Share the post "Kewal Kiran Clothing : Q4 2024 Financial Quarterly Report : YoY Sales Up 10 %, QoQ Up 9.6 %"
Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 10 % in the past year, substantial increase in net sales/revenue by 9.6 %.
- 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 8.86 %. Marginal decrease of -11.12% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Kewal Kiran Clothing Ltd.. Notable increase of 18.99 % in net profit Year to Year, Kewal Kiran Clothing Ltd.’s profitability increased by 12.88 % in this quarter.
- EPS over the Year and quarter: EPS increased by 19.14 % Year to Year. EPS increased by 12.96 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 199.48 Cr | Rs. 200.2 Cr | Rs. 219.42 Cr | + 9.6 % | + 10 % |
| Expenses | Rs. 160.45 Cr | Rs. 161.34 Cr | Rs. 176.99 Cr | + 9.7 % | + 10.31 % |
| Operating Profit | Rs. 39.03 Cr | Rs. 38.86 Cr | Rs. 42.43 Cr | + 9.19 % | + 8.71 % |
| OPM % | 19.57 % | 19.41 % | 19.34 % | -0.07 % | -0.23 % |
| Other Income | Rs. 7.56 Cr | Rs. 9.26 Cr | Rs. 8.23 Cr | -11.12 % | + 8.86 % |
| Interest | Rs. 1.81 Cr | Rs. 1.15 Cr | Rs. 0.56 Cr | -51.3 % | -69.06 % |
| Depreciation | Rs. 2.36 Cr | Rs. 2.57 Cr | Rs. 2.51 Cr | -2.33 % | + 6.36 % |
| Profit before tax | Rs. 42.42 Cr | Rs. 44.4 Cr | Rs. 47.59 Cr | + 7.18 % | + 12.19 % |
| Tax % | 25.53 % | 25 % | 21.01 % | -3.99 % | -4.52 % |
| Net Profit | Rs. 31.59 Cr | Rs. 33.3 Cr | Rs. 37.59 Cr | + 12.88 % | + 18.99 % |
| EPS in Rs | Rs. 5.12 | Rs. 5.4 | Rs. 6.1 | + 12.96 % | + 19.14 % |
Today, we’re looking at Kewal Kiran Clothing Ltd.’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 10 %. However, it did see a marginal increase of 9.6 % from the previous quarter. Expenses ticked up slightly by 9.7 % quarter-on-quarter, aligning with the annual rise of 10.31 %. Operating profit, while up 8.71 % compared to last year, faced a quarter-on-quarter increase of 9.19 %, 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 -0.23 %, but a shrinkage of -0.07 % sequentially. Other income fell by -11.12 % compared to the last quarter, despite an annual growth of 8.86 %. Interest expenses dropped significantly by -51.3 % from the previous quarter, yet the year-over-year decrease remains at a moderate -69.06 %. Depreciation costs fell by -2.33 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 6.36 %. Profit before tax grew annually by 12.19 % but saw an increase from the preceding quarter by 7.18 %.
Tax expenses as a percentage of profits decreased slightly by -4.52 % compared to last year, with a more notable quarter-on-quarter decrease of -3.99 %. Net profit rose by 18.99 % year-on-year but experienced a 12.88 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 19.14 % but a quarterly rise of 12.96 %. In summary, Kewal Kiran Clothing 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. 199.48 Cr | Rs. 200.2 Cr | Rs. 219.42 Cr | + 9.6 % | + 10 % |
| Expenses | Rs. 160.45 Cr | Rs. 161.34 Cr | Rs. 176.99 Cr | + 9.7 % | + 10.31 % |
| Operating Profit | Rs. 39.03 Cr | Rs. 38.86 Cr | Rs. 42.43 Cr | + 9.19 % | + 8.71 % |
| Net Profit | Rs. 31.59 Cr | Rs. 33.3 Cr | Rs. 37.59 Cr | + 12.88 % | + 18.99 % |
| EPS in Rs | Rs. 5.12 | Rs. 5.4 | Rs. 6.1 | + 12.96 % | + 19.14 % |
In reviewing Kewal Kiran Clothing Ltd.’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 10 % year-on-year growth, however, there was a minor increase of 9.6 % from the previous quarter. Expenses rose by 10.31 % compared to the previous year, with a 9.7 % increase quarter-on-quarter. Operating Profit surged by 8.71 % annually, and saw a 9.19 % increase from the last quarter.
Net Profit showed yearly increase of 18.99 %, and experienced a 12.88 % increase from the previous quarter. Earnings Per Share (EPS) rose by 19.14 % annually, however rose by 12.96 % compared to the last quarter. In essence, while Kewal Kiran Clothing Ltd. exhibits strong annual growth 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.
