Kross Q1 Results Profit Before Tax at ₹15.63 Crores as Expenses Decrease

Kross Q1 Results

Kross Q1 Results: The unaudited financial results for Kross for the quarter ending June 30, 2024, show various important details about the company’s performance. The total revenue from operations was ₹1,463.92 million, which is lower compared to the previous quarter’s revenue of ₹1,830.36 million. This decline in revenue may indicate challenges in sales or market conditions. The company also reported a total income of ₹1,467.09 million, which includes other income, and this is slightly down from ₹1,832.30 million in the last quarter. 

Kross spent ₹1,310.81 million, which is less than the previous quarter’s expenses of ₹2,820.23 million. The decrease in expenses helped the company achieve a profit before tax of ₹156.28 million. After accounting for tax expenses of ₹109.89 million, the profit for the period is ₹46.39 million. In terms of comprehensive income, Kross reported a total of ₹263.50 million, which includes profits and other comprehensive items. The earnings per equity share were ₹0.62. Overall, while the company faced a drop in revenue, controlling expenses helped maintain profitability, showing some resilience in challenging conditions.

Here’s a clear and organized summary of the unaudited financial results for the quarter ended June 30, 2024, based on the information you provided:

Amount in Rs. Millions, unless otherwise stated

Source: Here 

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Kross Financial Metrics

The Kross table provides important financial information about a company’s stock. The Market Cap of ₹ 1,372 Crores shows the total value of the company’s shares. The Current Price of ₹ 213 indicates how much each share costs now. The High / Low values, ₹ 271 and ₹ 206, show the highest and lowest prices of the stock in a specific period. The Stock P/E of 30.6 reflects how much investors are willing to pay for each unit of earnings. The ROCE of 33.5% and ROE of 36.1% indicate strong profitability. 

Here’s the financial summary based on the information provided:

About Kross 

Kross, founded in 1994, is a well-known company in India that makes and supplies parts for medium and heavy commercial vehicles and farm equipment. The company has five factories in Jamshedpur, Jharkhand, where they produce various high-quality components, including trailer axles and suspension assemblies. Kross uses advanced machines for forging and machining, and they follow strict quality standards, earning certifications like IATF 16949:2016 and ISO 14001:2015. 

Since starting to make trailer axles and suspension systems in 2019, Kross has grown significantly and is recognized as a leader in this field. They provide important parts like rear axle shafts, suspension linkages, and PTO shafts to major vehicle manufacturers and their suppliers, both in India and internationally. Kross is dedicated to quality, delivery, and competitive pricing, building strong relationships with customers through their commitment to excellence.