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Highlights
- The presented financial data is Standalone to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company’s sales declined by -88.39 % over the year, decrease in net sales/revenue by -83.5 %.
- Income over the Year and quarter: Marginal decrease of -2.56% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Krishna Ventures Limited. Profit dropped by -447.22 % Year to Year, Krishna Ventures Limited’s profitability increased by 338.6 % in this quarter.
- EPS over the Year and quarter: EPS declined by -428.57 % Year to Year. EPS increased by 360 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 0.715 Cr | Rs. 0.503 Cr | Rs. 0.083 Cr | -83.5 % | -88.39 % |
| Expenses | Rs. 0.64 Cr | Rs. 0.56 Cr | Rs. 0.35 Cr | -37.5 % | -45.31 % |
| Operating Profit | Rs. 0.08 Cr | Rs. -0.06 Cr | Rs. -0.27 Cr | -350 % | -437.5 % |
| OPM % | 11.19 % | -11.93 % | -325.3 % | -313.37 % | -336.49 % |
| Other Income | Rs. 0 Cr | Rs. 0.039 Cr | Rs. 0.038 Cr | -2.56 % | 0 % |
| Interest | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Depreciation | Rs. 0.04 Cr | Rs. 0.04 Cr | Rs. 0.04 Cr | + 0 % | + 0 % |
| Profit before tax | Rs. 0.04 Cr | Rs. -0.06 Cr | Rs. -0.27 Cr | -350 % | -775 % |
| Tax % | 82.05 % | -0 % | -5.3 % | -5.3 % | -87.35 % |
| Net Profit | Rs. 0.07 Cr | Rs. -0.06 Cr | Rs. -0.25 Cr | -316.67 % | -457.14 % |
| EPS in Rs | Rs. 0.07 | Rs. -0.05 | Rs. -0.23 | -360 % | -428.57 % |
Today, we’re looking at Krishna Ventures 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 -88.39 %. However, it did see a marginal slip of -83.5 % from the previous quarter. Expenses decreased slightly by -37.5 % quarter-on-quarter, aligning with the annual decline of -45.31 %. Operating profit, while down -437.5 % compared to last year, faced a quarter-on-quarter dip of -350 %, 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 -336.49 %, but a shrinkage of -313.37 % sequentially. Other income fell by -2.56 % compared to the last quarter, 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 -775 % but saw a reduction from the preceding quarter by -350 %.
Tax expenses as a percentage of profits decreased slightly by -87.35 % compared to last year, with a more notable quarter-on-quarter decrease of -5.3 %. Net profit fell by -457.14 % year-on-year but witnessed a -316.67 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -428.57 % but a quarterly fall of -360 %. In summary, Krishna Ventures 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. 0.715 Cr | Rs. 0.503 Cr | Rs. 0.083 Cr | -83.5 % | -88.39 % |
| Expenses | Rs. 0.64 Cr | Rs. 0.56 Cr | Rs. 0.35 Cr | -37.5 % | -45.31 % |
| Operating Profit | Rs. 0.08 Cr | Rs. -0.06 Cr | Rs. -0.27 Cr | -350 % | -437.5 % |
| Net Profit | Rs. 0.07 Cr | Rs. -0.06 Cr | Rs. -0.25 Cr | -316.67 % | -457.14 % |
| EPS in Rs | Rs. 0.07 | Rs. -0.05 | Rs. -0.23 | -360 % | -428.57 % |
In reviewing Krishna Ventures Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -88.39 % year-on-year, although there was a slight dip of -83.5 % from the previous quarter. Expenses decreased by -45.31 % compared to the previous year, with a decrease of -37.5 % quarter-on-quarter. Operating Profit dropped by -437.5 % annually, and saw a -350 % decrease from the last quarter.
Net Profit showed yearly decrease of -457.14 %, and experienced a -316.67 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -428.57 % annually, however dipped by -360 % compared to the last quarter. In essence, while Krishna Ventures 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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