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Highlights
- Sales over the Year and quarter: The company’s sales declined by -1.89 % over the year, decrease in net sales/revenue by -0.79 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -85.34 %, Marginal decrease of -80.88% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Kirloskar Ferrous Industries Ltd.. Profit dropped by -81.25 % Year to Year, Kirloskar Ferrous Industries Ltd.’s profitability dropped by -83.17 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -77.95 % Year to Year. EPS decreased by -74.45 % 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. 1565.56 Cr | Rs. 1548.21 Cr | Rs. 1535.92 Cr | -0.79 % | -1.89 % |
| Expenses | Rs. 1344.53 Cr | Rs. 1316.19 Cr | Rs. 1370.87 Cr | + 4.15 % | + 1.96 % |
| Operating Profit | Rs. 221.03 Cr | Rs. 232.02 Cr | Rs. 165.05 Cr | -28.86 % | -25.33 % |
| OPM % | 14.12 % | 14.99 % | 10.75 % | -4.24 % | -3.37 % |
| Other Income | Rs. 11.6 Cr | Rs. 8.89 Cr | Rs. 1.7 Cr | -80.88 % | -85.34 % |
| Interest | Rs. 25.7 Cr | Rs. 29.57 Cr | Rs. 31.96 Cr | + 8.08 % | + 24.36 % |
| Depreciation | Rs. 47.92 Cr | Rs. 63.46 Cr | Rs. 72.2 Cr | + 13.77 % | + 50.67 % |
| Profit before tax | Rs. 159.01 Cr | Rs. 147.88 Cr | Rs. 62.59 Cr | -57.68 % | -60.64 % |
| Tax % | 40.53 % | 28.77 % | 50.75 % | + 21.98 % | + 10.22 % |
| Net Profit | Rs. 94.56 Cr | Rs. 105.33 Cr | Rs. 17.73 Cr | -83.17 % | -81.25 % |
| EPS in Rs | Rs. 6.35 | Rs. 5.48 | Rs. 1.4 | -74.45 % | -77.95 % |
Today, we’re looking at Kirloskar Ferrous Industries Ltd.’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -1.89 %. However, it did see a marginal slip of -0.79 % from the previous quarter. Expenses ticked up slightly by 4.15 % quarter-on-quarter, aligning with the annual rise of 1.96 %. Operating profit, while down -25.33 % compared to last year, faced a quarter-on-quarter dip of -28.86 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -3.37 %, but a shrinkage of -4.24 % sequentially. Other income fell by -80.88 % compared to the last quarter, despite an annual decline of -85.34 %. Interest expenses surged remarkably by 8.08 % from the previous quarter, yet the year-over-year increase remains at a moderate 24.36 %. Depreciation costs climbed by 13.77 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 50.67 %. Profit before tax declined annually by -60.64 % but saw a reduction from the preceding quarter by -57.68 %.
Tax expenses as a percentage of profits increased slightly by 10.22 % compared to last year, with a more notable quarter-on-quarter increase of 21.98 %. Net profit fell by -81.25 % year-on-year but witnessed a -83.17 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -77.95 % but a quarterly fall of -74.45 %. 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. 1565.56 Cr | Rs. 1548.21 Cr | Rs. 1535.92 Cr | -0.79 % | -1.89 % |
| Expenses | Rs. 1344.53 Cr | Rs. 1316.19 Cr | Rs. 1370.87 Cr | + 4.15 % | + 1.96 % |
| Operating Profit | Rs. 221.03 Cr | Rs. 232.02 Cr | Rs. 165.05 Cr | -28.86 % | -25.33 % |
| Net Profit | Rs. 94.56 Cr | Rs. 105.33 Cr | Rs. 17.73 Cr | -83.17 % | -81.25 % |
| EPS in Rs | Rs. 6.35 | Rs. 5.48 | Rs. 1.4 | -74.45 % | -77.95 % |
In reviewing Kirloskar Ferrous Industries Ltd.’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -1.89 % year-on-year, although there was a slight dip of -0.79 % from the previous quarter. Expenses rose by 1.96 % compared to the previous year, with a 4.15 % increase quarter-on-quarter. Operating Profit dropped by -25.33 % annually, and saw a -28.86 % decrease from the last quarter.
Net Profit showed yearly decrease of -81.25 %, and experienced a -83.17 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -77.95 % annually, however dipped by -74.45 % compared to the last quarter. In essence, while Kirloskar Ferrous Industries 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.
