Kachchh Minerals Q1 Results Total Revenue ₹0.29 Crores & Operating Income ₹0.06 Crores

Kachchh Minerals Q1 Results: The Kachchh Minerals Q1 results show some notable changes compared to previous periods. For the quarter ending in June 2024, the company earned ₹0.29 crores in total revenue. This is an improvement from the previous quarter (QoQ), where the revenue was ₹0.00 crores. However, when comparing year-over-year (YoY) to June 2023, the revenue has dropped significantly by 54.90%.

Kachchh Minerals’ operating expenses also changed. Selling, General, and Administrative expenses were ₹0.02 crores in June 2024, which is lower than ₹0.06 crores in March 2023, showing a decrease of 27.80% QoQ. Yet, YoY, these expenses increased by 27.21% from the same period last year. Other operating expenses were ₹0.15 crores in the current quarter, up 236.62% QoQ from ₹0.23 crores in the previous quarter, and a 92.12% YoY increase compared to June 2023.

Kachchh Minerals’ operating income for June 2024 was ₹0.06 crores, improving from a loss of ₹0.06 crores in March 2023 but decreasing by 70.70% YoY. Net income followed a similar pattern, showing a loss in March 2023 but a decrease of 71.51% YoY from the previous year. The diluted normalized EPS also dropped by 71.02% YoY, despite an improvement from a loss in the previous quarter.

Here's the quarterly financial summary for Kachchh Minerals for Q1:

(All figures in crores except per share values)

Source: Here 

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Kachchh Minerals Q1 Results

Kachchh Minerals has shared its financial performance for the quarter and year ending June 30, 2024. For the quarter ending June 30, 2024, the company earned ₹29.44 lakhs from its main business operations. This is lower compared to the previous quarter, where it earned ₹65.26 lakhs. The company made an additional ₹0.52 lakhs from other sources of income, bringing its total income for the quarter to ₹29.96 lakhs. In the previous quarter, total income was ₹66.26 lakhs.

Kachchh Minerals’ expenses for the quarter include costs like raw materials, which were ₹25.53 lakhs. This is an increase from ₹18.71 lakhs in the previous quarter. Other significant expenses include purchasing stock, changes in inventory, employee salaries, and finance costs. Total expenses for the quarter were ₹23.69 lakhs, which is higher compared to ₹11.92 lakhs in the previous quarter.

Kachchh Minerals’ made a profit of ₹5.75 lakhs for the quarter, which is an improvement from a loss of ₹11.40 lakhs in the previous quarter. The profit for the year was ₹61.72 lakhs, showing a strong annual performance compared to a loss of ₹9.47 lakhs in the previous year. The company’s earnings per share for this quarter were ₹0.11, indicating a positive return for shareholders.

Here's a simplified summary of the unaudited financial results for the quarter and year ended June 30, 2024:

(₹ In Lakhs)

Kachchh Minerals Stock Performance

The table provides financial details about Kachchh Minerals. The market capitalization is ₹16.2 crore, meaning this is the total value of all its shares combined. The current stock price is ₹30.5. The highest price in the last year was ₹44.6, and the lowest was ₹18.9. The stock's price-to-earnings (P/E) ratio is 33.7, showing how much investors are willing to pay for each unit of earnings. The book value, or the value of the company's assets per share, is ₹3.62. 

Here's the information you provided in a simplified table format:

Quarterly Results 

In the Kachchh Minerals table for December 2023, March 2024, and June 2024, the company shows a varied financial performance. In December 2023, sales were high at Rs. 1.08 crore, with expenses of Rs. 0.75 crore, resulting in an operating profit of Rs. 0.33 crore and an operating profit margin (OPM) of 30.56%. By March 2024, sales dropped to Rs. 0.00 crore, expenses decreased to Rs. 0.10 crore, and the company had an operating loss of Rs. 0.10 crore. 

Here's the table for Kachchh Minerals, focusing on Dec 2023, Mar 2024, and Jun 2024:

(Figures in Rs. Crores)

About Kachchh Minerals

Kachchh Minerals is a company based in India that works in the minerals industry. They focus on extracting and processing minerals such as silica sand and China clay. These minerals are either sold as they are or after they have been processed, depending on what customers need.

Kachchh Minerals specializes in mining activities and operates in this single area. Their goal is to provide high-quality mineral products to meet various customer requirements. By working with these minerals, Kachchh Minerals helps support different industries that use these raw materials in their production processes.