Share the post "Kinetic Engineering ‘s Q1 Financial results: Revenue Grows by 23.86% YoY"
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 23.86 % in the past year, decrease in net sales/revenue by -2.8 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -78.33 %, Marginal decrease of -17.72% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Kinetic Engineering Ltd.,. Profit dropped by -59.7 % Year to Year, Kinetic Engineering Ltd.,’s profitability dropped by -48.08 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -66.18 % Year to Year. EPS decreased by -41.03 % 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. 31.94 Cr | Rs. 40.7 Cr | Rs. 39.56 Cr | -2.8 % | + 23.86 % |
| Expenses | Rs. 30.58 Cr | Rs. 37.8 Cr | Rs. 37.05 Cr | -1.98 % | + 21.16 % |
| Operating Profit | Rs. 1.36 Cr | Rs. 2.9 Cr | Rs. 2.51 Cr | -13.45 % | + 84.56 % |
| OPM % | 4.26 % | 7.13 % | 6.34 % | -0.79 % | + 2.08 % |
| Other Income | Rs. 3 Cr | Rs. 0.79 Cr | Rs. 0.65 Cr | -17.72 % | -78.33 % |
| Interest | Rs. 1.44 Cr | Rs. 0.97 Cr | Rs. 1.01 Cr | + 4.12 % | -29.86 % |
| Depreciation | Rs. 1.58 Cr | Rs. 1.68 Cr | Rs. 1.61 Cr | -4.17 % | + 1.9 % |
| Profit before tax | Rs. 1.34 Cr | Rs. 1.04 Cr | Rs. 0.54 Cr | -48.08 % | -59.7 % |
| Tax % | 0 % | 0 % | 0 % | 0 % | 0 % |
| Net Profit | Rs. 1.34 Cr | Rs. 1.04 Cr | Rs. 0.54 Cr | -48.08 % | -59.7 % |
| EPS in Rs | Rs. 0.68 | Rs. 0.39 | Rs. 0.23 | -41.03 % | -66.18 % |
Today, we’re looking at Kinetic Engineering 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 23.86 %. However, it did see a marginal slip of -2.8 % from the previous quarter. Expenses decreased slightly by -1.98 % quarter-on-quarter, aligning with the annual rise of 21.16 %. Operating profit, while up 84.56 % compared to last year, faced a quarter-on-quarter dip of -13.45 %, 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 2.08 %, but a shrinkage of -0.79 % sequentially. Other income fell by -17.72 % compared to the last quarter, despite an annual decline of -78.33 %. Interest expenses surged remarkably by 4.12 % from the previous quarter, yet the year-over-year decrease remains at a moderate -29.86 %. Depreciation costs fell by -4.17 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 1.9 %. Profit before tax declined annually by -59.7 % but saw a reduction from the preceding quarter by -48.08 %.
Net profit fell by -59.7 % year-on-year but witnessed a -48.08 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -66.18 % but a quarterly fall of -41.03 %. In summary, Kinetic Engineering 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. 31.94 Cr | Rs. 40.7 Cr | Rs. 39.56 Cr | -2.8 % | + 23.86 % |
| Expenses | Rs. 30.58 Cr | Rs. 37.8 Cr | Rs. 37.05 Cr | -1.98 % | + 21.16 % |
| Operating Profit | Rs. 1.36 Cr | Rs. 2.9 Cr | Rs. 2.51 Cr | -13.45 % | + 84.56 % |
| Net Profit | Rs. 1.34 Cr | Rs. 1.04 Cr | Rs. 0.54 Cr | -48.08 % | -59.7 % |
| EPS in Rs | Rs. 0.68 | Rs. 0.39 | Rs. 0.23 | -41.03 % | -66.18 % |
In reviewing Kinetic Engineering Ltd.,’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 23.86 % year-on-year growth, although there was a slight dip of -2.8 % from the previous quarter. Expenses rose by 21.16 % compared to the previous year, with a decrease of -1.98 % quarter-on-quarter. Operating Profit surged by 84.56 % annually, and saw a -13.45 % decrease from the last quarter.
Net Profit showed yearly decrease of -59.7 %, and experienced a -48.08 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -66.18 % annually, however dipped by -41.03 % compared to the last quarter. In essence, while Kinetic Engineering 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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