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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’s sales declined by -22.05 % over the year, decrease in net sales/revenue by -6.03 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -22.54 %, Marginal increase in other income during this quarter, up by 2.33%.
- Profit over the Year and quarter: Challenges in sustaining profitability for Kranti Industries Limited. Profit dropped by -791.49 % Year to Year, Kranti Industries Limited’s profitability dropped by -240.9 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -761.54 % Year to Year. EPS decreased by -238.71 % 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. 25.874 Cr | Rs. 21.462 Cr | Rs. 20.168 Cr | -6.03 % | -22.05 % |
Expenses | Rs. 23.47 Cr | Rs. 19.34 Cr | Rs. 19.08 Cr | -1.34 % | -18.7 % |
Operating Profit | Rs. 2.4 Cr | Rs. 2.12 Cr | Rs. 1.09 Cr | -48.58 % | -54.58 % |
OPM % | 9.28 % | 9.88 % | 5.4 % | -4.48 % | -3.88 % |
Other Income | Rs. 0.284 Cr | Rs. 0.215 Cr | Rs. 0.22 Cr | + 2.33 % | -22.54 % |
Interest | Rs. 0.96 Cr | Rs. 1.04 Cr | Rs. 1.07 Cr | + 2.88 % | + 11.46 % |
Depreciation | Rs. 1.43 Cr | Rs. 1.89 Cr | Rs. 1.57 Cr | -16.93 % | + 9.79 % |
Profit before tax | Rs. 0.29 Cr | Rs. -0.6 Cr | Rs. -1.33 Cr | -121.67 % | -558.62 % |
Tax % | 53.77 % | -215.33 % | -26.73 % | + 188.6 % | -80.5 % |
Net Profit | Rs. 0.14 Cr | Rs. 0.69 Cr | Rs. -0.98 Cr | -242.03 % | -800 % |
EPS in Rs | Rs. 0.13 | Rs. 0.62 | Rs. -0.86 | -238.71 % | -761.54 % |
Today, we’re looking at Kranti Industries Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -22.05 %. However, it did see a marginal slip of -6.03 % from the previous quarter. Expenses decreased slightly by -1.34 % quarter-on-quarter, aligning with the annual decline of -18.7 %. Operating profit, while down -54.58 % compared to last year, faced a quarter-on-quarter dip of -48.58 %, 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 -3.88 %, but a shrinkage of -4.48 % sequentially. Other income rose by 2.33 % compared to the last quarter, despite an annual decline of -22.54 %. Interest expenses surged remarkably by 2.88 % from the previous quarter, yet the year-over-year increase remains at a moderate 11.46 %. Depreciation costs fell by -16.93 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 9.79 %. Profit before tax declined annually by -558.62 % but saw a reduction from the preceding quarter by -121.67 %.
Tax expenses as a percentage of profits decreased slightly by -80.5 % compared to last year, with a more notable quarter-on-quarter increase of 188.6 %. Net profit fell by -800 % year-on-year but witnessed a -242.03 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -761.54 % but a quarterly fall of -238.71 %. In summary, Kranti 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. 25.874 Cr | Rs. 21.462 Cr | Rs. 20.168 Cr | -6.03 % | -22.05 % |
Expenses | Rs. 23.47 Cr | Rs. 19.34 Cr | Rs. 19.08 Cr | -1.34 % | -18.7 % |
Operating Profit | Rs. 2.4 Cr | Rs. 2.12 Cr | Rs. 1.09 Cr | -48.58 % | -54.58 % |
Net Profit | Rs. 0.14 Cr | Rs. 0.69 Cr | Rs. -0.98 Cr | -242.03 % | -800 % |
EPS in Rs | Rs. 0.13 | Rs. 0.62 | Rs. -0.86 | -238.71 % | -761.54 % |
In reviewing Kranti Industries Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -22.05 % year-on-year, although there was a slight dip of -6.03 % from the previous quarter. Expenses decreased by -18.7 % compared to the previous year, with a decrease of -1.34 % quarter-on-quarter. Operating Profit dropped by -54.58 % annually, and saw a -48.58 % decrease from the last quarter.
Net Profit showed yearly decrease of -800 %, and experienced a -242.03 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -761.54 % annually, however dipped by -238.71 % compared to the last quarter. In essence, while Kranti Industries Limited 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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