Kandagiri Spinning Mills ‘s Q2 Report: Profit Decreases by 470% YoY

The comprehensive analytics outlining the performance and outlook of Kandagiri Spinning Mills Ltd.‘s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

Today, we’re looking at Kandagiri Spinning Mills Ltd.’s financial performance for the Q2(Sep 2024-25).However, it did see a marginal increase of 363.55 % from the previous quarter. Expenses ticked up slightly by 180.95 % quarter-on-quarter, aligning with the annual rise of 136 %. Operating profit, while up 64 % compared to last year, faced a quarter-on-quarter increase of 10 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -18.15 %, but an expansion of 75.31 % sequentially. Other income rose by 618.18 % compared to the last quarter, despite an annual decline of -91.22 %. Interest expenses surged remarkably by 30 % from the previous quarter, yet the year-over-year decrease remains at a moderate -35 %. Depreciation costs climbed by 42.86 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 42.86 %. Profit before tax declined annually by -305.56 % but saw a reduction from the preceding quarter by -2.78 %.
Tax expenses as a percentage of profits decreased slightly by -48.19 % compared to last year, Net profit fell by -470 % year-on-year but experienced a 0 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -484 % but a quarterly fall of -1.05 %. In summary, Kandagiri Spinning Mills Ltd.’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.

In reviewing Kandagiri Spinning Mills Ltd.’s 2024-25(Q2) financial snapshot, key trends emerge, shedding light on the company’s performance.however, there was a minor increase of 363.55 % from the previous quarter. Expenses rose by 136 % compared to the previous year, with a 180.95 % increase quarter-on-quarter. Operating Profit surged by 64 % annually, and saw a 10 % increase from the last quarter.
Net Profit showed yearly decrease of -470 %, and experienced a 0 % increase from the previous quarter. Earnings Per Share (EPS) fell by -484 % annually, however dipped by -1.05 % compared to the last quarter. In essence, while Kandagiri Spinning Mills Ltd. faces strong annual decline 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.