Share the post "Kajaria Ceramics Ltd’s Quarterly Result and Earnings Report for Q4(Mar 2024) : Sales increased by 2.99 % in YoY and increased by 7.73 % in QoQ"
Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 2.99 % in the past year, substantial increase in net sales/revenue by 7.73 %.
- 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 61.9 %. Marginal increase in other income during this quarter, up by 48.54%.
- Profit over the Year and quarter: Challenges in sustaining profitability for Kajaria Ceramics Ltd. Profit dropped by -5.8 % Year to Year, Kajaria Ceramics Ltd’s profitability dropped by -3.42 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -5.16 % Year to Year. EPS decreased by -1.68 % 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. 1204.82 Cr | Rs. 1151.75 Cr | Rs. 1240.82 Cr | + 7.73 % | + 2.99 % |
| Expenses | Rs. 1028.88 Cr | Rs. 972.98 Cr | Rs. 1068.82 Cr | + 9.85 % | + 3.88 % |
| Operating Profit | Rs. 175.94 Cr | Rs. 178.77 Cr | Rs. 172 Cr | -3.79 % | -2.24 % |
| OPM % | 14.6 % | 15.52 % | 13.86 % | -1.66 % | -0.74 % |
| Other Income | Rs. 10.34 Cr | Rs. 11.27 Cr | Rs. 16.74 Cr | + 48.54 % | + 61.9 % |
| Interest | Rs. 7.24 Cr | Rs. 4.98 Cr | Rs. 6.61 Cr | + 32.73 % | -8.7 % |
| Depreciation | Rs. 34.32 Cr | Rs. 38.91 Cr | Rs. 42.49 Cr | + 9.2 % | + 23.81 % |
| Profit before tax | Rs. 144.72 Cr | Rs. 146.15 Cr | Rs. 139.64 Cr | -4.45 % | -3.51 % |
| Tax % | 21.19 % | 25.98 % | 25.2 % | -0.78 % | + 4.01 % |
| Net Profit | Rs. 110.69 Cr | Rs. 107.96 Cr | Rs. 104.27 Cr | -3.42 % | -5.8 % |
| EPS in Rs | Rs. 6.78 | Rs. 6.54 | Rs. 6.43 | -1.68 % | -5.16 % |
Today, we’re looking at Kajaria Ceramics Ltd’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 2.99 %. However, it did see a marginal increase of 7.73 % from the previous quarter. Expenses ticked up slightly by 9.85 % quarter-on-quarter, aligning with the annual rise of 3.88 %. Operating profit, while down -2.24 % compared to last year, faced a quarter-on-quarter dip of -3.79 %, 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 -0.74 %, but a shrinkage of -1.66 % sequentially. Other income rose by 48.54 % compared to the last quarter, despite an annual growth of 61.9 %. Interest expenses surged remarkably by 32.73 % from the previous quarter, yet the year-over-year decrease remains at a moderate -8.7 %. Depreciation costs climbed by 9.2 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 23.81 %. Profit before tax declined annually by -3.51 % but saw a reduction from the preceding quarter by -4.45 %.
Tax expenses as a percentage of profits increased slightly by 4.01 % compared to last year, with a more notable quarter-on-quarter decrease of -0.78 %. Net profit fell by -5.8 % year-on-year but witnessed a -3.42 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -5.16 % but a quarterly fall of -1.68 %. 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. 1204.82 Cr | Rs. 1151.75 Cr | Rs. 1240.82 Cr | + 7.73 % | + 2.99 % |
| Expenses | Rs. 1028.88 Cr | Rs. 972.98 Cr | Rs. 1068.82 Cr | + 9.85 % | + 3.88 % |
| Operating Profit | Rs. 175.94 Cr | Rs. 178.77 Cr | Rs. 172 Cr | -3.79 % | -2.24 % |
| Net Profit | Rs. 110.69 Cr | Rs. 107.96 Cr | Rs. 104.27 Cr | -3.42 % | -5.8 % |
| EPS in Rs | Rs. 6.78 | Rs. 6.54 | Rs. 6.43 | -1.68 % | -5.16 % |
In reviewing Kajaria Ceramics Ltd’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 2.99 % year-on-year growth, however, there was a minor increase of 7.73 % from the previous quarter. Expenses rose by 3.88 % compared to the previous year, with a 9.85 % increase quarter-on-quarter. Operating Profit dropped by -2.24 % annually, and saw a -3.79 % decrease from the last quarter.
Net Profit showed yearly decrease of -5.8 %, and experienced a -3.42 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -5.16 % annually, however dipped by -1.68 % 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.
