Kingfa Science & Technology (India) Q1 Results Total Income ₹416.44 crore & Operating Profit ₹53.67 crore

Kingfa Science & Technology (India) Q1 Results: Kingfa Science & Technology (India)'s Q1 financial results show strong growth both quarter-on-quarter (QoQ) and year-over-year (YoY). Total revenue for the quarter ending in June 2024 was ₹416.44 crore, which represents a 22.97% increase year-over-year (YoY) compared to June 2023. This shows that the company has grown significantly over the past year. On a quarter-on-quarter (QoQ) basis, the revenue rose by 2.97% compared to March 2023, indicating steady growth.

Kingfa Science & Technology’s Selling, general, and administrative expenses also saw a rise, with a YoY increase of 28.63%. This means the company spent more on these expenses compared to the same period last year. Depreciation and amortization expenses grew by 47.73% YoY, showing the company is investing more in its assets.

Kingfa Science & Technology’s Other operating expenses, on the other hand, dropped 12.76% QoQ but rose 19.45% YoY. Despite some higher costs, the company managed to keep its overall operating expenses under control, leading to a 24.53% YoY increase.

Kingfa Science & Technology’s Operating income for the quarter was ₹53.67 crore, a 13.34% increase YoY. Net income also saw an 11.52% YoY rise, showing strong profitability. 

Here is a simplified version of Kingfa Science & Technology (India)'s Q1 financial results, with key figures:

(All figures in crores except per share values)

Source: Here 

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Kingfa Science & Technology (India) Q1 Results

Kingfa Science & Technology (India) table represents the financial results for Kingfa Science & Technology (India) for the quarter ending June 30, 2024. They earned Rs. 41,64,369 lakhs from its core operations during this period, which is a significant increase compared to the previous quarter in March 2024, when they earned Rs. 40,42,211 lakhs, and also higher than the same period last year (June 2023), where they earned Rs. 33,86,589 lakhs. They also made Rs. 16,649 lakhs as other income, which is money earned outside of their main business, like investments or interest.

Kingfa Science & Technology (India)’s total income, combining both operations and other income, reached Rs. 41,81,018 lakhs. On the expense side, the company spent Rs. 29,32,218 lakhs on raw materials, which is a major portion of their costs. They also spent on things like purchasing traded goods and paying their employees.

Kingfa Science & Technology (India)’s After subtracting all expenses, the company’s profit before tax stood at Rs. 5,28,363 lakhs, meaning they made a healthy profit before accounting for taxes. Once they paid Rs. 1,33,622 lakhs in taxes, their net profit was Rs. 3,90,741 lakhs for the quarter, higher than last year’s profit for the same period. They also calculated their earnings per share at Rs. 32.26, meaning this is the profit earned for each share held by investors.

Here’s a simplified version of the unaudited financial results for the quarter ended June 30, 2024:

(Rs. in Lakhs)

Kingfa Science & Technology (India) Financial Performance

Kingfa Science & Technology is a company with a market value of ₹4,094 crore. Its stock is currently priced at ₹3,381, while its highest and lowest prices in the past year were ₹3,734 and ₹1,400. The stock’s price-to-earnings (P/E) ratio is 32.4, meaning investors pay ₹32.40 for every ₹1 of earnings. The company's book value, which is the net asset value per share, is ₹486. It offers a small dividend yield of 0.30%, meaning it pays 0.30% of the stock price as a dividend. 

Here is a simple breakdown of the stock information you provided:

Quarterly Results 

In the quarters of December 2023, March 2024, and June 2024, Kingfa Science & Technology (India) showed strong financial performance. In December 2023, the company made ₹394 crores in sales and earned a net profit of ₹24 crores. By March 2024, sales increased to ₹404 crores, and net profit rose to ₹34 crores, indicating better management and higher demand. In June 2024, sales reached ₹416 crores, with net profit growing to ₹39 crores. 

Here’s the table for the specified quarters (Dec 2023, Mar 2024, Jun 2024) along with their particulars.

(Figures in Rs. Crores)

About Kingfa Science & Technology

Kingfa Science & Technology (India) is a well-known company that has been providing high-quality industrial solutions for over 34 years. The company specializes in making reinforced polypropylene compounds, thermoplastic elastomers, fiber-reinforced composites, and various engineering plastics. These products are widely used in the automotive industry and consumer goods, making Kingfa a global leader in modified plastics.

When the COVID-19 pandemic began, Kingfa quickly adapted by entering the personal protective equipment (PPE) market. They started producing face masks that meet strict international standards like EN149:2001, GB2626, and IS: 9473-2002. Their masks are approved for various safety categories, including FFP1, FFP2, FFP3, KN95, and BIS. This move shows Kingfa's commitment to innovation and safety while continuing to serve their customers effectively.