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KIRI INDUSTRIES : Q4 2024 Financial Quarterly Report : YoY Sales Up 20.95 %, QoQ Up 23.01 %

June 1, 2024June 1, 2024| adminadmin| 0 Comments| 12:05 pm
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Highlights

  • Sales over the Year and quarter: The company experienced a substantial growth of 20.95 % in the past year, substantial increase in net sales/revenue by 23.01 %.
  • 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 131.36 %. Marginal decrease of -92.03% in other income during this quarter.
  • Profit over the Year and quarter: Challenges in sustaining profitability for KIRI INDUSTRIES LIMITED. Profit dropped by -84.39 % Year to Year, KIRI INDUSTRIES LIMITED’s profitability dropped by -107.6 % Quarter to Quarter.
  • EPS over the Year and quarter: EPS declined by -83.26 % Year to Year. EPS decreased by -108.08 % in previous quarter. Analysis needed for shareholder value.

The comprehensive analytics outlining the performance and outlook of KIRI INDUSTRIES LIMITED”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. 222.447 Cr Rs. 218.728 Cr Rs. 269.059 Cr + 23.01 % + 20.95 %
Expenses Rs. 227.2 Cr Rs. 231.35 Cr Rs. 263.96 Cr + 14.1 % + 16.18 %
Operating Profit Rs. -4.75 Cr Rs. -12.62 Cr Rs. 5.1 Cr + 140.41 % + 207.37 %
OPM % -2.14 % -5.77 % 1.9 % + 7.67 % + 4.04 %
Other Income Rs. -40.37 Cr Rs. 158.79 Cr Rs. 12.66 Cr -92.03 % + 131.36 %
Interest Rs. 1.96 Cr Rs. 5.91 Cr Rs. 7.63 Cr + 29.1 % + 289.29 %
Depreciation Rs. 12.07 Cr Rs. 12.19 Cr Rs. 12.01 Cr -1.48 % -0.5 %
Profit before tax Rs. -59.15 Cr Rs. 128.07 Cr Rs. -1.88 Cr -101.47 % + 96.82 %
Tax % -14.57 % -6.11 % -88.62 % -82.51 % -74.05 %
Net Profit Rs. -61.49 Cr Rs. 126.37 Cr Rs. -9.6 Cr -107.6 % + 84.39 %
EPS in Rs Rs. -11.77 Rs. 24.38 Rs. -1.97 -108.08 % + 83.26 %


Today, we’re looking at KIRI INDUSTRIES LIMITED’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 20.95 %. However, it did see a marginal increase of 23.01 % from the previous quarter. Expenses ticked up slightly by 14.1 % quarter-on-quarter, aligning with the annual rise of 16.18 %. Operating profit, while up 207.37 % compared to last year, faced a quarter-on-quarter increase of 140.41 %, 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 4.04 %, but an expansion of 7.67 % sequentially. Other income fell by -92.03 % compared to the last quarter, despite an annual growth of 131.36 %. Interest expenses surged remarkably by 29.1 % from the previous quarter, yet the year-over-year increase remains at a moderate 289.29 %. Depreciation costs fell by -1.48 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -0.5 %. Profit before tax grew annually by 96.82 % but saw a reduction from the preceding quarter by -101.47 %.
Tax expenses as a percentage of profits decreased slightly by -74.05 % compared to last year, with a more notable quarter-on-quarter decrease of -82.51 %. Net profit rose by 84.39 % year-on-year but witnessed a -107.6 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 83.26 % but a quarterly fall of -108.08 %. In summary, KIRI INDUSTRIES LIMITED’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. 222.447 Cr Rs. 218.728 Cr Rs. 269.059 Cr + 23.01 % + 20.95 %
Expenses Rs. 227.2 Cr Rs. 231.35 Cr Rs. 263.96 Cr + 14.1 % + 16.18 %
Operating Profit Rs. -4.75 Cr Rs. -12.62 Cr Rs. 5.1 Cr + 140.41 % + 207.37 %
Net Profit Rs. -61.49 Cr Rs. 126.37 Cr Rs. -9.6 Cr -107.6 % + 84.39 %
EPS in Rs Rs. -11.77 Rs. 24.38 Rs. -1.97 -108.08 % + 83.26 %


In reviewing KIRI INDUSTRIES LIMITED’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 20.95 % year-on-year growth, however, there was a minor increase of 23.01 % from the previous quarter. Expenses rose by 16.18 % compared to the previous year, with a 14.1 % increase quarter-on-quarter. Operating Profit surged by 207.37 % annually, and saw a 140.41 % increase from the last quarter.
Net Profit showed yearly increase of 84.39 %, and experienced a -107.6 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 83.26 % annually, however dipped by -108.08 % compared to the last quarter. In essence, while KIRI INDUSTRIES LIMITED 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.

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