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Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 23.83 % in the past year, substantial increase in net sales/revenue by 1.27 %.
- 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 10.34 %. Marginal increase in other income during this quarter, up by 190.91%.
- Profit over the Year and quarter: Challenges in sustaining profitability for KRISHANVEER FORGE LIMITED. Profit dropped by -35.05 % Year to Year, KRISHANVEER FORGE LIMITED’s profitability dropped by -28.96 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -34.69 % Year to Year. EPS decreased by -28.89 % 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. 18.728 Cr | Rs. 22.899 Cr | Rs. 23.19 Cr | + 1.27 % | + 23.83 % |
| Expenses | Rs. 16.45 Cr | Rs. 20.85 Cr | Rs. 20.99 Cr | + 0.67 % | + 27.6 % |
| Operating Profit | Rs. 2.28 Cr | Rs. 2.05 Cr | Rs. 2.2 Cr | + 7.32 % | -3.51 % |
| OPM % | 12.17 % | 8.95 % | 9.49 % | + 0.54 % | -2.68 % |
| Other Income | Rs. 0.29 Cr | Rs. 0.11 Cr | Rs. 0.32 Cr | + 190.91 % | + 10.34 % |
| Interest | Rs. 0.2 Cr | Rs. 0.07 Cr | Rs. 0.27 Cr | + 285.71 % | + 35 % |
| Depreciation | Rs. 0.39 Cr | Rs. 0.39 Cr | Rs. 0.39 Cr | + 0 % | + 0 % |
| Profit before tax | Rs. 1.98 Cr | Rs. 1.7 Cr | Rs. 1.86 Cr | + 9.41 % | -6.06 % |
| Tax % | 18.75 % | 13.67 % | 43.67 % | + 30 % | + 24.92 % |
| Net Profit | Rs. 1.61 Cr | Rs. 1.47 Cr | Rs. 1.05 Cr | -28.57 % | -34.78 % |
| EPS in Rs | Rs. 1.47 | Rs. 1.35 | Rs. 0.96 | -28.89 % | -34.69 % |
Today, we’re looking at KRISHANVEER FORGE 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 23.83 %. However, it did see a marginal increase of 1.27 % from the previous quarter. Expenses ticked up slightly by 0.67 % quarter-on-quarter, aligning with the annual rise of 27.6 %. Operating profit, while down -3.51 % compared to last year, faced a quarter-on-quarter increase of 7.32 %, 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 -2.68 %, but an expansion of 0.54 % sequentially. Other income rose by 190.91 % compared to the last quarter, despite an annual growth of 10.34 %. Interest expenses surged remarkably by 285.71 % from the previous quarter, yet the year-over-year increase remains at a moderate 35 %. Depreciation costs climbed by 0 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 0 %. Profit before tax declined annually by -6.06 % but saw an increase from the preceding quarter by 9.41 %.
Tax expenses as a percentage of profits increased slightly by 24.92 % compared to last year, with a more notable quarter-on-quarter increase of 30 %. Net profit fell by -34.78 % year-on-year but witnessed a -28.57 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -34.69 % but a quarterly fall of -28.89 %. In summary, KRISHANVEER FORGE 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. 18.728 Cr | Rs. 22.899 Cr | Rs. 23.19 Cr | + 1.27 % | + 23.83 % |
| Expenses | Rs. 16.45 Cr | Rs. 20.85 Cr | Rs. 20.99 Cr | + 0.67 % | + 27.6 % |
| Operating Profit | Rs. 2.28 Cr | Rs. 2.05 Cr | Rs. 2.2 Cr | + 7.32 % | -3.51 % |
| Net Profit | Rs. 1.61 Cr | Rs. 1.47 Cr | Rs. 1.05 Cr | -28.57 % | -34.78 % |
| EPS in Rs | Rs. 1.47 | Rs. 1.35 | Rs. 0.96 | -28.89 % | -34.69 % |
In reviewing KRISHANVEER FORGE LIMITED’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 23.83 % year-on-year growth, however, there was a minor increase of 1.27 % from the previous quarter. Expenses rose by 27.6 % compared to the previous year, with a 0.67 % increase quarter-on-quarter. Operating Profit dropped by -3.51 % annually, and saw a 7.32 % increase from the last quarter.
Net Profit showed yearly decrease of -34.78 %, and experienced a -28.57 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -34.69 % annually, however dipped by -28.89 % compared to the last quarter. In essence, while KRISHANVEER FORGE LIMITED 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.
