Highlights
- Sales over the Year and quarter: The company’s sales declined by -11.78 % over the year, decrease in net sales/revenue by -4.81 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -35.79 %, Marginal decrease of -30.68% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Kalyani Forge Ltd.. Profit dropped by -7.24 % Year to Year, Kalyani Forge Ltd.’s profitability dropped by -53.4 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -7.18 % Year to Year. EPS decreased by -53.37 % 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. 64.416 Cr | Rs. 59.699 Cr | Rs. 56.825 Cr | -4.81 % | -11.78 % |
| Expenses | Rs. 60.12 Cr | Rs. 56.81 Cr | Rs. 55.08 Cr | -3.05 % | -8.38 % |
| Operating Profit | Rs. 4.3 Cr | Rs. 2.89 Cr | Rs. 1.75 Cr | -39.45 % | -59.3 % |
| OPM % | 6.68 % | 4.84 % | 3.08 % | -1.76 % | -3.6 % |
| Other Income | Rs. 1.9 Cr | Rs. 1.76 Cr | Rs. 1.22 Cr | -30.68 % | -35.79 % |
| Interest | Rs. 0.98 Cr | Rs. 1.75 Cr | Rs. 1.49 Cr | -14.86 % | + 52.04 % |
| Depreciation | Rs. 2.5 Cr | Rs. 1.25 Cr | Rs. 0.29 Cr | -76.8 % | -88.4 % |
| Profit before tax | Rs. 2.72 Cr | Rs. 1.65 Cr | Rs. 1.19 Cr | -27.88 % | -56.25 % |
| Tax % | 72 % | 8.14 % | 40.15 % | + 32.01 % | -31.85 % |
| Net Profit | Rs. 0.76 Cr | Rs. 1.51 Cr | Rs. 0.71 Cr | -52.98 % | -6.58 % |
| EPS in Rs | Rs. 2.09 | Rs. 4.16 | Rs. 1.94 | -53.37 % | -7.18 % |
Today, we’re looking at Kalyani Forge Ltd.’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -11.78 %. However, it did see a marginal slip of -4.81 % from the previous quarter. Expenses decreased slightly by -3.05 % quarter-on-quarter, aligning with the annual decline of -8.38 %. Operating profit, while down -59.3 % compared to last year, faced a quarter-on-quarter dip of -39.45 %, 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 -3.6 %, but a shrinkage of -1.76 % sequentially. Other income fell by -30.68 % compared to the last quarter, despite an annual decline of -35.79 %. Interest expenses dropped significantly by -14.86 % from the previous quarter, yet the year-over-year increase remains at a moderate 52.04 %. Depreciation costs fell by -76.8 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -88.4 %. Profit before tax declined annually by -56.25 % but saw a reduction from the preceding quarter by -27.88 %.
Tax expenses as a percentage of profits decreased slightly by -31.85 % compared to last year, with a more notable quarter-on-quarter increase of 32.01 %. Net profit fell by -6.58 % year-on-year but witnessed a -52.98 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -7.18 % but a quarterly fall of -53.37 %. In summary, Kalyani Forge 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. 64.416 Cr | Rs. 59.699 Cr | Rs. 56.825 Cr | -4.81 % | -11.78 % |
| Expenses | Rs. 60.12 Cr | Rs. 56.81 Cr | Rs. 55.08 Cr | -3.05 % | -8.38 % |
| Operating Profit | Rs. 4.3 Cr | Rs. 2.89 Cr | Rs. 1.75 Cr | -39.45 % | -59.3 % |
| Net Profit | Rs. 0.76 Cr | Rs. 1.51 Cr | Rs. 0.71 Cr | -52.98 % | -6.58 % |
| EPS in Rs | Rs. 2.09 | Rs. 4.16 | Rs. 1.94 | -53.37 % | -7.18 % |
In reviewing Kalyani Forge Ltd.’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -11.78 % year-on-year, although there was a slight dip of -4.81 % from the previous quarter. Expenses decreased by -8.38 % compared to the previous year, with a decrease of -3.05 % quarter-on-quarter. Operating Profit dropped by -59.3 % annually, and saw a -39.45 % decrease from the last quarter.
Net Profit showed yearly decrease of -6.58 %, and experienced a -52.98 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -7.18 % annually, however dipped by -53.37 % compared to the last quarter. In essence, while Kalyani Forge 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.
