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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 -22.03 % over the year, decrease in net sales/revenue by -23.93 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -14.43 %, Marginal decrease of -91.52% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for KIC Metaliks Ltd.. Profit dropped by -47.75 % Year to Year, KIC Metaliks Ltd.’s profitability dropped by -163.93 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -47.83 % Year to Year. EPS decreased by -164.86 % in previous quarter. Analysis needed for shareholder value.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 229.526 Cr | Rs. 235.262 Cr | Rs. 178.966 Cr | -23.93 % | -22.03 % |
| Expenses | Rs. 221.26 Cr | Rs. 233.59 Cr | Rs. 171.79 Cr | -26.46 % | -22.36 % |
| Operating Profit | Rs. 8.27 Cr | Rs. 1.67 Cr | Rs. 7.18 Cr | + 329.94 % | -13.18 % |
| OPM % | 3.6 % | 0.71 % | 4.01 % | + 3.3 % | + 0.41 % |
| Other Income | Rs. 0.201 Cr | Rs. 2.029 Cr | Rs. 0.172 Cr | -91.52 % | -14.43 % |
| Interest | Rs. 2.86 Cr | Rs. 2.69 Cr | Rs. 2.83 Cr | + 5.2 % | -1.05 % |
| Depreciation | Rs. 3.68 Cr | Rs. 3.73 Cr | Rs. 3.72 Cr | -0.27 % | + 1.09 % |
| Profit before tax | Rs. 1.93 Cr | Rs. -2.72 Cr | Rs. 0.8 Cr | + 129.41 % | -58.55 % |
| Tax % | 15.63 % | -51.16 % | 5.73 % | + 56.89 % | -9.9 % |
| Net Profit | Rs. 1.63 Cr | Rs. -1.33 Cr | Rs. 0.85 Cr | + 163.91 % | -47.85 % |
| EPS in Rs | Rs. 0.46 | Rs. -0.37 | Rs. 0.24 | + 164.86 % | -47.83 % |
Today, we’re looking at KIC Metaliks 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 -22.03 %. However, it did see a marginal slip of -23.93 % from the previous quarter. Expenses decreased slightly by -26.46 % quarter-on-quarter, aligning with the annual decline of -22.36 %. Operating profit, while down -13.18 % compared to last year, faced a quarter-on-quarter increase of 329.94 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 0.41 %, but an expansion of 3.3 % sequentially. Other income fell by -91.52 % compared to the last quarter, despite an annual decline of -14.43 %. Interest expenses surged remarkably by 5.2 % from the previous quarter, yet the year-over-year decrease remains at a moderate -1.05 %. Depreciation costs fell by -0.27 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 1.09 %. Profit before tax declined annually by -58.55 % but saw an increase from the preceding quarter by 129.41 %.
Tax expenses as a percentage of profits decreased slightly by -9.9 % compared to last year, with a more notable quarter-on-quarter increase of 56.89 %. Net profit fell by -47.85 % year-on-year but experienced a 163.91 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -47.83 % but a quarterly rise of 164.86 %. In summary, KIC Metaliks 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. 229.526 Cr | Rs. 235.262 Cr | Rs. 178.966 Cr | -23.93 % | -22.03 % |
| Expenses | Rs. 221.26 Cr | Rs. 233.59 Cr | Rs. 171.79 Cr | -26.46 % | -22.36 % |
| Operating Profit | Rs. 8.27 Cr | Rs. 1.67 Cr | Rs. 7.18 Cr | + 329.94 % | -13.18 % |
| Net Profit | Rs. 1.63 Cr | Rs. -1.33 Cr | Rs. 0.85 Cr | + 163.91 % | -47.85 % |
| EPS in Rs | Rs. 0.46 | Rs. -0.37 | Rs. 0.24 | + 164.86 % | -47.83 % |
In reviewing KIC Metaliks Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -22.03 % year-on-year, although there was a slight dip of -23.93 % from the previous quarter. Expenses decreased by -22.36 % compared to the previous year, with a decrease of -26.46 % quarter-on-quarter. Operating Profit dropped by -13.18 % annually, and saw a 329.94 % increase from the last quarter.
Net Profit showed yearly decrease of -47.85 %, and experienced a 163.91 % increase from the previous quarter. Earnings Per Share (EPS) fell by -47.83 % annually, however rose by 164.86 % compared to the last quarter. In essence, while KIC Metaliks 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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