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Kernex Microsystems Board Approves FY24 Financial Results
Kernex Microsystems' Board of Directors approved FY24 financial results, including standalone and consolidated statements, and clarified the trading window closure until post the Q1 unaudited results announcement.
by Damodharan N
Updated Jul 16, 2024
Kernex Microsystems announced today that its Board of Directors, in a meeting held on July 13, 2024, approved the audited standalone and consolidated financial results for the fourth quarter and full financial year ending March 31, 2024.
They also endorsed the audited statements of assets and liabilities, including the cash flow statements for the same period. The board meeting clarified an earlier communication regarding the trading window, stating it remains closed until 48 hours after the declaration of unaudited financial results for the first quarter ending June 30, 2024.
The standalone audited financial results for Kernex Microsystems for the quarter and year ended March 31, 2024:
|
Particulars |
March 31, 2024 (Audited) |
December 31, 2023 (Unaudited) |
Year Ended March 31, 2024 (Audited) |
Year Ended March 31, 2023 (Audited) |
|
Revenue from operations (in Lakhs INR) |
894.01 |
857.14 |
1,929.83 |
200.36 |
|
Other Income (in Lakhs INR) |
130.62 |
28.13 |
67.63 |
201.66 |
|
Total Income (in Lakhs INR) |
922.13 |
924.76 |
2,131.49 |
330.99 |
|
Cost of materials consumed (in Lakhs INR) |
1,490.26 |
2,330.12 |
5,012.56 |
254.16 |
|
Project execution expenses (in Lakhs INR) |
175.85 |
271.74 |
591.80 |
350.49 |
|
Employee benefit expense (in Lakhs INR) |
351.42 |
363.49 |
1,205.13 |
749.72 |
|
Finance cost (in Lakhs INR) |
46.67 |
121.69 |
223.86 |
191.85 |
|
Depreciation and amortization expense (in Lakhs INR) |
238.62 |
53.39 |
135.61 |
234.04 |
|
Other expenses (in Lakhs INR) |
504.60 |
82.97 |
1,021.06 |
597.10 |
|
Profit/(loss) before tax (in Lakhs INR) |
-1,242.19 |
-345.05 |
-2,049.21 |
-1,938.07 |
|
Tax expense (in Lakhs INR) |
-64.73 |
5.44 |
-8.69 |
47.65 |
|
Profit/(loss) for the period/year (in Lakhs INR) |
-1,177.46 |
-350.49 |
-2,040.53 |
-1,985.72 |
|
Basic EPS (in INR) |
(7.03) |
(224) |
(4.91) |
(12.83) |
The consolidated audited financial results table for Kernex Microsystems for the quarter and year ended March 31, 2024:
|
Particulars |
March 31, 2024 (Audited) |
December 31, 2023 (Unaudited) |
March 31, 2023 (Audited) |
Year Ended March 31, 2024 (Audited) |
|
Revenue from operations (in Lakhs INR) |
891.26 |
831.44 |
1,959.80 |
403.96 |
|
Other Income (in Lakhs INR) |
8.24 |
49.76 |
150.86 |
130.63 |
|
Total Income (in Lakhs INR) |
899.50 |
881.19 |
2,110.66 |
534.59 |
|
Cost of materials consumed (in Lakhs INR) |
1,441.52 |
2,440.25 |
5,044.58 |
415.07 |
|
Project execution expenses (in Lakhs INR) |
4,351.77 |
287.46 |
662.02 |
454.22 |
|
Employee benefit expense (in Lakhs INR) |
363.35 |
372.84 |
1,253.29 |
797.72 |
|
Finance cost (in Lakhs INR) |
51.56 |
125.32 |
237.58 |
82.14 |
|
Depreciation and amortization expense (in Lakhs INR) |
53.20 |
325.77 |
497.00 |
238.71 |
|
Other expenses (in Lakhs INR) |
498.22 |
248.90 |
1,183.38 |
381.60 |
|
Profit/(loss) before tax (in Lakhs INR) |
-1,331.82 |
-851.01 |
-2,679.67 |
-1,954.39 |
|
Tax expense (in Lakhs INR) |
64.73 |
5.44 |
8.69 |
47.65 |
|
Profit/(loss) for the period/year (in Lakhs INR) |
-1,267.09 |
-856.45 |
-2,670.98 |
-2,002.03 |
|
Other comprehensive income/(loss) (in Lakhs INR) |
(1.14) |
97.31 |
(25.01) |
95.70 |
|
Total comprehensive loss for the period/year (in Lakhs INR) |
-1,268.24 |
-759.14 |
-2,696.99 |
-1,906.33 |
|
Earnings per equity share (Basic EPS in INR) |
(7.51) |
(7.53) |
(5.54) |
(16.61) |
Get the full Press Release Here
Kernex Microsystems
Kernex Microsystems (India) Ltd, established in 1991 and certified with ISO 9001, operates as a 100% Export Oriented Unit, specializing in robust electronic systems for harsh environments.
They offer comprehensive services including concept design, validation, manufacturing, installation, and maintenance support on a turnkey basis. Kernex is renowned for its embedded R&D and Electronics Manufacturing Services (EMS/CEM), facilitating faster time-to-market for various applications.
With a focus on quality, cost-effectiveness, and global logistics, Kernex aims to forge enduring partnerships by delivering innovative engineering solutions that empower clients with competitive advantages in their respective markets.
Kernex Microsystems Board Approves FY24 Financial Results - FAQs
1. What was Kernex Microsystems' revenue from operations for the fiscal year ending March 31, 2024?
Kernex Microsystems reported revenue from operations totaling ₹1,929.83 lakhs for the fiscal year ending March 31, 2024.
2. Did Kernex Microsystems report a profit or loss before tax for the fourth quarter of FY24?
Kernex Microsystems reported a loss of ₹1,242.19 lakhs before tax for the fourth quarter of FY24.
3. How much did Kernex Microsystems spend on employee benefits in FY24?
Kernex Microsystems incurred ₹1,205.13 lakhs as expenses on employee benefits for the fiscal year 2024.
4. What was the basic earnings per share (EPS) for Kernex Microsystems for FY24?
The basic earnings per share (EPS) for Kernex Microsystems for FY24 was -₹4.91.
5. What was the total comprehensive loss for Kernex Microsystems in FY24?
Kernex Microsystems reported a total comprehensive loss of ₹2,696.99 lakhs for the fiscal year 2024.
6. How much did Kernex Microsystems spend on project execution expenses in the fourth quarter of FY24?
Kernex Microsystems allocated ₹175.85 lakhs towards project execution expenses in the fourth quarter of FY24.
7. What was the total income reported by Kernex Microsystems for the fourth quarter of FY24?
Kernex Microsystems reported a total income of ₹922.13 lakhs for the fourth quarter of FY24.
8. Did Kernex Microsystems experience a decrease or increase in total income from Q4 FY23 to Q4 FY24?
Kernex Microsystems experienced a slight decrease in total income from ₹924.76 lakhs in Q4 FY23 to ₹922.13 lakhs in Q4 FY24.
9. How much did Kernex Microsystems pay in taxes for FY24?
Kernex Microsystems incurred a tax expense of ₹64.73 lakhs for the fiscal year 2024.
10. What was the cost of materials consumed by Kernex Microsystems in FY24?
Kernex Microsystems recorded ₹5,012.56 lakhs as the cost of materials consumed for the fiscal year 2024.