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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 -28.03 % over the year, decrease in net sales/revenue by -28.85 %.
- 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 257.32 %. Marginal increase in other income during this quarter, up by 143.4%.
- Profit over the Year and quarter: Challenges in sustaining profitability for Kanani Industries Ltd. Profit dropped by -84.88 % Year to Year, Kanani Industries Ltd’s profitability dropped by -80 % Quarter to Quarter.
- EPS over the Year and quarter: EPS decreased by -100 % 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. 65.792 Cr | Rs. 66.544 Cr | Rs. 47.349 Cr | -28.85 % | -28.03 % |
| Expenses | Rs. 65.22 Cr | Rs. 66.32 Cr | Rs. 47.42 Cr | -28.5 % | -27.29 % |
| Operating Profit | Rs. 0.57 Cr | Rs. 0.22 Cr | Rs. -0.07 Cr | -131.82 % | -112.28 % |
| OPM % | 0.87 % | 0.33 % | -0.15 % | -0.48 % | -1.02 % |
| Other Income | Rs. -0.082 Cr | Rs. 0.053 Cr | Rs. 0.129 Cr | + 143.4 % | + 257.32 % |
| Interest | Rs. 0.12 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Depreciation | Rs. 0.01 Cr | Rs. 0.01 Cr | Rs. 0.01 Cr | + 0 % | + 0 % |
| Profit before tax | Rs. 0.36 Cr | Rs. 0.26 Cr | Rs. 0.05 Cr | -80.77 % | -86.11 % |
| Tax % | 6.78 % | 4.41 % | 4 % | -0.41 % | -2.78 % |
| Net Profit | Rs. 0.34 Cr | Rs. 0.26 Cr | Rs. 0.05 Cr | -80.77 % | -85.29 % |
| EPS in Rs | Rs. 0.03 | Rs. 0.01 | Rs. 0 | 0 % | 0 % |
Today, we’re looking at Kanani Industries Ltd’s financial performance for the Q2(Sep 2024-25).Starting with the top line, the company reported a significant year-over-year sales decline of -28.03 %. However, it did see a marginal slip of -28.85 % from the previous quarter. Expenses decreased slightly by -28.5 % quarter-on-quarter, aligning with the annual decline of -27.29 %. Operating profit, while down -112.28 % compared to last year, faced a quarter-on-quarter dip of -131.82 %, 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 -1.02 %, but a shrinkage of -0.48 % sequentially. Other income rose by 143.4 % compared to the last quarter, despite an annual growth of 257.32 %. Depreciation costs climbed by 0 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 0 %. Profit before tax declined annually by -86.11 % but saw a reduction from the preceding quarter by -80.77 %.
Tax expenses as a percentage of profits decreased slightly by -2.78 % compared to last year, with a more notable quarter-on-quarter decrease of -0.41 %. Net profit fell by -85.29 % year-on-year but witnessed a -80.77 % contraction from the last quarter. In summary, Kanani 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. 65.792 Cr | Rs. 66.544 Cr | Rs. 47.349 Cr | -28.85 % | -28.03 % |
| Expenses | Rs. 65.22 Cr | Rs. 66.32 Cr | Rs. 47.42 Cr | -28.5 % | -27.29 % |
| Operating Profit | Rs. 0.57 Cr | Rs. 0.22 Cr | Rs. -0.07 Cr | -131.82 % | -112.28 % |
| Net Profit | Rs. 0.34 Cr | Rs. 0.26 Cr | Rs. 0.05 Cr | -80.77 % | -85.29 % |
| EPS in Rs | Rs. 0.03 | Rs. 0.01 | Rs. 0 | 0 % | 0 % |
In reviewing Kanani Industries Ltd’s 2024-25(Q2) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -28.03 % year-on-year, although there was a slight dip of -28.85 % from the previous quarter. Expenses decreased by -27.29 % compared to the previous year, with a decrease of -28.5 % quarter-on-quarter. Operating Profit dropped by -112.28 % annually, and saw a -131.82 % decrease from the last quarter.
Net Profit showed yearly decrease of -85.29 %, and experienced a -80.77 % decrease from the previous quarter. In essence, while Kanani Industries 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.
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