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Highlights
- The presented financial data is Standalone to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company’s sales declined by -35.65 % over the year, decrease in net sales/revenue by -25.4 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -12.06 %, Marginal decrease of -17.38% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Keerthi Industries Ltd. Notable increase of 27.48 % in net profit Year to Year, Keerthi Industries Ltd’s profitability increased by 22.25 % in this quarter.
- EPS over the Year and quarter: EPS increased by 27.37 % Year to Year. EPS increased by 14.57 % in previous quarter. Positive impact on shareholders.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 58.229 Cr | Rs. 50.233 Cr | Rs. 37.473 Cr | -25.4 % | -35.65 % |
Expenses | Rs. 57.53 Cr | Rs. 55.32 Cr | Rs. 40.96 Cr | -25.96 % | -28.8 % |
Operating Profit | Rs. 0.7 Cr | Rs. -5.09 Cr | Rs. -3.49 Cr | + 31.43 % | -598.57 % |
OPM % | 1.2 % | -10.13 % | -9.31 % | + 0.82 % | -10.51 % |
Other Income | Rs. 0.373 Cr | Rs. 0.397 Cr | Rs. 0.328 Cr | -17.38 % | -12.06 % |
Interest | Rs. 1.41 Cr | Rs. 1.55 Cr | Rs. 1.53 Cr | -1.29 % | + 8.51 % |
Depreciation | Rs. 2.94 Cr | Rs. 3.02 Cr | Rs. 3 Cr | -0.66 % | + 2.04 % |
Profit before tax | Rs. -3.28 Cr | Rs. -9.26 Cr | Rs. -7.69 Cr | + 16.95 % | -134.45 % |
Tax % | -31.56 % | -51.55 % | -28.62 % | + 22.93 % | + 2.94 % |
Net Profit | Rs. -4.3 Cr | Rs. -4.49 Cr | Rs. -5.48 Cr | -22.05 % | -27.44 % |
EPS in Rs | Rs. -5.37 | Rs. -5.97 | Rs. -6.84 | -14.57 % | -27.37 % |
Today, we’re looking at Keerthi Industries Ltd’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -35.65 %. However, it did see a marginal slip of -25.4 % from the previous quarter. Expenses decreased slightly by -25.96 % quarter-on-quarter, aligning with the annual decline of -28.8 %. Operating profit, while down -598.57 % compared to last year, faced a quarter-on-quarter increase of 31.43 %, 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 -10.51 %, but an expansion of 0.82 % sequentially. Other income fell by -17.38 % compared to the last quarter, despite an annual decline of -12.06 %. Interest expenses dropped significantly by -1.29 % from the previous quarter, yet the year-over-year increase remains at a moderate 8.51 %. Depreciation costs fell by -0.66 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 2.04 %. Profit before tax declined annually by -134.45 % but saw an increase from the preceding quarter by 16.95 %.
Tax expenses as a percentage of profits increased slightly by 2.94 % compared to last year, with a more notable quarter-on-quarter increase of 22.93 %. Net profit fell by -27.44 % year-on-year but witnessed a -22.05 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -27.37 % but a quarterly fall of -14.57 %. In summary, Keerthi 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. 58.229 Cr | Rs. 50.233 Cr | Rs. 37.473 Cr | -25.4 % | -35.65 % |
Expenses | Rs. 57.53 Cr | Rs. 55.32 Cr | Rs. 40.96 Cr | -25.96 % | -28.8 % |
Operating Profit | Rs. 0.7 Cr | Rs. -5.09 Cr | Rs. -3.49 Cr | + 31.43 % | -598.57 % |
Net Profit | Rs. -4.3 Cr | Rs. -4.49 Cr | Rs. -5.48 Cr | -22.05 % | -27.44 % |
EPS in Rs | Rs. -5.37 | Rs. -5.97 | Rs. -6.84 | -14.57 % | -27.37 % |
In reviewing Keerthi Industries Ltd’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -35.65 % year-on-year, although there was a slight dip of -25.4 % from the previous quarter. Expenses decreased by -28.8 % compared to the previous year, with a decrease of -25.96 % quarter-on-quarter. Operating Profit dropped by -598.57 % annually, and saw a 31.43 % increase from the last quarter.
Net Profit showed yearly decrease of -27.44 %, and experienced a -22.05 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -27.37 % annually, however dipped by -14.57 % compared to the last quarter. In essence, while Keerthi Industries 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.
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