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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 3.41 % in the past year, substantial increase in net sales/revenue by 1.16 %.
- 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 34.75 %. Marginal increase in other income during this quarter, up by 124.15%.
- Profit over the Year and quarter: Challenges in sustaining profitability for Kirloskar Ferrous Industries Ltd.. Profit dropped by -24.94 % Year to Year, Kirloskar Ferrous Industries Ltd.’s profitability increased by 293.4 % in this quarter.
- EPS over the Year and quarter: EPS declined by -20.30 % Year to Year. EPS increased by 202.86 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 1502.47 Cr | Rs. 1535.92 Cr | Rs. 1553.66 Cr | + 1.16 % | + 3.41 % |
| Expenses | Rs. 1295.08 Cr | Rs. 1370.87 Cr | Rs. 1367.09 Cr | -0.28 % | + 5.56 % |
| Operating Profit | Rs. 207.39 Cr | Rs. 165.05 Cr | Rs. 186.57 Cr | + 13.04 % | -10.04 % |
| OPM % | 13.8 % | 10.75 % | 12.01 % | + 1.26 % | -1.79 % |
| Other Income | Rs. 4.46 Cr | Rs. -24.89 Cr | Rs. 6.01 Cr | + 124.15 % | + 34.75 % |
| Interest | Rs. 29.23 Cr | Rs. 31.96 Cr | Rs. 33.3 Cr | + 4.19 % | + 13.92 % |
| Depreciation | Rs. 46.68 Cr | Rs. 72.2 Cr | Rs. 60.77 Cr | -15.83 % | + 30.18 % |
| Profit before tax | Rs. 135.94 Cr | Rs. 36 Cr | Rs. 98.51 Cr | + 173.64 % | -27.53 % |
| Tax % | 31.64 % | 50.75 % | 29.2 % | -21.55 % | -2.44 % |
| Net Profit | Rs. 92.93 Cr | Rs. 17.73 Cr | Rs. 69.75 Cr | + 293.4 % | -24.94 % |
| EPS in Rs | Rs. 5.28 | Rs. 1.39 | Rs. 4.21 | + 202.88 % | -20.27 % |
Today, we’re looking at Kirloskar Ferrous Industries 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 3.41 %. However, it did see a marginal increase of 1.16 % from the previous quarter. Expenses decreased slightly by -0.28 % quarter-on-quarter, aligning with the annual rise of 5.56 %. Operating profit, while down -10.04 % compared to last year, faced a quarter-on-quarter increase of 13.04 %, 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 -1.79 %, but an expansion of 1.26 % sequentially. Other income rose by 124.15 % compared to the last quarter, despite an annual growth of 34.75 %. Interest expenses surged remarkably by 4.19 % from the previous quarter, yet the year-over-year increase remains at a moderate 13.92 %. Depreciation costs fell by -15.83 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 30.18 %. Profit before tax declined annually by -27.53 % but saw an increase from the preceding quarter by 173.64 %.
Tax expenses as a percentage of profits decreased slightly by -2.44 % compared to last year, with a more notable quarter-on-quarter decrease of -21.55 %. Net profit fell by -24.94 % year-on-year but experienced a 293.4 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -20.27 % but a quarterly rise of 202.88 %. In summary, Kirloskar Ferrous 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. 1502.47 Cr | Rs. 1535.92 Cr | Rs. 1553.66 Cr | + 1.16 % | + 3.41 % |
| Expenses | Rs. 1295.08 Cr | Rs. 1370.87 Cr | Rs. 1367.09 Cr | -0.28 % | + 5.56 % |
| Operating Profit | Rs. 207.39 Cr | Rs. 165.05 Cr | Rs. 186.57 Cr | + 13.04 % | -10.04 % |
| Net Profit | Rs. 92.93 Cr | Rs. 17.73 Cr | Rs. 69.75 Cr | + 293.4 % | -24.94 % |
| EPS in Rs | Rs. 5.28 | Rs. 1.39 | Rs. 4.21 | + 202.88 % | -20.27 % |
In reviewing Kirloskar Ferrous Industries Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 3.41 % year-on-year growth, however, there was a minor increase of 1.16 % from the previous quarter. Expenses rose by 5.56 % compared to the previous year, with a decrease of -0.28 % quarter-on-quarter. Operating Profit dropped by -10.04 % annually, and saw a 13.04 % increase from the last quarter.
Net Profit showed yearly decrease of -24.94 %, and experienced a 293.4 % increase from the previous quarter. Earnings Per Share (EPS) fell by -20.27 % annually, however rose by 202.88 % compared to the last quarter. In essence, while Kirloskar Ferrous 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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