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Kanishk Steel Industries : Q4 2024 Financial Quarterly Report : YoY Sales Down 8.12 %, QoQ Up 5.03 %

June 30, 2024June 30, 2024| adminadmin| 0 Comments| 11:35 pm
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Highlights

  • Sales over the Year and quarter: The company’s sales declined by -8.12 % over the year, substantial increase in net sales/revenue by 5.03 %.
  • Income over the Year and quarter: There has been decline in other income over the past year which is -60.49 %, Marginal decrease of -21.74% in other income during this quarter.
  • Profit over the Year and quarter: Significant improvement in profitability for Kanishk Steel Industries Ltd. Notable increase of 154.4 % in net profit Year to Year, Kanishk Steel Industries Ltd’s profitability dropped by -248.41 % Quarter to Quarter.
  • EPS over the Year and quarter: EPS increased by 156.25 % Year to Year. EPS decreased by -248.19 % in previous quarter. Analysis needed for shareholder value.

The comprehensive analytics outlining the performance and outlook of Kanishk Steel Industries 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.

Metrics Previous Year Previous Quarter Current Quarter Quarter to Quarter Difference Year to Year Difference
Sales Rs. 106.08 Cr Rs. 92.799 Cr Rs. 97.463 Cr + 5.03 % -8.12 %
Expenses Rs. 109.17 Cr Rs. 88.58 Cr Rs. 100.34 Cr + 13.28 % -8.09 %
Operating Profit Rs. -3.09 Cr Rs. 4.22 Cr Rs. -2.88 Cr -168.25 % + 6.8 %
OPM % -2.91 % 4.55 % -2.95 % -7.5 % -0.04 %
Other Income Rs. 4.1 Cr Rs. 2.07 Cr Rs. 1.62 Cr -21.74 % -60.49 %
Interest Rs. 0.37 Cr Rs. 1.17 Cr Rs. 1.35 Cr + 15.38 % + 264.86 %
Depreciation Rs. 0.31 Cr Rs. 2.09 Cr Rs. 0.64 Cr -69.38 % + 106.45 %
Profit before tax Rs. 0.33 Cr Rs. 3.03 Cr Rs. -3.25 Cr -207.26 % -1084.85 %
Tax % 504.71 % 21.93 % -8.13 % -30.06 % -512.84 %
Net Profit Rs. -1.38 Cr Rs. 2.36 Cr Rs. -3.5 Cr -248.31 % -153.62 %
EPS in Rs Rs. -0.48 Rs. 0.83 Rs. -1.23 -248.19 % -156.25 %


Today, we’re looking at Kanishk Steel Industries 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 -8.12 %. However, it did see a marginal increase of 5.03 % from the previous quarter. Expenses ticked up slightly by 13.28 % quarter-on-quarter, aligning with the annual decline of -8.09 %. Operating profit, while up 6.8 % compared to last year, faced a quarter-on-quarter dip of -168.25 %, 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 -0.04 %, but a shrinkage of -7.5 % sequentially. Other income fell by -21.74 % compared to the last quarter, despite an annual decline of -60.49 %. Interest expenses surged remarkably by 15.38 % from the previous quarter, yet the year-over-year increase remains at a moderate 264.86 %. Depreciation costs fell by -69.38 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 106.45 %. Profit before tax declined annually by -1084.85 % but saw a reduction from the preceding quarter by -207.26 %.
Tax expenses as a percentage of profits decreased slightly by -512.84 % compared to last year, with a more notable quarter-on-quarter decrease of -30.06 %. Net profit fell by -153.62 % year-on-year but witnessed a -248.31 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -156.25 % but a quarterly fall of -248.19 %. In summary, Kanishk Steel 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. 106.08 Cr Rs. 92.799 Cr Rs. 97.463 Cr + 5.03 % -8.12 %
Expenses Rs. 109.17 Cr Rs. 88.58 Cr Rs. 100.34 Cr + 13.28 % -8.09 %
Operating Profit Rs. -3.09 Cr Rs. 4.22 Cr Rs. -2.88 Cr -168.25 % + 6.8 %
Net Profit Rs. -1.38 Cr Rs. 2.36 Cr Rs. -3.5 Cr -248.31 % -153.62 %
EPS in Rs Rs. -0.48 Rs. 0.83 Rs. -1.23 -248.19 % -156.25 %


In reviewing Kanishk Steel Industries Ltd’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -8.12 % year-on-year, however, there was a minor increase of 5.03 % from the previous quarter. Expenses decreased by -8.09 % compared to the previous year, with a 13.28 % increase quarter-on-quarter. Operating Profit surged by 6.8 % annually, and saw a -168.25 % decrease from the last quarter.
Net Profit showed yearly decrease of -153.62 %, and experienced a -248.31 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -156.25 % annually, however dipped by -248.19 % compared to the last quarter. In essence, while Kanishk Steel 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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