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KEC International : Q1 2024 Financial Quarterly Report : YoY Sales Up 6.32 %, QoQ Down 26.81 %

July 30, 2024July 30, 2024| adminadmin| 0 Comments| 12:50 pm
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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 experienced a substantial growth of 6.32 % in the past year, decrease in net sales/revenue by -26.81 %.
  • 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 1426.73 %. Marginal increase in other income during this quarter, up by 454.01%.
  • Profit over the Year and quarter: Significant improvement in profitability for KEC International Ltd.. Notable increase of 106.92 % in net profit Year to Year, KEC International Ltd.’s profitability dropped by -42.28 % Quarter to Quarter.
  • EPS over the Year and quarter: EPS increased by 106.67 % Year to Year. EPS decreased by -42.2 % in previous quarter. Analysis needed for shareholder value.

The comprehensive analytics outlining the performance and outlook of KEC International 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. 4243.59 Cr Rs. 6164.831 Cr Rs. 4511.89 Cr -26.81 % + 6.32 %
Expenses Rs. 3999.23 Cr Rs. 5776.83 Cr Rs. 4241.52 Cr -26.58 % + 6.06 %
Operating Profit Rs. 244.36 Cr Rs. 388 Cr Rs. 270.37 Cr -30.32 % + 10.64 %
OPM % 5.76 % 6.29 % 5.99 % -0.3 % + 0.23 %
Other Income Rs. 2.825 Cr Rs. 7.785 Cr Rs. 43.13 Cr + 454.01 % + 1426.73 %
Interest Rs. 158.7 Cr Rs. 154.25 Cr Rs. 154.95 Cr + 0.45 % -2.36 %
Depreciation Rs. 41.79 Cr Rs. 48.25 Cr Rs. 46.51 Cr -3.61 % + 11.29 %
Profit before tax Rs. 46.7 Cr Rs. 193.29 Cr Rs. 112.04 Cr -42.04 % + 139.91 %
Tax % 9.36 % 21.49 % 21.83 % + 0.34 % + 12.47 %
Net Profit Rs. 42.33 Cr Rs. 151.74 Cr Rs. 87.58 Cr -42.28 % + 106.9 %
EPS in Rs Rs. 1.65 Rs. 5.9 Rs. 3.41 -42.2 % + 106.67 %


Today, we’re looking at KEC International Ltd.’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 6.32 %. However, it did see a marginal slip of -26.81 % from the previous quarter. Expenses decreased slightly by -26.58 % quarter-on-quarter, aligning with the annual rise of 6.06 %. Operating profit, while up 10.64 % compared to last year, faced a quarter-on-quarter dip of -30.32 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 0.23 %, but a shrinkage of -0.3 % sequentially. Other income rose by 454.01 % compared to the last quarter, despite an annual growth of 1426.73 %. Interest expenses surged remarkably by 0.45 % from the previous quarter, yet the year-over-year decrease remains at a moderate -2.36 %. Depreciation costs fell by -3.61 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 11.29 %. Profit before tax grew annually by 139.91 % but saw a reduction from the preceding quarter by -42.04 %.
Tax expenses as a percentage of profits increased slightly by 12.47 % compared to last year, with a more notable quarter-on-quarter increase of 0.34 %. Net profit rose by 106.9 % year-on-year but witnessed a -42.28 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 106.67 % but a quarterly fall of -42.2 %. In summary, KEC International 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. 4243.59 Cr Rs. 6164.831 Cr Rs. 4511.89 Cr -26.81 % + 6.32 %
Expenses Rs. 3999.23 Cr Rs. 5776.83 Cr Rs. 4241.52 Cr -26.58 % + 6.06 %
Operating Profit Rs. 244.36 Cr Rs. 388 Cr Rs. 270.37 Cr -30.32 % + 10.64 %
Net Profit Rs. 42.33 Cr Rs. 151.74 Cr Rs. 87.58 Cr -42.28 % + 106.9 %
EPS in Rs Rs. 1.65 Rs. 5.9 Rs. 3.41 -42.2 % + 106.67 %


In reviewing KEC International Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 6.32 % year-on-year growth, although there was a slight dip of -26.81 % from the previous quarter. Expenses rose by 6.06 % compared to the previous year, with a decrease of -26.58 % quarter-on-quarter. Operating Profit surged by 10.64 % annually, and saw a -30.32 % decrease from the last quarter.
Net Profit showed yearly increase of 106.9 %, and experienced a -42.28 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 106.67 % annually, however dipped by -42.2 % compared to the last quarter. In essence, while KEC International Ltd. exhibits strong annual growth 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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