % | + 1.47 % |
Other Income | Rs. 12.68 Cr | Rs. -8.83 Cr | Rs. 21.81 Cr | + 347 % | + 72 % |
Interest | Rs. 122.24 Cr | Rs. 108.61 Cr | Rs. 112.37 Cr | + 3.46 % | -8.07 % |
Depreciation | Rs. 105.81 Cr | Rs. 112 Cr | Rs. 112.55 Cr | + 0.49 % | + 6.37 % |
Profit before tax | Rs. 241 Cr | Rs. 248.48 Cr | Rs. 296.87 Cr | + 19.47 % | + 23.18 % |
Tax % | 34.09 % | 30.52 % | 27.06 % | -3.46 % | -7.03 % |
Net Profit | Rs. 158.59 Cr | Rs. 171.66 Cr | Rs. 218.3 Cr | + 27.17 % | + 37.65 % |
EPS in Rs | Rs. 5.91 | Rs. 6.16 | Rs. 7.69 | + 24.84 % | + 30.12 % |
Today, we’re looking at JK Tyre & Industries 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 -2.12 %. However, it did see a marginal slip of -1.61 % from the previous quarter. Expenses decreased slightly by -2.53 % quarter-on-quarter, aligning with the annual decline of -3.76 %. Operating profit, while up 9.56 % compared to last year, faced a quarter-on-quarter increase of 4.62 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 1.47 %, but an expansion of 0.82 % sequentially. Other income rose by 347 % compared to the last quarter, despite an annual growth of 72 %. Interest expenses surged remarkably by 3.46 % from the previous quarter, yet the year-over-year decrease remains at a moderate -8.07 %. Depreciation costs climbed by 0.49 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 6.37 %. Profit before tax grew annually by 23.18 % but saw an increase from the preceding quarter by 19.47 %.
Tax expenses as a percentage of profits decreased slightly by -7.03 % compared to last year, with a more notable quarter-on-quarter decrease of -3.46 %. Net profit rose by 37.65 % year-on-year but experienced a 27.17 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 30.12 % but a quarterly rise of 24.84 %. In summary, JK Tyre & Industries 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. 3718.08 Cr | Rs. 3698.45 Cr | Rs. 3639.08 Cr | -1.61 % | -2.12 % |
Expenses | Rs. 3261.71 Cr | Rs. 3220.53 Cr | Rs. 3139.1 Cr | -2.53 % | -3.76 % |
Operating Profit | Rs. 456.37 Cr | Rs. 477.92 Cr | Rs. 499.98 Cr | + 4.62 % | + 9.56 % |
Net Profit | Rs. 158.59 Cr | Rs. 171.66 Cr | Rs. 218.3 Cr | + 27.17 % | + 37.65 % |
EPS in Rs | Rs. 5.91 | Rs. 6.16 | Rs. 7.69 | + 24.84 % | + 30.12 % |
In reviewing JK Tyre & Industries Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -2.12 % year-on-year, although there was a slight dip of -1.61 % from the previous quarter. Expenses decreased by -3.76 % compared to the previous year, with a decrease of -2.53 % quarter-on-quarter. Operating Profit surged by 9.56 % annually, and saw a 4.62 % increase from the last quarter.
Net Profit showed yearly increase of 37.65 %, and experienced a 27.17 % increase from the previous quarter. Earnings Per Share (EPS) rose by 30.12 % annually, however rose by 24.84 % compared to the last quarter. In essence, while JK Tyre & Industries 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.
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