Share the post "Kajaria Ceramics : Q1 2024 Financial Quarterly Report : YoY Sales Up 4.65 %, QoQ Down 10.25 %"
Highlights
- The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company experienced a substantial growth of 4.65 % in the past year, decrease in net sales/revenue by -10.25 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -14.98 %, Marginal decrease of -52.87% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Kajaria Ceramics Ltd. Profit dropped by -15.39 % Year to Year, Kajaria Ceramics Ltd’s profitability dropped by -11.46 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -16.44 % Year to Year. EPS decreased by -12.29 % in previous quarter. Analysis needed for shareholder value.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 1064.23 Cr | Rs. 1240.82 Cr | Rs. 1113.69 Cr | -10.25 % | + 4.65 % |
| Expenses | Rs. 895.02 Cr | Rs. 1068.82 Cr | Rs. 946.64 Cr | -11.43 % | + 5.77 % |
| Operating Profit | Rs. 169.21 Cr | Rs. 172 Cr | Rs. 167.05 Cr | -2.88 % | -1.28 % |
| OPM % | 15.9 % | 13.86 % | 15 % | + 1.14 % | -0.9 % |
| Other Income | Rs. 9.28 Cr | Rs. 16.74 Cr | Rs. 7.89 Cr | -52.87 % | -14.98 % |
| Interest | Rs. 5.27 Cr | Rs. 6.61 Cr | Rs. 4.68 Cr | -29.2 % | -11.2 % |
| Depreciation | Rs. 30.52 Cr | Rs. 42.49 Cr | Rs. 42.14 Cr | -0.82 % | + 38.07 % |
| Profit before tax | Rs. 142.7 Cr | Rs. 139.64 Cr | Rs. 128.12 Cr | -8.25 % | -10.22 % |
| Tax % | 23.54 % | 25.2 % | 27.45 % | + 2.25 % | + 3.91 % |
| Net Profit | Rs. 109.11 Cr | Rs. 104.27 Cr | Rs. 92.32 Cr | -11.46 % | -15.39 % |
| EPS in Rs | Rs. 6.75 | Rs. 6.43 | Rs. 5.63 | -12.44 % | -16.59 % |
Today, we’re looking at Kajaria Ceramics Ltd’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 4.65 %. However, it did see a marginal slip of -10.25 % from the previous quarter. Expenses decreased slightly by -11.43 % quarter-on-quarter, aligning with the annual rise of 5.77 %. Operating profit, while down -1.28 % compared to last year, faced a quarter-on-quarter dip of -2.88 %, 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 -0.9 %, but an expansion of 1.14 % sequentially. Other income fell by -52.87 % compared to the last quarter, despite an annual decline of -14.98 %. Interest expenses dropped significantly by -29.2 % from the previous quarter, yet the year-over-year decrease remains at a moderate -11.2 %. Depreciation costs fell by -0.82 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 38.07 %. Profit before tax declined annually by -10.22 % but saw a reduction from the preceding quarter by -8.25 %.
Tax expenses as a percentage of profits increased slightly by 3.91 % compared to last year, with a more notable quarter-on-quarter increase of 2.25 %. Net profit fell by -15.39 % year-on-year but witnessed a -11.46 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -16.59 % but a quarterly fall of -12.44 %. In summary, Kajaria Ceramics 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. 1064.23 Cr | Rs. 1240.82 Cr | Rs. 1113.69 Cr | -10.25 % | + 4.65 % |
| Expenses | Rs. 895.02 Cr | Rs. 1068.82 Cr | Rs. 946.64 Cr | -11.43 % | + 5.77 % |
| Operating Profit | Rs. 169.21 Cr | Rs. 172 Cr | Rs. 167.05 Cr | -2.88 % | -1.28 % |
| Net Profit | Rs. 109.11 Cr | Rs. 104.27 Cr | Rs. 92.32 Cr | -11.46 % | -15.39 % |
| EPS in Rs | Rs. 6.75 | Rs. 6.43 | Rs. 5.63 | -12.44 % | -16.59 % |
In reviewing Kajaria Ceramics Ltd’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 4.65 % year-on-year growth, although there was a slight dip of -10.25 % from the previous quarter. Expenses rose by 5.77 % compared to the previous year, with a decrease of -11.43 % quarter-on-quarter. Operating Profit dropped by -1.28 % annually, and saw a -2.88 % decrease from the last quarter.
Net Profit showed yearly decrease of -15.39 %, and experienced a -11.46 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -16.59 % annually, however dipped by -12.44 % compared to the last quarter. In essence, while Kajaria Ceramics 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.
